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    7105 Central Ave NE Albuquerque, NM 87108
    Property profile & analytics

    7105 Central Ave NE Albuquerque, NM 87108

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0251853
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MoneyGram / Bank / Credit Union
    • Stephanie Montoya / Pharmacy
    • Hien Vu / Pharmacy

    Property Details for 7105 Central Ave NE

    Property type
    Commercial real estate

    Description

    Retail | Single tenant | 12,900 SqFt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5679728
    Latitude
    35.0763106

    Comparable in this City

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      Valero Gas Station - Albuquerque

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      Centrally Located Flex/Industrial Space

      Flex/industrial space for rent, near I-40 and Expo New Mexico.
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      3,094 SF

      Office Space Available For Rent

      Office space available for rent, suitable for day care.
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      Renovated Office Space For Rent

      Recently renovated office space with security fence and employee lounge.
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      206,278 SF

      Large Retail Box in Albuquerque

      Rare large-format retail space in a densely populated area.
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    Similar Nearby for Sale

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      Land For Sale

      0.18 acre land available for sale.
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      Redevelopment Opportunity Near Air Force Base

      Cold shell retail space near Sandia Air Force Base.
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      Albuquerque Commercial Land For Sale

      Prime infill commercial land in Albuquerque's International District.
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      Albuquerque High-Density Apartment Site

      0.5481-acre site zoned for mixed-use development in Albuquerque's Nob Hill.
      4611 Central Ave NE, Albuquerque, NM 87108
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      3,280 SF

      Valero Gas Station with C-Store

      Gas station with convenience store and former car wash building.
      1620 Carlisle Blvd SE, Albuquerque, NM 87108
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    Similar Nearby for Lease

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      1,929 SF

      Executive Office Space Available

      Office space for rent with included amenities and convenient location.
      131 Madison St NE, Albuquerque, NM 87108
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    • Contact for pricing

      Retail Space in Densely Populated Area

      Retail space in Albuquerque's established, high-traffic in-fill area.
      301 San Mateo Blvd SE, Albuquerque, NM 87108
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      Drive-Thru Restaurant on Central Ave

      Large drive-thru restaurant space available on a hard corner.
      5201 Central Ave NE, Albuquerque, NM 87108
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      63,740 SF

      Albuquerque Commercial Property for Rent

      63,740 square foot commercial property available for rent.
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      150 SF

      Nob Hill Office Space Available

      Office space for rent in Nob Hill with parking.
      3812 Central Ave SE, Albuquerque, NM 87108
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    • $1,100 /Mo
      1,269 SF

      Updated Retail or Office Space

      Recently updated retail or office space with fenced storage.
      708 San Mateo Blvd SE, 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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    7105 Central Ave NE, Albuquerque, NM, 87108
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