9620 Eagle Ranch Rd NW Albuquerque, NM 87114
Property profile & analytics
9620 Eagle Ranch Rd NW, Albuquerque, NM 87114
- Auto shops
- 7,915 SF
- 1.40 lot acres
Property ID
US61-0252617
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.
Location Intelligence
Current Use by Public Records
- CAR - ER / Auto Repair Shop
- Mango Automotive / Auto Repair Shop
Property Details for 9620 Eagle Ranch Rd NW
- Year built
- 2005
- Lot size
- 1.40 lot acres
- Property type
- Auto shops
- APN
- 1-013-065-333-004-4-03-45
- APU
- 101306533300440345
Description
This exceptional investment opportunity presents a 2023-built, 3,700 square foot Circle K convenience store and gas station situated on a 1.57-acre lot in Albuquerque, New Mexico. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee from Circle K, a tenant with an investment-grade credit rating of BBB+. The lease includes eight 5-year renewal options and features an 8% rent increase every five years during the primary term and options. The property is strategically located at the signalized intersection of Eagle Ranch Road (17,200+ vehicles per day) and Irving Boulevard (19,100+ vehicles per day), less than a mile from Cottonwood Mall, New Mexico's second-largest mall. The large-format store includes 14 fueling positions. The current Net Operating Income (NOI) is $98,500, resulting in a 5.25% cap rate. The asking price is $1,876,500, representing a price per square foot of $507.16. This below-replacement-cost property offers a secure, high-yield investment with significant long-term growth potential. The lease commenced January 1, 2024, and expires January 1, 2039, leaving a substantial remaining lease term of approximately 14.1 years. This is a truly exceptional opportunity for a savvy investor seeking a stable, high-return investment in a prime Albuquerque location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.663
- Latitude
- 35.1891
- 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
$14,474
$151,059
$150,623
$301,682
-
$453,222
$451,914
$905,136
