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    491 Neq I-40 & Nm Hwy Gallup, NM

    For Lease
    $10 SF/Yr

    High-traffic shopping center anchored by a major grocery store.

    Property size:
    28,000 SF
    Lot size:
    0.10 Acres

    Property Features for 491 Neq I-40 & Nm Hwy

    General Information

    Size
    28,000 SF
    Lot size
    0.10 Acres

    Source: CBRE | Albuquerque Agent Jim P Dountas

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

    Overview

    Grocery Anchored Shopping Center

    This high-volume shopping center is anchored by a grocery store and situated at a major Interstate 40 location. The property benefits from multiple full access points and excellent visibility. A mix of neighboring businesses, ranging from grocery stores to fast-food restaurants, significantly drives consumer traffic. Traffic counts indicate 29,296 vehicles per day on Interstate 40 and 20,307 vehicles per day on NM Hwy 491. While nearly 72,000 people reside in McKinley County, Gallup’s trade area serves over 120,000 people, including residents from surrounding reservations and communities. The property offers 28,000 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.7425843
    Latitude
    35.5280783

    Nearby Similar for Lease

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      Gallup Office Warehouse with Parking

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      Retail Space in Gallup Center

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      Retail Space Next to Pizza

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    FAQs

    What type of property is this?
    Shopping center - High-traffic shopping center anchored by a major grocery store.
    Where is this shopping center located?
    The property is located at 491 Neq I-40 & Nm Hwy Gallup, NM.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High-volume grocery anchored shopping center.; - Located at a major Interstate 40 location.; - Significant consumer traffic driven by diverse neighboring businesses.
    (505) 228-5771
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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
    491 Neq I-40 & Nm Hwy Gallup, NM
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