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Property profile & analytics
FOR LEASE
Retail space

2529 San Mateo Blvd NE Albuquerque, NM 87110

9,120 SF 0.74 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US61-0228662
Property summary
AI-generated overview

This exceptional retail opportunity features two available spaces, totaling 9,120 square feet, within a modern shopping center in Albuquerque's bustling San Mateo & Menaul area. Each space offers generous square footage, ranging from 1,700 to 1,995 square feet, ideal for a variety of retail uses, including cannabis dispensaries, given the MX-M zoning. The property boasts unparalleled visibility thanks to high-visibility pylon signage and its prime corner location at the intersection of San Mateo and Menaul Boulevards. This high-traffic area sees an impressive 60,150 cars daily, ensuring maximum exposure for your business. Convenient access from San Mateo Boulevard and ample parking further enhance the property's appeal. The building is situated seconds from Interstate 40, providing easy access for customers and employees. This is a rare chance to secure a highly visible and strategically located retail space in a thriving commercial corridor. The multiple tenancy allows for flexibility and potential for synergistic businesses. The property is located in Bernalillo County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 9,120 SF
Lot 0.74 ac (32,104 SF)
APN 1-017-059-521-249-4-15-11
UPID US61-0228662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
  • CPR Cell Phone Repair Albuquerque - San Mateo Electronics & Wireless Store Computer & Electronic Repair
  • Aaca Ventures Inc Check Cashing
  • Bhang/Derived Powered by Prohibition 37 (P37) (Bike/Boat/Book/etc) Store
  • Nirvana Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$505k
Owner & transaction history
Lesard Enterprises · 7 yrs held
Lesard Enterprises
since 2019
3 recorded transactions
2024
Price N/A
2019
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $805,000 +16.8%
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