Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6915 Montgomery NE Blvd Albuquerque, NM 87109-1409

    • Retail space
    • 38,016 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0305501
    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

    • Burton / Sporting Goods Store / Clothing Store
    • Sport Systems / Sporting Goods Store / Clothing Store

    Property Details for 6915 Montgomery NE Blvd

    Year built
    1984
    Lot size
    2.07 lot acres
    Property size
    38,016 SF
    Property type
    Retail space
    APN
    1-018-061-458-022-4-04-18
    APU
    101806145802240418

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,221,000
      Market price range: $1.19M - $2.70M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.571
    Latitude
    35.1313
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,202
    $293,290
    $357,085
    $650,375
    -
    $879,957
    $1,071,361
    $1,951,318

    Comparable in this City

    • Value Estimation by Request
      4,530 SF

      8150 Del Norte Pso NE

      RETAIL STORES (PERSONAL SERVICES) • 4,530 SF
      8150 Del Norte Pso NE, Albuquerque, NM 87109
      View Details
    • Value Estimation by Request
      7,250 SF

      7634 Louisiana NE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,250 SF
      7634 Louisiana NE Blvd, Albuquerque, NM 87109-5506
      View Details
    • Value Estimation by Request
      7,435 SF

      4740 Pan American E NE Fwy

      RETAIL STORES (PERSONAL SERVICES) • 7,435 SF
      4740 Pan American E NE Fwy, Albuquerque, NM 87109-2203
      View Details
    • Value Estimation
      $535,000
      16,200 SF

      6210 San Mateo NE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,200 SF
      6210 San Mateo NE Blvd, Albuquerque, NM 87109-3313
      View Details
    • Value Estimation by Request
      2,688 SF

      7550 Pan American E NE Fwy

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      7550 Pan American E NE Fwy, Albuquerque, NM 87109-4632
      View Details
    • Value Estimation by Request
      3,601 SF

      7331 San Antonio NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,601 SF
      7331 San Antonio NE Dr, Albuquerque, NM 87109-4871
      View Details

    Similar Nearby for Sale

    • $1,382,500
      62,855 SF

      Comanche Retail Park: Prime Albuquerque Land

      I-25 frontage, high-traffic retail opportunity.
      0 I-25 & Comanche Rd, Albuquerque, NM 87109
      View Details
    • $3,300,000
      14,740 SF

      San Antonio Commons: Albuquerque Retail Center

      High-Yield Retail Investment, Albuquerque, NM
      5700 San Antonio Dr, Albuquerque, NM 87109
      View Details
    • $3,300,000
      14,740 SF

      Retail Center in Northeast Heights

      Well-located retail center with strong demographics and stable rent roll.
      5700 San Antonio Dr NE, Albuquerque, NM 87109
      View Details
    • $859,000
      3,760 SF

      Restaurant/Bar Space For Sale

      Restaurant, bar, and lounge space in desirable location.
      6001 Osuna Rd NE, Albuquerque, NM 87109
      View Details
    • $909,532
      1.30 Acres

      Prime Albuquerque Commercial Land

      1.3-acre pad site, ideal for development.
      0 San Antonio Dr, Albuquerque, NM 87109
      View Details
    • $2,700,000
      10,453 SF

      Albuquerque Office Complex

      Class A Office, 10,453 SF, 3 Units
      7910 Wyoming Blvd, Albuquerque, NM 87109
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      65,574 SF

      Fiesta Crossings Retail Center Investment

      Albuquerque Retail Center - Prime Location
      4770 Montgomery Blvd, Albuquerque, NM 87109
      View Details
    • $29 SF/Yr
      2,246 SF

      Retail Space Available For Lease

      Retail space available for lease in Albuquerque, New Mexico.
      4300 The 25 Way NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      1,634 SF

      Grocery Anchored Retail Space

      Recently renovated retail space in Albuquerque's Far Northeast Heights.
      6300 San Mateo Blvd NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      1,117 SF

      Albuquerque Retail Space For Rent

      Class A mixed-use retail development in the heart of Albuquerque.
      5161 Lang Ave NE, Albuquerque, NM 87109
      View Details
    • $4,800 /Mo
      3,661 SF

      Retail Space in Albuquerque

      Retail space with high visibility and access on Montgomery Blvd.
      7200 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      9,000 SF

      Retail Pads Fronting Jefferson

      Retail space available in mixed-use project near medical offices.
      6701 Jefferson St NE, Albuquerque, NM 87109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6915 Montgomery NE Blvd
    Albuquerque, NM 87109-1409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.