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

    9813 4th NW St Albuquerque, NM 87114-2121

    • Warehouses
    • 7,600 SF
    • 3.06 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0246323
    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

    • The Adobe Theater / Theater & Performing Art Venue

    Property Details for 9813 4th NW St

    Year built
    1995
    Lot size
    3.06 lot acres
    Property size
    7,600 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1-016-065-138-180-3-08-03
    APU
    101606513818030803

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,070,000
      Market price range: $347k - $1.07M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $710,000
      Current use
      COMMERCIAL (GENERAL)
      $920,000
      Change: +30% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $775,000
      Change: +9% Conversion: Difficult
      RESTAURANT
      $620,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.617
    Latitude
    35.1938
    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
    $15,612
    $106,882
    $249,642
    $356,524
    -
    $320,679
    $749,000
    $1,069,679

    Comparable in this City

    • Value Estimation
      $745,000
      9,553 SF

      10131 Coors NW Blvd

      MINI-WAREHOUSE, STORAGE • 9,553 SF
      10131 Coors NW Blvd, Albuquerque, NM 87114-4045
      View Details
    • Value Estimation
      $5,220,000
      86,453 SF

      10880 Unser NW Blvd

      MINI-WAREHOUSE, STORAGE • 86,453 SF
      10880 Unser NW Blvd, Albuquerque, NM 87114-1064
      View Details
    • Value Estimation by Request
      2,544 SF

      6500 Paradise NW Blvd

      MINI-WAREHOUSE, STORAGE • 2,544 SF
      6500 Paradise NW Blvd, Albuquerque, NM 87114-4684
      View Details
    • Value Estimation by Request
      2,565 SF

      8506 2nd NW St

      MINI-WAREHOUSE, STORAGE • 2,565 SF
      8506 2nd NW St, Albuquerque, NM 87114-1515
      View Details
    • Value Estimation
      $560,000
      4,300 SF

      9221 Eagle Rnch NW Rd

      MINI-WAREHOUSE, STORAGE • 4,300 SF
      9221 Eagle Rnch NW Rd, Albuquerque, NM 87114-6440
      View Details
    • Value Estimation
      $2,505,000
      80,889 SF

      3300 Calle Cuervo NW

      MINI-WAREHOUSE, STORAGE • 80,889 SF
      3300 Calle Cuervo NW, Albuquerque, NM 87114-9202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      252.00 Acres

      Volcano Heights: Prime Development Land

      252 Acres, Mixed-Use Zoning, Albuquerque
      & Paseo Del Norte Neq Unser Blvd, Albuquerque, NM 87114
      View Details
    • $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
    • $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
    • Contact for pricing
      0.88 Acres

      Albuquerque Retail Land - Prime Location

      High-growth area, level sites, ready to build.
      0 Universe Blvd, Albuquerque, NM 87114
      View Details
    • $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
      View Details
    • $796,661
      1.93 Acres

      Albuquerque Commercial Land - 1.9 Acres

      Prime Albuquerque commercial land, stunning views.
      0 Nunzio Ave, Albuquerque, NM 87114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      495,000 SF

      Cottonwood Corners: Albuquerque Retail Space

      Prime Albuquerque retail warehouse, multiple spaces available.
      3701 Ellison Dr, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      41,300 SF

      Cottonwood Mall Retail/Office Space

      Albuquerque Flex Space: 41,300 SF Available
      10000 Coors Byp, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      19,197 SF

      Albuquerque Retail Center Opportunity

      Prime Albuquerque location, multiple suites available.
      0 Nw & Universe Blvd, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      60,000 SF

      Albuquerque Restaurant Space Available

      Prime Retail Space, 22,407 SF Available
      9350 Eagle Ranch Rd, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,650 SF

      High-Traffic Retail Space Available

      Retail space with drive-thru options at a high-traffic intersection.
      10621 Unser Blvd NW, Albuquerque, NM 87114
      View Details
    • $27 SF/Yr
      1,282 SF

      Retail Space in Regional Trade Area

      Retail space in a high-traffic regional trade area.
      3703 Ellison Rd NW, Albuquerque, NM 87114
      View Details
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    Albuquerque, NM 87114-2121
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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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