7-Unit Strip
New
For Sale
$1,700,000
1301 San Mateo Blvd NE #01-11b, Albuquerque, NM 87110
Seven separate commercial spaces provide a multi-tenant configuration along San Mateo Boulevard NE.
Property Size4,984 SF
Price / SF$341.09
Days on Market3
Property Features for 1301 San Mateo Blvd NE #01-11b
General Information
Standard status
Active
Size
4,984 SF
Property subtype
Commercial
Site & Location
Neighborhood
Pkh
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Nov 1
Last Checked: Nov 3 at 5:19AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall contains seven distinct commercial spaces at 1301 San Mateo Blvd NE in Albuquerque. The suite areas are 1,261 square feet, 1,001 square feet, 943 square feet, 953 square feet, 966 square feet, 1,832 square feet, and 1,515 square feet.
The property is located on San Mateo Boulevard NE in Albuquerque, New Mexico.
The property is located on San Mateo Boulevard NE in Albuquerque, New Mexico.
Key Highlights
- Seven individually identified commercial units
- Unit areas: 1,261 SF, 1,001 SF, 943 SF, 953 SF, 966 SF, 1,832 SF, and 1,515 SF
- Located on San Mateo Blvd NE in Albuquerque
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,643
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,860
$1.4M
Cap Rate 7%
$1,023,471
$1.0M
Cap Rate 9%
$796,033
$796.0K
Market Conditions
NOI Build-Up for 4,984 SF
Gross rent
$110.6K $22.20/SF
− Vacancy
−$8.3K −$1.67/SF
EGI
$102.3K $20.54/SF
− OpEx
−$30.7K −$6.16/SF
NOI
$71.6K $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%
$1,432,860
Cap Rate 7%
$1,023,471
Cap Rate 9%
$796,033
Alternative Uses
Best Use
Retail
$1.02M
$895.5K – $1.19M
NOI $71,643 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,401 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
24,416 visits/mo
0.1 miles
SONIC Drive In
Dining
12,118 visits/mo
0.2 miles
Starbucks
Dining
9,002 visits/mo
0.3 miles
Burger King
Dining
7,458 visits/mo
0.2 miles
Taco Bell
Dining
6,845 visits/mo
0.2 miles
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Strip mall - Seven separate commercial spaces provide a multi-tenant configuration along San Mateo Boulevard NE.
Where is this strip mall located?
The property is located at 1301 San Mateo Blvd NE #01-11b Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Seven individually identified commercial units; Unit areas: 1,261 SF, 1,001 SF, 943 SF, 953 SF, 966 SF, 1,832 SF, and 1,515 SF; Located on San Mateo Blvd NE in Albuquerque
