Commercial Real Estate in Albuquerque
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Reonomy attracts a large community of Albuquerque commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
Albuquerque commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Arizona||Albuquerque|
|Average sold price||$1,037,796||$4,106,849||--|
|Median sold price||$196,968||$250,116||--|
|Number of sales||3,594,235||125,721||--|
|Number of sales over $250k||1,522,457||63,051||--|
|Number of sales over $1m||344,082||22,888||--|
|Number of sales over $10m||46,755||4,003||--|
|Average total tax amount||$7,065||$2,777||--|
|Average assessed value||$252,208||$31,764||--|
|Average market value||$356,366||$218,297||--|
Albuquerque commercial real estate property averages
|Property averages||United States||Arizona||Albuquerque|
|Average lot size||816,546 sf||498,282 sf||6,969,600 sf|
|Median lot size||24,481 sf||27,197 sf||6,969,600 sf|
|Average building area||1,078 sf||1,401 sf||--|
|Median building area||77 sf||105 sf||--|
|Median year built||1970||1986||1950|
|Average number of units||16||64||--|
|Median number of units||2||4||--|
Albuquerque commercial real estate total supply
|Number of parcels||58,466,290||1,148,111||--|
|Aggregate lot acerage||1,006,250,046||12,426,862||160|
|Aggregate building area||8,055,341,670 sf||217,807,653 sf||--|
Albuquerque commercial real estate industrial mortgages
|Number of mortgages||41,925,990||1,047,017||--|
|Average value of mortgages||$5,197,811||$9,214,440||--|