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    5823 Lomas Blvd NE Albuquerque, NM 87110

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    For Sale
    $609,500

    Retail property with potential for various business uses.

    Property size:
    5,300 SF
    Lot size:
    0.30 Acres

    Property Features for 5823 Lomas Blvd NE

    General Information

    Size
    5,300 SF
    Lot size
    0.30 Acres

    Source: Colliers | Albuquerque Agent Keith Bandoni CCIM SIOR

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

    Overview

    Retail Space on Lomas Boulevard

    This 5,300 square foot retail property is well-positioned on Lomas Boulevard, between San Mateo and San Pedro, offering easy access to both Uptown and Downtown Albuquerque. The property is within walking distance of a Smith’s-anchored center. Access to the property is available via an alleyway to the north. The property benefits from existing pole signage. According to the listing, potential uses include retail, a laundromat, or a restaurant. A new residential development is planned to the north of the property. The current tenant is operating on a month-to-month basis.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Specialty Shop Baking Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5808751
    Latitude
    35.0876563

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    FAQs

    What type of property is this?
    Retail space - Retail property with potential for various business uses.
    Where is this retail space located?
    The property is located at 5823 Lomas Blvd NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $609,500.
    What are key features of this property?
    This property features: - Well positioned on Lomas Blvd between San Mateo and San Pedro; - Easy access to both Uptown and Downtown; - Great use for retail, laundromat, or potential restaurant
    (505) 550-3401
    Request Owner's contact information
    5823 Lomas Blvd NE Albuquerque, NM 87110
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    Albuquerque, NM 87110
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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
    5823 Lomas Blvd NE Albuquerque, NM 87110
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