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    1606 Central Ave SE Albuquerque, NM 87106

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    For Lease
    $13 SF/Yr ($3,154 /Mo)

    Retail space with high visibility and reserved parking spaces.

    Property size:
    2,912 SF
    Lot size:
    0.65 Acres

    Property Features for 1606 Central Ave SE

    General Information

    Size
    2,912 SF
    Lot size
    0.65 Acres

    Source: NAI SunVista - Albuquerque Agent Ethan Melvin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Central Avenue Retail Space Available

    This retail space features frontage on Central Avenue, directly across from the University of New Mexico. The location benefits from high visibility, with approximately 21,200 vehicles passing by daily. The property includes approximately 37 reserved parking spaces for the building. Multiple access points are available from Central Avenue. The space has an existing dispensary buildout. It is located one minute from Presbyterian Hospital, the University of New Mexico, and Central New Mexico Community College. The property is close to hundreds of newly-constructed apartments and is situated one-half mile from I-25. The location is on historic Route 66, along the Albuquerque Rapid Transit (ART) route. The property size is 2912 square feet.
    Location Intelligence

    Current Use by Public Records

    Murals by Diaz Artist Sun / Moon Spa Massage Therapist Hand Painted Signs ... Artist D-Tail Hair Studio Hair Salon Viet Kitchen Vietnamese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6286168
    Latitude
    35.0812744

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and reserved parking spaces.
    Where is this retail space located?
    The property is located at 1606 Central Ave SE Albuquerque, NM.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Central Ave. frontage offers **high visibility** across from UNM (±21,200 vehicles per day).; - Existing dispensary buildout is ready for immediate use.; - Benefit from **±37 reserved building parking spaces**.
    (505) 235-9347
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    1606 Central Ave SE Albuquerque, NM 87106
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    Albuquerque, NM 87106
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    Realmo Value Estimation

    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.

    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.

    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
    1606 Central Ave SE Albuquerque, NM 87106
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