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

    7120 Wyoming NE Blvd Albuquerque, NM 87109-4887

    • Community centers
    • 73,187 SF
    • 7.54 lot acres
    OFF-MARKET
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0615873
    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

    • Duke City Driver Education, LLC / Training Center / Vocational School
    • Del Norte Sports and Wellness / Gym & Fitness Center
    • Subway / Take-out & Catering
    • Pizza Hut / Take-out & Catering
    • Deepshika Dance Classes / Training Center

    Property Details for 7120 Wyoming NE Blvd

    Year built
    1985
    Lot size
    7.54 lot acres
    Property size
    73,187 SF
    Property type
    Community centers
    APN
    1-019-062-302-029-4-29-01
    APU
    101906230202942901

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,985,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.559
    Latitude
    35.1606
    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
    $104,464
    $934,727
    $1,242,694
    $2,177,421
    -
    $2,804,461
    $3,728,454
    $6,532,915

    Comparable in this City

    • Value Estimation
      $2,270,000
      125,205 SF

      6300 San Mateo NE Blvd

      MINI-MALL • 125,205 SF
      6300 San Mateo NE Blvd, Albuquerque, NM 87109-3553
      View Details
    • Value Estimation by Request
      0.46 Acres

      Albuquerque, NM 87109

      MINI-MALL • 0.46 Acres
      Albuquerque, NM 87109
      View Details
    • Value Estimation
      $3,435,000
      267,606 SF

      5001 Montgomery NE Blvd

      REGIONAL SHOPPING CENTER, MALL • 267,606 SF
      5001 Montgomery NE Blvd, Albuquerque, NM 87109-1308
      View Details
    • Value Estimation
      $870,000
      30,931 SF

      7900 San Pedro NE Dr

      SHOPPING CENTER, STRIP CENTER • 30,931 SF
      7900 San Pedro NE Dr, Albuquerque, NM 87109-4672
      View Details
    • Value Estimation
      $710,000
      22,935 SF

      7001 San Antonio NE Dr

      SHOPPING CENTER, STRIP CENTER • 22,935 SF
      7001 San Antonio NE Dr, Albuquerque, NM 87109-4873
      View Details
    • Value Estimation
      $2,190,000
      75,152 SF

      4936 Pan American E NE Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 75,152 SF
      4936 Pan American E NE Fwy, Albuquerque, NM 87109-2207
      View Details

    Similar Nearby for Sale

    • $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
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    • $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
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    • $1,382,500
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      Comanche Retail Park: Prime Albuquerque Land

      I-25 frontage, high-traffic retail opportunity.
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    • $859,000
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      Restaurant/Bar Space For Sale

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

      Prime Albuquerque Commercial Land

      1.3-acre pad site, ideal for development.
      0 San Antonio Dr, Albuquerque, NM 87109
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    • $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

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      1,117 SF

      Legacy Journal Center Retail Space

      High-volume Albuquerque retail space available
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      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
    • 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
    • $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
    • $14 SF/Yr
      65,574 SF

      Fiesta Crossings Retail Center Investment

      Albuquerque Retail Center - Prime Location
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      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

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.9k
    • Avg Time on site
      10 min
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    7120 Wyoming NE Blvd
    Albuquerque, NM 87109-4887
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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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