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

    8819 2nd NW St Albuquerque, NM 87114-1640

    • Flex space
    • 4,500 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0176537
    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

    • First Mesa Construction Inc / Construction Company / General Contractor

    Property Details for 8819 2nd NW St

    Year built
    1996
    Lot size
    1.00 lot acres
    Property size
    4,500 SF
    Property type
    Flex space
    APN
    1-016-064-040-294-2-01-17
    APU
    101606404029420117

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.62
    Latitude
    35.1823
    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
    $4,733
    $48,930
    $59,165
    $108,095
    -
    $146,804
    $177,513
    $324,317

    Comparable in this City

    • Value Estimation by Request
      3,011 SF

      10520 2nd NW St

      LIGHT INDUSTRIAL • 3,011 SF
      10520 2nd NW St, Albuquerque, NM 87114-2404
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    • Value Estimation by Request
      6,464 SF

      9401 4th NW St

      LIGHT INDUSTRIAL • 6,464 SF
      9401 4th NW St, Albuquerque, NM 87114-1635
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    • Value Estimation by Request
      14,400 SF

      9641 Eagle Ranch Rd

      Flex space • 14,400 SF
      9641 Eagle Ranch Rd, Albuquerque, NM 87114
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    • Value Estimation
      $1,060,000
      37,918 SF

      10801 Golf Crse NW Rd

      LIGHT INDUSTRIAL • 37,918 SF
      10801 Golf Crse NW Rd, Albuquerque, NM 87114-6378
      View Details
    • Value Estimation by Request
      1,568 SF

      10005 Guadalupe NW Trl

      WAREHOUSE, STORAGE • 1,568 SF
      10005 Guadalupe NW Trl, Albuquerque, NM 87114
      View Details
    • Value Estimation by Request
      1.39 Acres

      100 Alameda NW Rd

      MANUFACTURING (LIGHT) • 1.39 Acres
      100 Alameda NW Rd, Albuquerque, NM 87114-2228
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      252.00 Acres

      Volcano Heights: Prime Development Land

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      0.88 Acres

      Albuquerque Retail Land - Prime Location

      High-growth area, level sites, ready to build.
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      Albuquerque Land For Sale

      Five acre land parcel zoned for rural agricultural use.
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    • $1,149,984

      Golf Course Road Commercial Land

      Commercial land with frontage on Golf Course Road available for sale.
      10835 Golf Course Rd NW, Albuquerque, NM 87114
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    • $400,000
      0.93 Acres

      Residential Lot in North Valley

      Nearly one-acre residential lot in Albuquerque's desirable North Valley.
      808 Camino Del Prado NW, Albuquerque, NM 87114
      View Details
    • New
      $149,999
      0.25 Acres

      Los Ranchos Fenced Lot

      Quarter-acre fenced lot with utilities and manufactured trailer.
      513 Garduno Dr NW, Los Ranchos, NM 87114
      View Details

    Similar Nearby for Lease

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      Albuquerque Commercial Unit For Lease

      Functional office and warehouse space available for immediate occupancy.
      100 Mountain Park Pl, Albuquerque, NM 87114
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      41,300 SF

      Cottonwood Mall Retail/Office Space

      Albuquerque Flex Space: 41,300 SF Available
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      495,000 SF

      Cottonwood Corners: Albuquerque Retail Space

      Prime Albuquerque retail warehouse, multiple spaces available.
      3701 Ellison Dr, Albuquerque, NM 87114
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    • Contact for pricing
      4,195 SF

      Albuquerque Corner Restaurant Property

      Prime 1.2-acre restaurant site, 4,195 sqft.
      3711 Ellison Rd, Albuquerque, NM 87114
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    • $15 SF/Yr
      9,286 SF

      Grocery Store Space Available

      9,286 SF fully equipped grocery store for rent.
      3601 Old Airport Rd NW, Albuquerque, NM 87114
      View Details
    • $25 SF/Yr
      7,936 SF

      Retail Space in Albuquerque, NM

      Retail space available in regional trade area.
      3741 Ellison Rd NW, Albuquerque, NM 87114
      View Details
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    8819 2nd NW St
    Albuquerque, NM 87114-1640
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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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