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Ground-Level Retail Suites
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3525 4th St NW, Albuquerque, NM 87107

Four ground-level retail suites are delivered in shell condition with a tenant improvement allowance.

Property Size2,468 SF
Days on Market849

Property Features for 3525 4th St NW

General Information

Standard status Active
Size 2,468 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Floor Ground
Space Use Retail

Amenities

patio

Building Details

Tenancy Multi
Listing Agency: RESOLUT RE
Listed By: Jeremy Salazar · License ##49789AB
Source: Moodyscre
Added: Apr 3, 2024 Changed: Jul 29 Last Checked: Jul 30 at 12:18PM

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.

The property offers four ground-level retail suites, each finished to shell condition. A tenant improvement allowance is available to support fit-out needs, and patio space is also available for eligible tenants.

The retail component is part of a larger residential community that includes 61 apartment units, 21 townhomes, and four live/work units. Amenities at the site include a playground and a dog park. The property is adjacent to the Cerca retail development, with delivery anticipated in Q2 2024.

For tenants seeking a ground-level retail presence within a mixed-use setting, this configuration provides multiple suite options in a planned development environment, with flexibility supported by the stated tenant improvement allowance.

Key Highlights

  • Four ground‑level retail suites delivered in shell condition
  • Tenant improvement allowance provided for the retail suites
  • Patio space available

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Accounting Firm Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby

Demographics for 87107, NM

30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$28.12 /SF/Yr
Avg Asking Price
$8.85–$216 /SF/Yr
Price Range
12,809 SF
Avg Space Size

This space is priced 8% below the average of $28.12 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Four ground-level retail suites are delivered in shell condition with a tenant improvement allowance.
Where is this retail space located?
The property is located at 3525 4th St NW Albuquerque, NM.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Four ground‑level retail suites delivered in shell condition; Tenant improvement allowance provided for the retail suites; Patio space available
(505) 859-2975 Call to check price and availability
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