High-Visibility Retail
11807 NM 337 Tijeras, NM 87059
11807 NM 337, Tijeras, NM, 87059
$1,350,000
For Sale
$1,350,000
SINGLE_FAMILY - Tijeras, NM
Property Size4,468 SF
Lot Size1.00 Acre
Price / SF$302.15
Days on Market1022
Property Features for 11807 NM 337
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 36
- Security features
- Security
- Standard status
- Active
- APN
- 102805736226010101
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- LEGAL DESCRIPTION: FOR PARCEL BA CERTAIN TRACT OF LAND SITUATED WTHIN THE CANON DE CANUE GRANT, PROJECTED SECTION 22. TOWNSHIP 10 NORTH, RANGE 5 EAST OF TIJERAS, BERNALILLO COUNTY, NEW MEXICO BEING MORE DESCRIBED TRACT, BEING A POINT ON THE WESTERLY LINE OF NEW MEXICO STATE ROAD NO. 337, WHENCE THE NORTHWEST CORNER OF LOT NUMBERED ONE (1)OF THE SANDRA ADDITION, AS FILED IN THE OFFICE OF THE COUNTY CLERK OF BERNALILLO COUNTY, NEW MEXICO ON SEPTEMBER 10, 1946 IN VOLUME C1, FOLIO 186 BEARS S 422
- Tax Annual Amount
- 3321
Utilities
- Heating system
- Natural Gas
Building Details
- Floors in Building
- 1
- Building materials
- Frame
Listing Agency
Berkshire Hathaway NM Prop
(505) 798-6300
6711 Academy Rd Ste B, Albuquerque, NM
Listed by
Jacob E Lopez · License #50903
(505) 328-5156
Added: Sep 30, 2023 Checked: Jul 17 at 5:06 pm
MLS# 1107460
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2020, this retail building offers an ADA-compliant buildout and a turn-key interior suitable for retail use. The property includes 3-phase electricity, a dual HVAC system, and power to a future monument sign. Site improvements include a built-out turn lane for ingress/egress and 36 parking spaces on approximately 1 frontage acre.
The building has frontage on NM Highway 337 with reported visibility and significant traffic exposure of 64,000 vehicles per day. It is also less than a mile from Interstate I-40, supporting convenient access for customers and deliveries. The property is zoned CB.
For sale as a single retail structure with dedicated parking, utilities, and highway frontage, this asset is positioned for continued retail development along the NM 337 corridor.
The building has frontage on NM Highway 337 with reported visibility and significant traffic exposure of 64,000 vehicles per day. It is also less than a mile from Interstate I-40, supporting convenient access for customers and deliveries. The property is zoned CB.
For sale as a single retail structure with dedicated parking, utilities, and highway frontage, this asset is positioned for continued retail development along the NM 337 corridor.
Key Highlights
- 4468 SF retail building built in 2020 with frame construction
- Located on NM Highway 337 with 64,000 VPD and less than 1 mile from I‑40
- Situated on a 1‑acre site with 36 parking spaces plus a built‑out turn lane for ingress/egress
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.4k | $18.00 |
| − Vacancy | −$3.5k | −$0.77 |
| EGI | $77.0k | $17.23 |
| − OpEx | −$23.1k | −$5.17 |
| NOI | $53.9k | $12.06 |
4,468 SF · lease $18.00/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$769.7K
$673.5K – $897.9K
NOI $53,876 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,100 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Constructed in 2020, the retail building offers ADA-compliant access, 36 parking spaces, and frontage along NM Highway 337.
Where is this retail space located?
The property is located at 11807 NM 337 Tijeras, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4468 SF retail building built in 2020 with frame construction; Located on NM Highway 337 with 64,000 VPD and less than 1 mile from I‑40; Situated on a 1‑acre site with 36 parking spaces plus a built‑out turn lane for ingress/egress
