1520 Candelaria RdAlbuquerque, NM 87107

Property Details for 1520 Candelaria Rd

Year built

1984

Lot size

0.51 AC

Property size (Sq ft)

13,875 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

1-015-059-370-450-1-03-27

APU

101505937045010327

Description

This 46-unit Days Inn in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 1520 Candelaria Rd NE, Albuquerque, NM 87107, this three-story, 16,956 square foot hotel sits on a 0.51-acre lot and benefits from convenient access to I-40 and I-25 via Candelaria Avenue. Built in 1984, the property has recently undergone a complete interior renovation, boasting a brand new interior corridor. The asking price is $2,500,000, translating to $147.44 per square foot. This represents a significant value proposition, priced well below replacement cost. The property is offered fee simple, and the seller is open to exploring owner financing or lease-to-purchase options for qualified buyers. The hotel is delivered to the buyer with no PIP (property improvement plan) requirements. This is an excellent opportunity for an owner-operator to increase revenue and control operating expenses in a well-located, recently renovated hotel.

• CAP approach

  CAP return

  Valuation

  6%

  $2,277,470

  6.5%

  $2,102,280

  7%

  $1,952,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,809,574

  Geo Method

  $2,693,928

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,079

  Hospitality

  $2,102,280

  Educational

  $1,749,072

  Medical

  $1,809,225

  Retail

  $2,720,779

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1143

Longitude

-106.627

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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