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    Central NW Ave Albuquerque, NM 87121
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    Central NW Ave Albuquerque, NM 87121

    View on Map
    • Grocery and convenience stores
    • 2.26 lot acres
    Off-Market
    Property ID
    US61-0869741
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for Central NW Ave

    Lot size
    2.26 lot acres
    Property type
    Grocery and convenience stores
    APN
    1-010-057-440-256-1-01-08
    APU
    101005744025610108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.713
    Latitude
    35.0798
    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
    $8,093
    $134,275
    $34,404
    $168,679
    -
    $402,864
    $103,223
    $506,087

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      2801 Coors SW Blvd

      CONVENIENCE STORE • 2,800 SF
      2801 Coors SW Blvd, Albuquerque, NM 87121-5114
      View Details
    • Value Estimation by Request
      3,056 SF

      10000 Sage SW Blvd

      CONVENIENCE STORE • 3,056 SF
      10000 Sage SW Blvd, Albuquerque, NM 87121
      View Details
    • Value Estimation
      $625,000
      3,783 SF

      4400 Coors SW Blvd

      CONVENIENCE STORE • 3,783 SF
      4400 Coors SW Blvd, Albuquerque, NM 87121-6258
      View Details
    • Value Estimation by Request
      2,898 SF

      2730 Sunshine W Plz SW Dr

      CONVENIENCE STORE • 2,898 SF
      2730 Sunshine W Plz SW Dr, Albuquerque, NM 87121-8604
      View Details
    • Value Estimation by Request
      1,800 SF

      1524 Coors NW Blvd

      CONVENIENCE STORE • 1,800 SF
      1524 Coors NW Blvd, Albuquerque, NM 87121-1152
      View Details
    • Value Estimation
      $560,000
      3,570 SF

      8600 Central SW Ave

      CONVENIENCE STORE • 3,570 SF
      8600 Central SW Ave, Albuquerque, NM 87121-2100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,828 SF

      Retail Property on Coors Blvd

      Retail property available for sale in Albuquerque, New Mexico.
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      Prime Retail Land For Sale

      High-visibility retail land with freeway access in Albuquerque's Southwest Mesa.
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      267,450 SF

      Commercial Land with Retail Potential

      Commercial land for sale with retail potential in Albuquerque.
      3712 Tower Rd SW, Albuquerque, NM 87121
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    • $1,244,000
      6,000 SF

      Route 66 Retail Investment

      6,000 SF retail property with long-term tenants.
      10120 Central Ave SW, Albuquerque, NM 87121
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      2,325 SF

      Retail Space For Sale

      Retail space available, approximately 2,325 square feet.
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      Albuquerque CVS Investment Property

      NNN leased CVS in Albuquerque with drive-thru.
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    Similar Nearby for Lease

    • $3,000 /Mo
      10,019 SF

      Mixed-Use Property in Albuquerque

      Mixed-use property with mechanic shop, retail space, and residential unit.
      237 Old Coors Dr SW, Albuquerque, NM 87121
      View Details
    • $4,900 /Mo
      499 SF

      Coors Blvd Retail Pad Site

      Commercial pad site on Coors Corridor available for lease.
      455 Coors Blvd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Lease

      Retail space with excellent access and exposure in Albuquerque.
      98Th St SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent at 303 Coors Blvd NW.
      303 Coors Blvd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 2,712 SqFt.
      6700 Central Ave SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Land For Rent

      Land available for single tenant use.
      Sec Coors & Blake SW, Albuquerque, NM 87121
      View Details
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    Albuquerque, NM 87121
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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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