Versatile Retail Building
2117 MENAUL BLVD NE Albuquerque, NM 87107
2117 MENAUL BLVD NE, Albuquerque, NM, 87107
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For Sale
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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 Market56
Property Features for 2117 MENAUL BLVD NE
General Information
- Standard status
- Active
- Size
- 3,820 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
SVN | Walt Arnold Commercial Brokerage, Inc.
(505) 256-7573
Listed by
Walt Arnold · License #NM 9117
Source
Crexi
Added: May 28 Updated: Jul 21 at 4:44PM Checked: Jul 21 at 4:44PM
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.
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.8k | $22.20 |
| − Vacancy | −$6.4k | −$1.67 |
| EGI | $78.4k | $20.54 |
| − OpEx | −$23.5k | −$6.16 |
| NOI | $54.9k | $14.37 |
3,820 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New Day Spa
Alternative Medicine Practice
Green Central Station
(Bike/Boat/Book/etc) Store
Health Spa
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
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
