Multi-Tenant Retail Strip
1301 San Mateo Boulevard NE Unit 01-11b Albuquerque, NM 87110
1301 San Mateo Boulevard NE Unit 01-11b, Albuquerque, NM, 87110
$1,900,000
For Sale
$1,900,000
Seven retail units total about 8,155 square feet, offering flexible space for investors or owner-occupants.
Property Size8,155 SF
Price / SF$232.99
Days on Market122
Property Features for 1301 San Mateo Boulevard NE Unit 01-11b
General Information
- Standard status
- Active
- Size
- 8,155 SF
- Property subtype
- Retail
Listing agency
LPT Realty
(505) 804-2139
Listed by
Silesha Montano Naden · License #42168
(505) 804-2139
Source
Xome
Added: Mar 23 Updated: Jul 21 at 6:19AM Checked: Jul 22 at 3:52AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center includes seven separate units, totaling approximately 8,155 square feet. The offering includes Unit 1301 (1,261 SF), Unit 1303 (1,001 SF), Unit 1305 (943 SF), Unit 1307 (953 SF), Unit 1309 (966 SF), Unit 1311 (1,832 SF), and Unit 1311B (1,515 SF). Each unit is described as having functional layouts suitable for a variety of commercial uses.
The property is located along San Mateo Blvd NE in Albuquerque and is positioned in a high-visibility corridor.
Owner financing is available. The unit mix supports buyers looking for supplemental rental income through a diversified multi-tenant configuration.
The property is located along San Mateo Blvd NE in Albuquerque and is positioned in a high-visibility corridor.
Owner financing is available. The unit mix supports buyers looking for supplemental rental income through a diversified multi-tenant configuration.
Key Highlights
- Multi‑tenant commercial property with seven retail units totaling approximately 8,155 SF
- Unit mix includes 1,261 SF, 1,001 SF, 943 SF, 953 SF, 966 SF, 1,832 SF, and 1,515 SF units
- Evaporative cooling on the property
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 | $181.0k | $22.20 |
| − Vacancy | −$13.6k | −$1.67 |
| EGI | $167.5k | $20.54 |
| − OpEx | −$50.2k | −$6.16 |
| NOI | $117.2k | $14.37 |
8,155 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.47M – $1.95M
NOI $117,224 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,100 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Flor Dispensary
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Seven retail units total about 8,155 square feet, offering flexible space for investors or owner-occupants.
Where is this strip mall located?
The property is located at 1301 San Mateo Boulevard NE Unit 01-11b Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Multi‑tenant commercial property with seven retail units totaling approximately 8,155 SF; Unit mix includes 1,261 SF, 1,001 SF, 943 SF, 953 SF, 966 SF, 1,832 SF, and 1,515 SF units; Evaporative cooling on the property
