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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    630 Alcazar St Albuquerque, NM 87108

    • Commercial real estate
    • 5,072 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-1215273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 630 Alcazar St

    Year built
    1971
    Lot size
    0.30 lot acres
    Property size
    5,072 SF
    Property type
    Commercial real estate

    Description

    This Albuquerque, New Mexico multifamily investment property, located at 630 Alcazar St SE, presents a compelling opportunity for value-add investors. The stabilized, 8-unit apartment building boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $48,610, representing a 6.94% cap rate. Built in 1971 and situated on a 0.3-acre lot, the property features two buildings with a total of 5,072 square feet. Each unit is individually metered for gas and electricity, with master metering for water

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5672717
    Latitude
    35.0678166

    Comparable in this City

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      Albuquerque Value-Add Multifamily

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    • $316,000
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      Albuquerque Multifamily Investment Opportunity

      5,156 SF building with 8 units in Albuquerque.
      118 Charleston St SE, Albuquerque, NM 87108
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    • New
      $840,000
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      Albuquerque Multifamily Investment Opportunity

      Well-maintained 8-unit multifamily property in Albuquerque with strong rental demand.
      635 Mesilla St SE, Albuquerque, NM 87108
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    • $850,000
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      Northeast Heights Multi-Family Investment

      Ten-unit property in Northeast Heights with renovation potential.
      501 Texas St NE, Albuquerque, NM 87108
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    • $5,317,173
      33,000 SF

      Albuquerque Multifamily Investment Opportunity

      Multifamily property near Nob Hill and University of New Mexico.
      419 Monroe St NE, Albuquerque, NM 87108
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    • $399,950
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      Multifamily Property Near UNM

      Two-bedroom units near the University of New Mexico.
      508 Alcazar St SE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Sale

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      Albuquerque Multifamily Investment Opportunity

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    • $399,950
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      Multifamily Property Near UNM

      Two-bedroom units near the University of New Mexico.
      508 Alcazar St SE, Albuquerque, NM 87108
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    • $1,325,000
      10,515 SF

      Albuquerque Value-Add Multifamily

      22-unit apartment building, high ROI potential.
      7600 Central Ave, Albuquerque, NM 87108
      View Details
    • $316,000
      5,156 SF

      Albuquerque Multifamily Investment Opportunity

      5,156 SF building with 8 units in Albuquerque.
      118 Charleston St SE, Albuquerque, NM 87108
      View Details
    • New
      $840,000
      2,688 SF

      Albuquerque Multifamily Investment Opportunity

      Well-maintained 8-unit multifamily property in Albuquerque with strong rental demand.
      635 Mesilla St SE, Albuquerque, NM 87108
      View Details
    • $850,000
      5,888 SF

      Northeast Heights Multi-Family Investment

      Ten-unit property in Northeast Heights with renovation potential.
      501 Texas St NE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Lease

    • $438 /Mo
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      Valero Gas Station - Albuquerque

      High-volume gas station, strong revenue.
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      Prime Retail Space - Gibson Blvd SE

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    • $2,800 /Mo
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      Office Space Available For Rent

      Office space available for rent, suitable for day care.
      1406 San Pedro Dr NE, Albuquerque, NM 87108
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      5,358 SF

      Centrally Located Flex/Industrial Space

      Flex/industrial space for rent, near I-40 and Expo New Mexico.
      217-221 San Pedro Dr NE, Albuquerque, NM 87108
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    • $17 SF/Yr
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      Renovated Office Space For Rent

      Recently renovated office space with security fence and employee lounge.
      124 Alvarado Dr SE, Albuquerque, NM 87108
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    • $1,500 /Mo
      12,632 SF

      Albuquerque Office Space For Rent

      Four private offices available with utilities and internet included.
      608 Chama St NE, Albuquerque, NM 87108
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    Albuquerque, NM 87108
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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