Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    901 San Pedro SE Dr Albuquerque, NM 87108-4802
    Back to Search
    Property profile & analytics

    901 San Pedro SE Dr, Albuquerque, NM 87108-4802

    View on Map
    • Strip malls
    • 7,348 SF
    • 0.62 lot acres
    Off-Market
    Property ID
    US61-0239953
    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

    • Dank Smoke Shop & Grocery / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • DukeCity MMA / Gym & Fitness Center
    • RockItCoin Bitcoin ATM / Crypto Atm

    Property Details for 901 San Pedro SE Dr

    Year built
    1956
    Lot size
    0.62 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-018-056-238-258-3-27-11
    APU
    101805623825832711

    Description

    This exceptional 13,000-square-foot executive office space in Albuquerque, New Mexico, presents a unique investment opportunity. Located at 901 San Pedro Dr SE, in Bernalillo County, zip code 87108, this single-tenant property offers a versatile floor plan ideal for a variety of uses. Previously a school, the building boasts high ceilings, large windows, and a modern aesthetic, fostering a creative and inspiring atmosphere. The property features ample parking and is fully compliant with accessibility standards. Well-maintained outdoor areas, adjacent to a park, provide additional space for recreation or events. Potential uses include a community center, large office space, co-working space, training facility, healthcare facility, art studios, or a library/learning center. The building benefits from upgraded systems, high-speed internet connectivity, and modern amenities, ensuring a smooth transition for businesses. Its former use as a school contributes to a positive community image. This is a rare opportunity to acquire a substantial, adaptable property in a desirable Albuquerque location. The entire 13,000 square feet is currently vacant and ready for immediate occupancy.

    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
    Bernalillo
    State
    New Mexico
    Longitude
    -106.578
    Latitude
    35.0652
    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
    $296
    $34,150
    $40,580
    $74,730
    -
    $102,460
    $121,753
    $224,213

    Comparable in this City

    • Value Estimation
      $850,000
      41,738 SF

      901 San Pedro SE Dr

      SHOPPING CENTER, STRIP CENTER
      901 San Pedro SE Dr, Albuquerque, NM 87108-4802
      View Details
    • Value Estimation by Request
      13,530 SF

      933 San Mateo Blvd Neb

      SHOPPING CENTER, STRIP CENTER
      933 San Mateo Blvd Neb, Albuquerque, NM 87108-1470
      View Details
    • Value Estimation by Request
      13,200 SF

      5555 Zuni SE Rd

      SHOPPING CENTER, STRIP CENTER
      5555 Zuni SE Rd, Albuquerque, NM 87108-2942
      View Details
    • Value Estimation
      $1,115,000
      42,995 SF

      5303 Gibson SE Blvd

      SHOPPING CENTER, STRIP CENTER
      5303 Gibson SE Blvd, Albuquerque, NM 87108-4726
      View Details
    • Value Estimation
      $1,250,000
      80,581 SF

      4716 Central SE Ave

      SHOPPING CENTER, STRIP CENTER
      4716 Central SE Ave, Albuquerque, NM 87108-1225
      View Details
    • Value Estimation by Request
      12,660 SF

      600 Louisiana SE Blvd

      SHOPPING CENTER, STRIP CENTER
      600 Louisiana SE Blvd, Albuquerque, NM 87108-5527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,375 SF

      Fully Leased Commercial Property

      Profitable commercial property with immediate rental income.
      6319 Acoma Rd SE, Albuquerque, NM 87108
      View Details
    • $599,000
      0.19 Acres

      1001 San Mateo Blvd, Albuquerque, NM 87108

      Retail properties & Spaces
      1001 San Mateo Blvd, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      3,862 SF

      Iconic Restaurant in Nob Hill

      Well-established restaurant on Central Ave in Albuquerque, New Mexico.
      4500 Central Ave SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing

      Retail Space For Sale

      Retail property available for sale.
      740 San Mateo Blvd NE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      Pending

      Central Avenue Commercial Property

      Commercial property with high visibility and fenced yard for sale.
      6610 Central Ave SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      2,384 SF

      Functional Albuquerque Flex Space

      High-quality industrial/flex asset in a desirable Albuquerque location.
      125 Manzano St NE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Retail Space in Willow Village

      Turnkey retail space in high-traffic Albuquerque shopping center.
      955 San Pedro Rd SE, Albuquerque, NM 87108
      View Details
    • $438 /Mo
      3,280 SF

      Valero Gas Station - Albuquerque

      High-volume gas station, strong revenue.
      1620 Carlisle Blvd, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      206,278 SF

      Large Retail Box in Albuquerque

      Rare large-format retail space in a densely populated area.
      301 San Mateo Blvd Southeast, Albuquerque, NM 87108
      View Details
    • Contact for pricing

      Retail Space on Gibson Blvd

      Retail space available for rent on Gibson Blvd.
      6301 Gibson Blvd SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      3,995 SF

      Retail Space with Restaurant Build-Out

      Retail space with restaurant build-out and ample parking.
      901 San Pedro Dr SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing

      Retail and Medical Space Available

      Retail and medical space for lease in Albuquerque shopping center.
      933 San Mateo Blvd NE, Albuquerque, NM 87108
      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.
    901 San Pedro SE Dr
    Albuquerque, NM 87108-4802
    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

    Thank You for Inquiry
    901 San Pedro SE Dr, Albuquerque, NM, 87108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!