Add Listing
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

    7101 Arvada NE Ave Albuquerque, NM 87110-4510

    • Hotels
    • 116,693 SF
    • 2.62 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2021
    Value Estimations
    $5,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0244825
    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

    • Homewood Suites by Hilton Albuquerque Uptown / Hotel & Motel / Vacation Rental

    Property Details for 7101 Arvada NE Ave

    Year built
    2002
    Lot size
    2.62 lot acres
    Property size
    116,693 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1-019-059-074-117-3-10-09
    APU
    101905907411731009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,200,000
      Market price range: $1.83M - $5.15M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,355,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $8,195,000
      Change: +144% Conversion: Difficult
      OFFICE BUILDING
      $8,180,000
      Change: +144% Conversion: Difficult
      MEDICAL BUILDING
      $6,810,000
      Change: +103% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.566
    Latitude
    35.105
    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
    $134,532
    $397,508
    $2,406,652
    $2,804,160
    -
    $1,192,644
    $7,220,677
    $8,413,321

    Comparable in this City

    • Value Estimation
      $1,405,000
      58,696 SF

      2300 Carlisle NE Blvd

      HOTEL/MOTEL • 58,696 SF
      2300 Carlisle NE Blvd, Albuquerque, NM 87110-3962
      View Details
    • Value Estimation
      $5,675,000
      315,942 SF

      2101 Louisiana NE Blvd

      HOTEL/MOTEL • 315,942 SF
      2101 Louisiana NE Blvd, Albuquerque, NM 87110-5401
      View Details
    • Value Estimation by Request
      9,472 SF

      2412 Carlisle NE Blvd

      HOTEL/MOTEL • 9,472 SF
      2412 Carlisle NE Blvd, Albuquerque, NM 87110-3806
      View Details
    • Value Estimation
      $1,665,000
      71,242 SF

      6500 Americas NE Pkwy

      HOTEL/MOTEL • 71,242 SF
      6500 Americas NE Pkwy, Albuquerque, NM 87110-5368
      View Details
    • Value Estimation
      $3,625,000
      224,770 SF

      2600 Louisiana NE Blvd

      HOTEL/MOTEL • 224,770 SF
      2600 Louisiana NE Blvd, Albuquerque, NM 87110-3604
      View Details
    • Value Estimation
      $2,315,000
      200,544 SF

      2500 Carlisle NE Blvd

      HOTEL/MOTEL • 200,544 SF
      2500 Carlisle NE Blvd, Albuquerque, NM 87110-4217
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Albuquerque Hospitality Property for Sale

      Hospitality property available for purchase in Albuquerque, New Mexico.
      2300 Carlisle Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      2,591 SF

      Retail Space in High-Traffic Area

      Retail property with high visibility in Albuquerque, NM.
      5205 Menaul Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      2,166 SF

      UNM Area Fourplex For Sale

      Fourplex near UNM with long rental history and carport.
      4156 Mesa Verde Ave NE, Albuquerque, NM 87110
      View Details
    • New
      $499,500
      2,116 SF

      Albuquerque Multifamily Property Near UNM

      Fourplex near UNM with long rental history and covered parking.
      4156 Mesa Verde Ave NE, Albuquerque, NM 87110
      View Details
    • $380,000
      3,534 SF

      Uptown Commercial Space For Sale

      Prime commercial space in Uptown with over 3,500 square feet.
      2511 Utah St NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing

      Albuquerque Uptown Land For Sale

      Commercial land available in Albuquerque Uptown.
      7401 Indian School Rd Northeast, Albuquerque, NM 87110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn-Key Medical Office Suite Available

      Prime retail space with state-of-the-art medical buildout.
      2839 Carlisle Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing

      Office Building with Mountain Views

      Office space for rent with remodeled lobby and ample parking.
      1700 Louisiana Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing

      Professional Uptown Office Space

      Uptown office space with excellent tenant experience and security.
      6301 Indian School Rd NE, Albuquerque, NM 87110
      View Details
    • $16 SF/Yr

      Hoffmantown Shopping Center Retail Space

      Retail space available in established Albuquerque shopping center.
      8200 Menaul Blvd Northeast, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      2,210 SF

      Updated Office Space Near Uptown

      Efficient office space with five offices, move-in ready.
      1110 Pennsylvania St NE, Albuquerque, NM 87110
      View Details
    • $13 SF/Yr

      Grocery-Anchored Retail Space Available

      Retail space for lease in a grocery-anchored neighborhood shopping center.
      6001 Lomas Blvd NE, Albuquerque, NM 87110
      View Details

    Property Visit Statistics

    • Visits by month
      10.5k
    • Visitors by month
      5.1k
    • Avg Time on site
      419 min
    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.
    7101 Arvada NE Ave
    Albuquerque, NM 87110-4510
    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.
    Sign Up Successful!
    You now have access to more from Realmo!