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

    9600 Tramway NE Blvd Albuquerque, NM 87122-2245

    • Turn key restaurants
    • 7,993 SF
    • 2.13 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0224428
    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

    • County Line Barbeque of Albuquerque / Barbecue Restaurant / Banquet Hall

    Property Details for 9600 Tramway NE Blvd

    Year built
    1985
    Lot size
    2.13 lot acres
    Property size
    7,993 SF
    Property type
    Turn key restaurants
    APN
    1-023-065-091-041-3-01-01
    APU
    102306509104130101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $748,000
      Market price range: $503k - $1.13M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $815,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $860,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $750,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $670,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.495
    Latitude
    35.1898
    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
    $12,255
    $125,231
    $210,939
    $336,170
    -
    $375,732
    $632,880
    $1,008,612

    Comparable in this City

    • Value Estimation by Request
      640.00 Acres

      Albuquerque, NM 87122

      RESTAURANT • 640.00 Acres
      Albuquerque, NM 87122
      View Details
    • Value Estimation
      $785,000
      13,744 SF

      10 Tramway NE Loop

      RESTAURANT • 13,744 SF
      10 Tramway NE Loop, Albuquerque, NM 87122-2017
      View Details
    • Value Estimation
      $920,000
      10,779 SF

      Sandia Peak

      RESTAURANT • 10,779 SF
      Sandia Peak, Albuquerque, NM 87122
      View Details
    • Value Estimation by Request
      51,486 SF

      7697-7797 Palomas Ave

      Individual retail properties • 51,486 SF
      7697-7797 Palomas Ave, Albuquerque, NM 87122
      View Details
    • Value Estimation by Request
      5,567 SF

      8920 Holly NE Ave

      FINANCIAL BUILDING • 5,567 SF
      8920 Holly NE Ave, Albuquerque, NM 87122-2988
      View Details
    • Value Estimation
      $1,880,000
      14,720 SF

      7847 Tramway NE Blvd

      DRUG STORE, PHARMACY • 14,720 SF
      7847 Tramway NE Blvd, Albuquerque, NM 87122-2515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.77 Acres

      Albuquerque Commercial Land

      1.77-acre Pad Site, Paseo Del Norte
      8200 Carmel Ave, Albuquerque, NM 87122
      View Details
    • $288,800
      0.89 Acres

      Albuquerque Land with Unobstructed Views

      Land in Albuquerque with 360-degree views and custom home potential.
      12110 Palomas Ave NE, Albuquerque, NM 87122
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    • $250,000
      0.89 Acres

      Albuquerque Land with Mountain Views

      Land in Albuquerque with unobstructed Sandia Mountain and city views.
      Oakland Ave NE, Albuquerque, NM 87122
      View Details
    • $325,000
      Pending

      Land in Sandia Heights

      Expansive lot backing to open space in Sandia Heights.
      9 La Luz Trl NE, Albuquerque, NM 87122
      View Details
    • $300,000
      0.73 Acres

      Residential Land in Albuquerque, NM

      Residential land for sale in a desirable Albuquerque neighborhood.
      9008 Eagle Rock Ave NE, Albuquerque, NM 87122
      View Details
    • $174,000
      0.86 Acres

      Albuquerque Land with Mountain Views

      0.86-acre lot with mountain and city views in Albuquerque.
      9920 Oakland Ave NE, Albuquerque, NM 87122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,486 SF

      Paseo Crossing Retail Shops in Albuquerque

      Prime NE Heights Retail Space Available
      7697-7797 Palomas Ave, Albuquerque, NM 87122
      View Details
    • Contact for pricing
      1,775 SF

      Retail Space at Busy Intersection

      Retail space available at a high-traffic Albuquerque intersection.
      8000 Paseo Del Norte NE, Albuquerque, NM 87122
      View Details
    • $25 SF/Yr
      1,200 SF

      Retail Space Near Trader Joe’s

      Retail space available in high-income area anchored by Trader Joe’s.
      8850 Holly Ave NE, Albuquerque, NM 87122
      View Details
    • $12 SF/Yr
      16,212 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse featuring drive-in and dock doors, fenced yard.
      4432 Anaheim Ave NE, Albuquerque, NM 87122
      View Details
    • Contact for pricing

      Land for Lease or Build-to-Suit

      Highly accessible land with frontage along I-25 available for lease.
      8200 Carmel Ave NE, Albuquerque, NM 87122
      View Details
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    Albuquerque, NM 87122-2245
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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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