Seven-Unit Retail Strip
For Sale
$1,700,000
1301 San Mateo Boulevard NE, Albuquerque, NM 87110
Commercial Sale, Albuquerque, NM
Property Size8,155 SF
Lot Size0.30 Acres
Price / SF$208.46
Days on Market218
Property Features for 1301 San Mateo Boulevard NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
ABQ City
Parking
15
Directions
From I-40, take the San Mateo Blvd NE exit. Head north on San Mateo Blvd NE for approximately 1.5 miles. Property will be on the right-hand side.
Subdivision
40 - UNM
Standard status
Active
APN
101705852110641608
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
A 008Pueblo Alto B,C & D
Tax Annual Amount
6021
Legal Description
A 008Pueblo Alto B,C & D
Building Details
Floors in Building
1
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Silesha Montano Naden · License #42168
(505) 804-2139
Added: Mar 31
Changed: Oct 30
Last Checked: Nov 3 at 1:06AM
MLS# 1113320
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail property contains seven separate commercial units in a multi-tenant configuration. The individual spaces have functional layouts suited to a range of commercial uses.
The property is located at 1301 San Mateo Boulevard NE in Albuquerque, New Mexico. It occupies a 0.3-acre site and carries the ABQ City zoning designation.
The property is located at 1301 San Mateo Boulevard NE in Albuquerque, New Mexico. It occupies a 0.3-acre site and carries the ABQ City zoning designation.
Key Highlights
- Seven separate commercial units
- 0.3‑acre site
- Located at 1301 San Mateo Boulevard NE, Albuquerque, NM 87110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,224
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,480
$2.3M
Cap Rate 7%
$1,674,629
$1.7M
Cap Rate 9%
$1,302,489
$1.3M
Market Conditions
NOI Build-Up for 8,155 SF
Gross rent
$181.0K $22.20/SF
− Vacancy
−$13.6K −$1.67/SF
EGI
$167.5K $20.54/SF
− OpEx
−$50.2K −$6.16/SF
NOI
$117.2K $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%
$2,344,480
Cap Rate 7%
$1,674,629
Cap Rate 9%
$1,302,489
Alternative Uses
Best Use
Retail
$1.67M
$1.47M – $1.95M
NOI $117,224 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,100 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 20%
Dining 20%
Home Improvements & Furnishings 7%
Smith's
Groceries
42,932 visits/mo
0.5 miles
Sprouts Farmers Market
Groceries
20,894 visits/mo
0.2 miles
Starbucks
Dining
12,568 visits/mo
0.5 miles
Taco Bell
Dining
9,430 visits/mo
0.1 miles
Dollar General
Shops & Services
8,745 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Strip mall - Seven distinct commercial spaces create a multi-tenant configuration on San Mateo Boulevard NE.
Where is this strip mall located?
The property is located at 1301 San Mateo Boulevard NE 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 separate commercial units; 0.3‑acre site; Located at 1301 San Mateo Boulevard NE, Albuquerque, NM 87110
