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    3741 Ellison Rd NW Albuquerque, NM 87114

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    For Lease
    $25 SF/Yr ($16,533 /Mo)

    Retail space available in regional trade area.

    Property size:
    7,936 SF
    Lot size:
    19.17 Acres

    Property Features for 3741 Ellison Rd NW

    General Information

    Size
    7,936 SF
    Lot size
    19.17 Acres

    Source: Base 5 Retail Partners Agent David A Chavez

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

    Overview

    Retail Space in Albuquerque, NM

    This retail space is located in a regional trade area featuring over 4 million square feet of retail and restaurants. The location benefits from a large trade area draw, with a population of over 173,000 within a 5-mile radius. The property offers great access from Coors By-Pass, Ellison, and Alameda. Recently signed leases include Sierra Trading (opening in 2026) and a national specialty grocery store (opening in 2027). The property was recently acquired by Simon CRE, and a major renovation of the property is currently planned. The available retail space is 7,936 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Geek Squad Mobile Phone Repair Shop Best Buy Electronics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Sunglass Hut, CAROUSEL ROUND ABOUT CO., Korn Patch Kettle Corn, Inka Gold Art, Cottonwood Mall

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.655256
    Latitude
    35.206363

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in regional trade area.
    Where is this shopping center located?
    The property is located at 3741 Ellison Rd NW Albuquerque, NM.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Upcoming national specialty grocery store (2027 Opening).; - Recently signed lease with Sierra Trading (2026 Opening).; - Located in a regional trade area with over 4M SF of retail and restaurants.
    (505) 507-3283
    Request Owner's contact information
    3741 Ellison Rd NW Albuquerque, NM 87114
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    Albuquerque, NM 87114
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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
    3741 Ellison Rd NW Albuquerque, NM 87114
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