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    Albuquerque, NM 87106
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    Property profile & analytics

    Albuquerque, NM 87106

    View on Map
    • Warehouses
    • 60,425 SF
    Off-Market
    Property ID
    US61-0851240
    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
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1985
    Property size
    60,425 SF
    Property type
    Warehouses
    APN
    1-016-054-202-302-2-01-01-B4
    APU
    101605420230220101B4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,531,000
      Market price range: $1.53M - $3.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.617
    Latitude
    35.0385
    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
    $0.00
    $0.00
    $414,726
    $414,726
    -
    $0.00
    $1,244,303
    $1,244,303

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Constitution NE Ave

      WAREHOUSE, STORAGE • 0.07 Acres
      Constitution NE Ave, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.60 Acres

      2310 Ross SE Ave

      WAREHOUSE, STORAGE • 0.60 Acres
      2310 Ross SE Ave, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.23 Acres

      1903 Wilmoore SE Dr

      WAREHOUSE, STORAGE • 0.23 Acres
      1903 Wilmoore SE Dr, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      10,880 SF

      3113 Yale SE Blvd

      WAREHOUSE, STORAGE • 10,880 SF
      3113 Yale SE Blvd, Albuquerque, NM 87106-4262
      View Details
    • Value Estimation by Request
      2,304 SF

      514 Cedar SE St

      WAREHOUSE, STORAGE • 2,304 SF
      514 Cedar SE St, Albuquerque, NM 87106-5204
      View Details
    • Value Estimation by Request
      3,735 SF

      Albuquerque, NM 87106

      WAREHOUSE, STORAGE • 3,735 SF
      Albuquerque, NM 87106
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Albuquerque Retail Development Opportunity

      Development opportunity near downtown Albuquerque, the Sunport, and UNM.
      I-25 & Gibson Blvd, Albuquerque, NM 87106
      View Details
    • $330,000
      1,460 SF

      Albuquerque Multifamily Property with Casita

      Multifamily property featuring a main house and detached casita.
      412 Harvard Dr SE, Albuquerque, NM 87106
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    • New
      $229,000
      0.16 Acres

      Vacant Land in Nob Hill

      Prime .163-acre lot in University Heights Addition, Albuquerque.
      207 Richmond Dr SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      30,528 SF

      Office Building For Sale

      30,528 SqFt office building available for purchase.
      2021 Girard Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Mesa Del Sol Land Parcels

      Land parcels available in Mesa Del Sol’s Innovation Park.
      Crick Ave Southeast, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Land Available at University Campus

      Land parcels available for purchase near the University of New Mexico.
      South Campus, Albuquerque, NM 87106
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Warehouse with Attached Office Space

      10,000 SF warehouse with office in Airport Market.
      3201 University Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      5,000 SF

      Warehouse with Mezzanine and Yard

      5,000 SF warehouse space with mezzanine and yard.
      1800 Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      250,000 SF

      High-Tech Mixed-Use Campus

      70-acre campus near Kirtland Air Force Base.
      87106 Usa, Albuquerque, NM 87106
      View Details
    • $10 SF/Yr
      18,667 SF

      Yale Street Office Complex

      Spacious Office Building, Owner Financing Available
      1820 Randolph Rd, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      NM, Albuquerque - Alamo Ave SE

      Workspaces, services and support to help you work better in Dominion Plaza
      2340 Alamo Ave, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Accessible Land Near Interstate I-25

      Land with accessibility to I-25, close to airport and universities.
      Se & Gibson Blvd SE, Albuquerque, NM 87106
      View Details
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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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