Versatile Retail Building
For Sale
$699,995
2117 Menaul Blvd NE, Albuquerque, NM 87107
Well-maintained 3,820 SF retail building constructed in 1965, zoned NR-LM for flexible use.
Property Size3,820 SF
Price / SF$183.24
Days on Market193
Property Features for 2117 Menaul Blvd NE
General Information
Standard status
Active
Size
3,820 SF
Property subtype
Investment
Zoning
NR-LM
Amenities
Power
Water
Sewer
Building Details
Year Built
1965
Listing Agency:
SVN / Walt Arnold Commercial Brokerage, Inc.
Listed By:
Walt Arnold · License #9117
(505) 269-9358
Source:
Carnm.resimplifi
Added: Apr 14
Changed: Oct 19
Last Checked: Oct 20 at 5:14PM
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 SVN / Walt Arnold Commercial Brokerage, Inc.
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Investment Insights
Based on property information with market context.
This well-maintained retail building was constructed in 1965 and offers a total of 3,820 SF. The property is described as having flexible use options, supported by its NR-LM zoning designation.
The asset is located at 2117 MENAUL BLVD NE in Albuquerque, New Mexico. The current information highlights the building’s zoning flexibility as a key factor for retailers evaluating the location.
For buyers seeking a smaller-format retail asset, this property provides a straightforward retail footprint with NR-LM zoning intended to accommodate a range of retail uses.
The asset is located at 2117 MENAUL BLVD NE in Albuquerque, New Mexico. The current information highlights the building’s zoning flexibility as a key factor for retailers evaluating the location.
For buyers seeking a smaller-format retail asset, this property provides a straightforward retail footprint with NR-LM zoning intended to accommodate a range of retail uses.
Key Highlights
- Well‑maintained 3,820 SF retail building constructed in 1965
- Zoned NR‑LM, offering flexibility for various retail uses
- Retail investment property in Albuquerque
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,911
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,220
$1.1M
Cap Rate 7%
$784,443
$784.4K
Cap Rate 9%
$610,122
$610.1K
Market Conditions
NOI Build-Up for 3,820 SF
Gross rent
$84.8K $22.20/SF
− Vacancy
−$6.4K −$1.67/SF
EGI
$78.4K $20.54/SF
− OpEx
−$23.5K −$6.16/SF
NOI
$54.9K $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%
$1,098,220
Cap Rate 7%
$784,443
Cap Rate 9%
$610,122
Alternative Uses
Best Use
Retail
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$924.1K
$808.6K – $1.08M
NOI $64,689 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Hotels & Casinos 27%
Dining 16%
Home Improvements & Furnishings 5%
Maverik Adventures First Stop
Shops & Services
17,582 visits/mo
0.3 miles
Circle K
Shops & Services
11,531 visits/mo
0.2 miles
Applebee's
Dining
10,326 visits/mo
0.4 miles
Crowne Plaza Albuquerque
Hotels & Casinos
6,777 visits/mo
0.3 miles
Shell
Shops & Services
4,950 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained 3,820 SF retail building constructed in 1965, zoned NR-LM for flexible use.
Where is this retail space located?
The property is located at 2117 Menaul Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Well‑maintained 3,820 SF retail building constructed in 1965; Zoned NR‑LM, offering flexibility for various retail uses; Retail investment property in Albuquerque
