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 Market568
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) 831-3333
Listed By:
Mark Friedman CCIM
(505) 250-5796
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 6
Last Checked: Oct 5 at 8:41PM
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 / Yr
$106,731
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
24,778 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
313k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 24%
Dining 21%
Groceries 20%
Shops & Services 16%
Lowe's
Home Improvements & Furnishings
52,510 visits/mo
0.5 miles
Albertsons
Groceries
33,161 visits/mo
0.3 miles
Ross Dress for Less
Apparel
31,184 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
29,273 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
23,821 visits/mo
0.1 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
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
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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
