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

    9701 Montgomery NE Blvd Albuquerque, NM 87111-3501

    • Outlet malls
    • 24,158 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0340982
    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

    • Staples / Office Supply Store / Computer Repair Service
    • Staples Travel Services / Passport Photo Processor / Passport Office
    • Amazon Locker - Ilyane / Shipping And Mailing Service
    • Olive Tree Counseling and Wellness / Family Counselor

    Property Details for 9701 Montgomery NE Blvd

    Year built
    2000
    Lot size
    1.85 lot acres
    Property size
    24,158 SF
    Property type
    Outlet malls
    APN
    1-021-061-018-021-3-01-02
    APU
    102106101802130102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,256,000
      Market price range: $728k - $1.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,180,000
      Current use
      WAREHOUSE, STORAGE
      $1,485,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $1,285,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.533
    Latitude
    35.1312
    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
    $28,877
    $202,647
    $399,263
    $601,910
    -
    $608,002
    $1,197,910
    $1,805,912

    Comparable in this City

    • Value Estimation
      $2,855,000
      140,673 SF

      8000 Academy NE Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 140,673 SF
      8000 Academy NE Rd, Albuquerque, NM 87111-1159
      View Details
    • Value Estimation
      $2,510,000
      110,976 SF

      8710 Montgomery NE Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 110,976 SF
      8710 Montgomery NE Blvd, Albuquerque, NM 87111-2308
      View Details
    • Value Estimation
      $1,030,000
      21,202 SF

      8070 Academy NE Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 21,202 SF
      8070 Academy NE Rd, Albuquerque, NM 87111-1159
      View Details
    • Value Estimation
      $3,635,000
      137,062 SF

      3110 Juan Tabo NE Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 137,062 SF
      3110 Juan Tabo NE Blvd, Albuquerque, NM 87111-5127
      View Details
    • Value Estimation by Request
      9,928 SF

      5900 Eubank NE Blvd

      SHOPPING CENTER, STRIP CENTER • 9,928 SF
      5900 Eubank NE Blvd, Albuquerque, NM 87111-7005
      View Details
    • Value Estimation
      $1,510,000
      60,965 SF

      3301 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 60,965 SF
      3301 Juan Tabo NE Blvd, Albuquerque, NM 87111-5157
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Restaurant and Retail Investment Opportunity

      Excellent location with established lease history for restaurant and retail.
      9880 Montgomery Blvd Ne, Albuquerque, NM 87111
      View Details
    • New
      $1,500,000
      0.70 Acres

      Albuquerque Commercial Property For Sale

      Commercial property with excellent location and lease history in Albuquerque.
      9880 Montgomery Blvd NE, Albuquerque, NM 87111
      View Details
    • $992,000

      Land in High-Traffic Area

      Commercial land with high visibility and multiple access points.
      11301 Montgomery Blvd NE, Albuquerque, NM 87111
      View Details
    • Contact for pricing
      1.34 Acres

      Albuquerque Commercial Land - 1.3 Acres

      Prime NE Albuquerque location, ideal retail development.
      4401 Wyoming Blvd, Albuquerque, NM 87111
      View Details
    • $145,000
      0.46 Acres

      Land with City and Mountain Views

      Residential land with city lights and mountain views in Albuquerque.
      4428 Skyline Ct NE, Albuquerque, NM 87111
      View Details
    • $579,000
      1.37 Acres

      Albuquerque Land with Panoramic Views

      1.37 acre lot in Wilderness Estates with city and mountain views.
      13604 Barranca Vista Ct NE, Albuquerque, NM 87111
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,200 SF

      Retail Space in Albuquerque, NM

      Retail space available in Walmart & Smith’s anchored shopping center.
      8060 Academy Rd NE, Albuquerque, NM 87111
      View Details
    • $20 SF/Yr
      27,386 SF

      Sierra Vista Shopping Center Lease

      Retail space, Bernalillo County, NM.
      9500 Montgomery Blvd, Albuquerque, NM 87111
      View Details
    • $24 SF/Yr
      2,960 SF

      Montgomery Blvd Retail Space

      Albuquerque end-cap retail space available.
      8510 Montgomery Blvd, Albuquerque, NM 87111
      View Details
    • $9 SF/Yr
      48,104 SF

      Los Altos Plaza: Medical Office Space

      Albuquerque medical office suites available.
      4200 Wyoming Blvd, Albuquerque, NM 87111
      View Details
    • $13 SF/Yr
      9,013 SF

      Juan Tabo Office Suite D

      Albuquerque Office Space - Immediate Occupancy
      3750 Juan Tabo Blvd, Albuquerque, NM 87111
      View Details
    • $30 SF/Yr
      2,315 SF

      Retail Space in Sycamore Plaza

      Retail space available for lease in Sycamore Plaza.
      8030 Academy Rd Northeast, Albuquerque, NM 87111
      View Details

    Property Visit Statistics

    • Visits by month
      48.3k
    • Visitors by month
      25.6k
    • Avg Time on site
      7 min
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    Albuquerque, NM 87111-3501
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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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