Retail
1309 San Mateo Boulevard NE, Albuquerque, NM 87110
For Sale
Contact for pricing
Located on San Mateo Boulevard NE in Albuquerque.
Property Size3,000 SF
Price / SF$0.48
Days on Market70
Property Features for 1309 San Mateo Boulevard NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Silesha Montano Naden · License NM #42168
(505) 804-2139
Source:
1stclassrealtyofsantafe
Added: Sep 2
Changed: Nov 9
Last Checked: Nov 10 at 6:27AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is at 1309 San Mateo Boulevard NE in Albuquerque, New Mexico 87110.
Key Highlights
- 1309 San Mateo Boulevard NE, Albuquerque, NM 87110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,124
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,480
$862.5K
Cap Rate 7%
$616,057
$616.1K
Cap Rate 9%
$479,156
$479.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$61.6K $20.54/SF
− OpEx
−$18.5K −$6.16/SF
NOI
$43.1K $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%
$862,480
Cap Rate 7%
$616,057
Cap Rate 9%
$479,156
Alternative Uses
Best Use
Retail
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap
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
Open Analytics
Current Use
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
$251,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Albuquerque, NM
Properties on Market for Retail space in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Retail space - Located on San Mateo Boulevard NE in Albuquerque.
Where is this retail space located?
The property is located at 1309 San Mateo Boulevard NE Albuquerque, NM.
What are key features of this property?
This property features: 1309 San Mateo Boulevard NE, Albuquerque, NM 87110
