Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Torcido Rd Nw, NM

    • Office Properties & Spaces
    • 1,474 SF
    • 705.22 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    4.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US61-1361024
    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

    • Office Properties & Spaces

    Property Details for Torcido Rd

    Lot size
    705.22 lot acres
    Property size
    1,474 SF
    Property type
    Office Properties & Spaces
    APN
    1-003-079-266-242
    APU
    1003079266242

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $300,000
      6.5%
      $280,000
      7%
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nw
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.843
    Latitude
    35.4002
    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
    $3,000
    $80,865
    $30,983
    $111,848
    -
    $242,595
    $92,949
    $335,544

    Comparable in this City

    • Value Estimation by Request
      31,190 SF

      1300 W

      OFFICE (GENERAL) • 31,190 SF
      1300 W, Navajo St, NM
      View Details
    • Value Estimation
      $265,000
      1,376 SF

      9836 Highway

      MEDICAL BUILDING • 1,376 SF
      9836 Highway, 550, NM
      View Details
    • Value Estimation
      $260,000
      150 SF

      22 Highway

      OFFICE BUILDING • 150 SF
      22 Highway, St, NM
      View Details
    • Value Estimation
      $290,000
      3,580 SF

      S

      OFFICE BUILDING • 3,580 SF
      S, Main St, NM
      View Details
    • Value Estimation by Request

      Los Alamos, NM

      CENTRALLY ASSESSED
      Los Alamos, NM
      View Details
    • Value Estimation
      $300,000
      160.00 Acres

      41 Highway

      COMMERCIAL (GENERAL) • 160.00 Acres
      41 Highway, 120, NM
      View Details

    Similar Nearby for Sale

    • $1,495,000
      5,186 SF

      Functional Office Space For Sale

      Office space with flexible layout near Mesilla Plaza.
      1885 W Boutz Rd, Mesilla, NM
      View Details
    • $8,263,908
      27,839 SF

      Medical Office Portfolio For Sale

      Two medical office buildings totaling 75,029 SF near hospitals.
      435 St Michaels Dr, Santa Fe, NM
      View Details
    • $625,000
      1,556 SF

      Remodeled Santa Fe Office Condo

      Centrally located office condo with Santa Fe architectural elements.
      103 St S, Santa Fe, NM
      View Details
    • $3,200,000
      17,500 SF

      Carlsbad Industrial Hub Property

      Expansive property with premium office and efficient warehouse space.
      5302 Arroyo Dr, Carlsbad, NM
      View Details
    • $2,750,000
      5,920 SF

      Turn Key Veterinary Office

      Veterinary office with exam, X-Ray, surgical, and kennel rooms.
      5 Camino Carsten, Algodones, NM
      View Details
    • $450,000
      1,632 SF

      Mixed-Use Property with Warehouse

      Versatile property with office and warehouse space in Cedar Crest.
      12022 Hwy 14 N, Cedar Crest, NM
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,722 SF

      Medical Office Space Available

      3,722 SF medical office in Rio Rancho, NM.
      111 Nm-528, Rio Rancho, NM
      View Details
    • $1,717 /Mo
      2,126 SF

      Office Suites Near Santa Ana Star

      Two office suites available near Santa Ana Star Casino.
      51 Jemez Cyn Dm Rd, Bernalillo, NM
      View Details
    • $30 SF/Yr
      1,560 SF

      Professional Office/Medical/Retail Space Available

      Office, medical, or retail suites for lease in Las Cruces.
      4119 White Sage Arc, Las Cruces, NM
      View Details
    • Contact for pricing
      4,500 SF

      New Medical Office Space

      Class A medical office space for rent in Albuquerque.
      4332 Wymont Cir NE, Albuquerque, NM
      View Details
    • $15 SF/Yr
      47,529 SF

      Albuquerque Office Space Available

      Office space available for rent in Albuquerque, New Mexico.
      7401 Snaproll St NE, Albuquerque, NM
      View Details
    • $21 SF/Yr
      5,175 SF

      Mixed-Use Development in Albuquerque

      Flexible office, warehouse, and medical space for lease.
      7801 Ln Morada Pl NW, Albuquerque, NM
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Torcido Rd
    Nw, NM
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.