6015 Iliff RdAlbuquerque, NM 87121

Property Details for 6015 Iliff Rd

Year built

1984

Lot size

2.07 AC

Property size (Sq ft)

9,064 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

1-011-059-077-083-3-08-01

APU

101105907708330801

Description

Exceptional investment opportunity: Motel 6 Albuquerque, a 128-key hotel situated on a 2.07-acre lot at 6015 Iliff Rd NW, Albuquerque, NM 87121. This established property, built in 1984, offers a substantial 16,792 square feet of building space within a thriving market. The hotel's prime location boasts a strong demographic profile, with over 212,000 residents within a 5-mile radius and an average household income exceeding $83,720 in 2023. The two-story building is zoned A1, providing a solid foundation for continued operation and potential expansion. This turnkey hospitality asset presents a compelling opportunity for investors seeking a high-performing property in a dynamic Albuquerque market. The asking price is $3,999,999. Bernalillo County location provides access to key transportation routes and amenities. This is a rare chance to acquire a well-established hotel with significant growth potential in a desirable area. The property's size and location make it an attractive option for both seasoned investors and those new to the hospitality sector. Don't miss this chance to capitalize on the robust Albuquerque economy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,487,783

  6.5%

  $1,373,338

  7%

  $1,275,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,835,386

  Geo Method

  $1,759,839

• Alternative Use

  Use

  Valuation

  Residential

  $1,499,286

  Hospitality

  $1,373,338

  Educational

  $1,142,601

  Medical

  $1,181,897

  Retail

  $1,777,379

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1041

Longitude

-106.707

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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