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

    700 Osuna NE Rd Albuquerque, NM 87113-1037

    • Manufacturing properties
    • 33,635 SF
    • 6.50 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0134885
    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

    • Mega Corporation / Manufacturer

    Property Details for 700 Osuna NE Rd

    Year built
    1980
    Lot size
    6.50 lot acres
    Property size
    33,635 SF
    Property type
    Manufacturing properties
    APN
    1-016-062-259-159-4-01-40
    APU
    101606225915940140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $979,000
      Market price range: $980k - $1.45M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,205,000
      Current use
      AUTO REPAIR, GARAGE
      $1,440,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $1,420,000
      Change: +18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.614
    Latitude
    35.1497
    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
    $24,299
    $325,782
    $180,705
    $506,487
    -
    $977,445
    $542,169
    $1,519,614

    Comparable in this City

    • Value Estimation
      $2,750,000
      165,342 SF

      4700 Alameda NE Blvd

      MANUFACTURING (LIGHT) • 165,342 SF
      4700 Alameda NE Blvd, Albuquerque, NM 87113-2043
      View Details
    • Value Estimation
      $795,000
      22,439 SF

      4600 Paseo Del Norte NE

      MANUFACTURING (LIGHT) • 22,439 SF
      4600 Paseo Del Norte NE, Albuquerque, NM 87113-1535
      View Details
    • Value Estimation by Request
      2.84 Acres

      700 Osuna NE Rd

      MANUFACTURING (LIGHT) • 2.84 Acres
      700 Osuna NE Rd, Albuquerque, NM 87113-1037
      View Details
    • Value Estimation
      $4,065,000
      86,268 SF

      9401 San Mateo NE Blvd

      MANUFACTURING (LIGHT) • 86,268 SF
      9401 San Mateo NE Blvd, Albuquerque, NM 87113-2232
      View Details
    • Value Estimation
      $7,960,000
      519,680 SF

      9201 San Mateo NE Blvd

      MANUFACTURING (LIGHT) • 519,680 SF
      9201 San Mateo NE Blvd, Albuquerque, NM 87113-2227
      View Details
    • Value Estimation by Request
      600 SF

      524 El Paraiso NE Rd

      MANUFACTURING (LIGHT) • 600 SF
      524 El Paraiso NE Rd, Albuquerque, NM 87113-1005
      View Details

    Similar Nearby for Sale

    • $1,340,000
      1.86 Acres

      Jefferson St NE Land - Albuquerque, NM

      1.86 Acres, Commercial/Industrial Land
      8400 Jefferson St, Albuquerque, NM 87113
      View Details
    • $850,000
      0.86 Acres

      Albuquerque Commercial Live/Work Space

      Versatile commercial property with warehouse, office, and residential features.
      8612 Paseo Alameda NE, Albuquerque, NM 87113
      View Details
    • New
      $65,000
      0.15 Acres

      Albuquerque Land Ready to Build

      Infill lot ready for your dream home with owner financing.
      205 Utah St NE, Albuquerque, NM 87113
      View Details
    • $189,900
      0.63 Acres

      Residential Lot in Albuquerque

      Residential lot suitable for mobile home or new construction.
      525 Niagara Rd NE, Albuquerque, NM 87113
      View Details
    • New
      $635,000
      1.41 Acres

      Albuquerque Land Near Balloon Fiesta

      1.41-acre parcel near Balloon Fiesta Park with development potential.
      10417 Edith Blvd NE, Albuquerque, NM 87113
      View Details
    • $475,000
      1.00 Acre

      Land with Sandia Mountain Views

      One-acre Albuquerque land parcel with utilities and mountain views.
      10930 Edith Blvd NE, Albuquerque, NM 87113
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,309 SF

      Industrial Space Available for Lease

      Industrial property with 17,309 square feet available for lease.
      8600 San Mateo Blvd NE, Albuquerque, NM 87113
      View Details
    • $4,125 /Mo
      3,043 SF

      Warehouse and Office Space Available

      Warehouse and office space with gated yard near I-25.
      7900 Lorraine Ct NE, Albuquerque, NM 87113
      View Details
    • $16 SF/Yr
      3,400 SF

      Industrial/Office/Showroom Space Available

      Industrial/office/showroom property with flexible options in the North I-25 submarket.
      5916 Anaheim Ave NE, Albuquerque, NM 87113
      View Details
    • $16 SF/Yr
      13,465 SF

      New Industrial Complex - For Lease

      Modern industrial space, multiple units available.
      1320 Cuesta Arriba Ct, Albuquerque, NM 87113
      View Details
    • $19 SF/Yr
      2,275 SF

      Verano Plaza Office Space

      Single tenant office building in Verano Plaza available for rent.
      9200 San Mateo Blvd NE, Albuquerque, NM 87113
      View Details
    • $23 SF/Yr
      4,659 SF

      Albuquerque Office Space: North I-25

      Modern, move-in ready office space in Albuquerque.
      8814 Horizon Blvd, Albuquerque, NM 87113
      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.
    700 Osuna NE Rd
    Albuquerque, NM 87113-1037
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.