2430 Juan Tabo Blvd NE, Albuquerque, NM 87112
7,425 SF retail building in high-traffic location for sale.
- Added:
- Sep 18, 2024
- Days on Market:
- 659
- Last Refresh:
- Jul 2 at 9:18 am
Property Features for 2430 Juan Tabo Blvd NE
General Information
- Standard status
- Active
- Size
- 7,425 SF
- Property subtype
- Mixed Use, Retail
Listing office Johnson Commercial Real Estate (505) 353-2055
Listing date Sep 18, 2024
Source Crexi
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
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).
- Abundant parking available.
- Adjacent to popular retailers: Walmart Neighborhood Market, Lowe's, and Albertsons.
- Both units are currently vacant, offering flexible occupancy options (occupy/lease or combine).
Overview
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 | $164.8k | $22.20 |
| − Vacancy | −$12.4k | −$1.67 |
| EGI | $152.5k | $20.54 |
| − OpEx | −$45.7k | −$6.16 |
| NOI | $106.7k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5150868
- Latitude
- 35.1101024