Retail Building on Juan
For Sale
Contact for pricing
2430 Juan Tabo Blvd NE, Albuquerque, NM 87112
7,425 SF retail building in high-traffic location for sale.
Property Size7,425 SF
Price / SF$181.82
Days on Market705
Property Features for 2430 Juan Tabo Blvd NE
General Information
Standard status
Active
Size
7,425 SF
Property subtype
Mixed Use, Retail
Zoning
MX-L
Building Details
Buildings
1
Stories
2
Units
2
Listing Agency:
Johnson Commercial Real Estate
(505) 353-2055
Listed By:
Mark Friedman · License #NM 35421AB
Source:
Crexi
Added: Sep 18, 2024
Changed: Aug 16
Last Checked: Aug 22 at 12:28PM
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 7,425 square foot retail building is located on Juan Tabo Boulevard, just north of Menaul, in a high-traffic area. The property is zoned MX-L, allowing for mixed-use development. It features an open floor plan and ample parking. Situated adjacent to retailers such as Walmart Neighborhood Market, Lowe's, and Albertsons, the location benefits from an average daily traffic count of approximately 24,778 vehicles. The building is suitable for various business needs. Both units are currently vacant, offering the flexibility to occupy one side while leasing the other, or to combine them.
Key Highlights
- High‑traffic location on Juan Tabo near Menaul with 24,778± average daily traffic count.
- Versatile MX‑L zoning allows for mixed‑use development.
- 7,425± SF retail building priced at $1,350,000 ($181.82/SF).
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
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,214 @ 7.0% cap · market cap 6.68%
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 7,425 SF retail building in high-traffic location for sale.
Where is this mixed-use property 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: High‑traffic location on Juan Tabo near Menaul with 24,778± average daily traffic count.; Versatile MX‑L zoning allows for mixed‑use development.; 7,425± SF retail building priced at $1,350,000 ($181.82/SF).
