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    High Visibility Retail Opportunity Title is generated by Realmo AI

    5113 Lomas Blvd NE, Albuquerque, NM

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    Two buildings on a corner lot with fenced parking.

    Type:RETAIL
    Property size:
    4,800 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $260/SF
    Added:
    May 14, 2025
    Days on Market:
    398
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 5113 Lomas Blvd NE

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Lot size
    0.39 Acres
    Property subtype
    RETAIL

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    Listing Contact
    James V Pitts

    Listing agent James V Pitts License #20825

    Listing office BHHS - New Mexico Properties | Albuquerque

    Listing date May 14, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of BHHS - New Mexico Properties | Albuquerque

    HighLights

    • High visibility location on a .56 acre corner lot.
    • High traffic count ensures exposure.
    • Fenced and paved parking available.
    • Approximately 4800sf total, offering ample space.
    • Two 2400sf buildings.

    Overview

    This property features a high-visibility location on a .56-acre corner lot. It includes two buildings, each with approximately 2400 square feet, totaling 4800 square feet. The property benefits from fenced and paved parking and high traffic count.

    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 $106.6k $22.20
    − Vacancy −$8.0k −$1.67
    EGI $98.6k $20.54
    − OpEx −$29.6k −$6.16
    NOI $69.0k $14.37
    4,800 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $985.7K
    $862.5K – $1.15M (±1% cap)
    NOI $68,998 @ 7.0% cap · market cap 5.52%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.02M – $1.35M (±1% cap)
    NOI $81,285 @ 7.0% cap · market cap 6.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heffron Auto Sales Car Dealership UNIQUE MOTOR SPORTS Car Dealership n line trailers ... Car Dealership

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    • Live Flowers by Ansely The Flower Guy — 1101 Cardenas Dr NE #102, Albuquerque, NM 87110

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.588
    Latitude
    35.0878

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    FAQs

    What type of property is this?
    Storefront property - Two buildings on a corner lot with fenced parking.
    Where is this storefront property located?
    The property is located at 5113 Lomas Blvd NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High visibility location on a .56 acre corner lot.; High traffic count ensures exposure.; Fenced and paved parking available.
    (505) 280-4780 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James V Pitts
    Real Estate License ID: 20825
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