Freestanding Storefront
For Sale
$450,000
1214 Juan Tabo Blvd NE, Albuquerque, NM 87112
Open-plan commercial space with ADA access, private parking, and a fenced rear yard.
Property Size2,304 SF
Price / SF$195.31
Days on Market287
Property Features for 1214 Juan Tabo Blvd NE
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
11
Property subtype
Retail
Zoning
MX-L
Site & Location
Corner Location
Yes
Traffic Count
25,000 vehicles/day
Amenities
ADA-compliant restroom
ADA-compliant ramp
fenced yard
basement storage
open floor plan
prominent building signage
Building Details
Year Built
1983
Buildings
1
Listing Agency:
RESOLUT RE
Listed By:
Remsa Troy
(505) 337-0777
Source:
Carnm.resimplifi
Added: Jan 1
Changed: Oct 8
Last Checked: Oct 14 at 7:48PM
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 RESOLUT RE
Investment Insights
Based on property information with market context.
This freestanding 2,304 SF building offers an open interior configuration suited to retail, office, or service-oriented operations. Improvements include an ADA-compliant restroom, an exterior ADA ramp, stairs, prominent building signage, and additional basement storage. Eleven private parking spaces are positioned alongside and in front of the building, while a fenced rear yard provides secured outdoor space for storage, deliveries, or other supported uses.
The property fronts Juan Tabo Blvd NE at the southeast corner of Constitution and Juan Tabo in Albuquerque’s Northeast Heights submarket. Juan Tabo carries exposure to more than 25,000 vehicles per day and serves as a commuter route connecting surrounding neighborhoods with Sandia National Laboratories and Kirtland Air Force Base. The site is within two miles of four schools and near Dutch Bros, Domino’s, Champion Xpress Car Wash, Chuze Fitness, El Pollo Loco, and Popeyes. Zoning is MX-L, and the building was constructed in 1983.
The property fronts Juan Tabo Blvd NE at the southeast corner of Constitution and Juan Tabo in Albuquerque’s Northeast Heights submarket. Juan Tabo carries exposure to more than 25,000 vehicles per day and serves as a commuter route connecting surrounding neighborhoods with Sandia National Laboratories and Kirtland Air Force Base. The site is within two miles of four schools and near Dutch Bros, Domino’s, Champion Xpress Car Wash, Chuze Fitness, El Pollo Loco, and Popeyes. Zoning is MX-L, and the building was constructed in 1983.
Key Highlights
- 2,304 SF freestanding building on Juan Tabo Blvd NE
- Exposure to over 25,000 vehicles per day
- 11 private parking spaces alongside and in front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,119
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
$662.4K
Cap Rate 7%
$473,129
$473.1K
Cap Rate 9%
$367,989
$368.0K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$47.3K $20.54/SF
− OpEx
−$14.2K −$6.16/SF
NOI
$33.1K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
Cap Rate 7%
$473,129
Cap Rate 9%
$367,989
Alternative Uses
Best Use
Retail
$473.1K
$414.0K – $552.0K
NOI $33,119 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.4K
$487.7K – $650.3K
NOI $39,017 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
227k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Groceries 19%
Albertsons
Groceries
43,500 visits/mo
0.3 miles
McDonald's
Dining
33,385 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
23,833 visits/mo
0.1 miles
Burger King
Dining
17,029 visits/mo
0.4 miles
Taco Bell
Dining
16,712 visits/mo
0.3 miles
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with ADA access, private parking, and a fenced rear yard.
Where is this storefront property located?
The property is located at 1214 Juan Tabo Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,304 SF freestanding building on Juan Tabo Blvd NE; Exposure to over 25,000 vehicles per day; 11 private parking spaces alongside and in front of the building
