Retail Space with Open Floor
For Sale
Contact for pricing
2430 Juan Tabo Blvd NE, Albuquerque, NM 87112
Both retail units are vacant with abundant parking near Walmart Neighborhood Market and other national retailers.
Property Size7,425 SF
Price / SF$181.82
Days on Market509
Property Features for 2430 Juan Tabo Blvd NE
General Information
Standard status
Active
Size
7,425 SF
Property subtype
RETAIL
Additional Details
Traffic Count
24,778 vehicles/day
Listing Agency:
Johnson Commercial Real Estate
(505) 250-5796
Listed By:
Mark Friedman CCIM · License #48551
(505) 250-5796
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 30
Last Checked: Jul 30 at 1:08PM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail space totals 7,425 SF and features an open floor plan designed for flexible tenant layouts. The property includes abundant parking and both units are currently vacant, creating an opportunity for a user to occupy one unit while leasing out the other.
Located at 2430 Juan Tabo Blvd NE in Albuquerque, NM, the center sits adjacent to major national retailers, including Walmart Neighborhood Market, Lowes, and Albertsons. Visibility is supported by an average daily traffic count of 24,778±, helping drive walk-in and pass-by potential for suitable retail concepts.
With ample on-site parking and a straightforward open interior, the property is positioned for retail operators looking for a multi-unit setup that can be managed as a single operation or split between different uses.
Located at 2430 Juan Tabo Blvd NE in Albuquerque, NM, the center sits adjacent to major national retailers, including Walmart Neighborhood Market, Lowes, and Albertsons. Visibility is supported by an average daily traffic count of 24,778±, helping drive walk-in and pass-by potential for suitable retail concepts.
With ample on-site parking and a straightforward open interior, the property is positioned for retail operators looking for a multi-unit setup that can be managed as a single operation or split between different uses.
Key Highlights
- 7,425 SF retail space with an open floor plan
- Both units are vacant
- Abundant parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,731
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,134,620
$2.1M
Cap Rate 7%
$1,524,729
$1.5M
Cap Rate 9%
$1,185,900
$1.2M
Market Conditions
NOI Build-Up for 7,425 SF
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.
Gross rent
$164.8K $22.20/SF
− Vacancy
−$12.4K −$1.67/SF
EGI
$152.5K $20.54/SF
− OpEx
−$45.7K −$6.16/SF
NOI
$106.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,134,620
Cap Rate 7%
$1,524,729
Cap Rate 9%
$1,185,900
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,731 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,738 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24,778 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
153k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 28%
Shops & Services 24%
Beauty & Spa 1%
Albertsons
Groceries
43,500 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
23,833 visits/mo
0.3 miles
Wendy's
Dining
13,394 visits/mo
0.4 miles
Starbucks
Dining
12,826 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
12,700 visits/mo
0.4 miles
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Both retail units are vacant with abundant parking near Walmart Neighborhood Market and other national retailers.
Where is this retail space located?
The property is located at 2430 Juan Tabo Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7,425 SF retail space with an open floor plan; Both units are vacant; Abundant parking on site
