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    3703 Ellison Rd NW Albuquerque, NM 87114

    For Lease
    $27 SF/Yr ($2,884 /Mo)

    Retail space in a high-traffic regional trade area.

    Property size:
    1,282 SF
    Lot size:
    0.48 Acres

    Property Features for 3703 Ellison Rd NW

    General Information

    Size
    1,282 SF
    Lot size
    0.48 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 Regional Trade Area

    This retail property, encompassing 1282 square feet, is situated within a regional trade area that includes over 4 million square feet of retail and restaurant space. The location benefits from a substantial trade area, drawing from a population of over 173,000 within a 5-mile radius. The property offers convenient 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 is currently planned.
    Insight Report Location Intelligence

    Current Use by Public Records

    Cold Stone Creamery Ice Cream Shop

    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
    -106.653178
    Latitude
    35.20919

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    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-traffic regional trade area.
    Where is this shopping center located?
    The property is located at 3703 Ellison Rd NW Albuquerque, NM.
    What is the lease rate?
    The lease rate is $27 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); - Major renovation planned by Simon CRE
    (505) 507-3283
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    3703 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
    3703 Ellison Rd NW Albuquerque, NM 87114
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