Retail Space with Walled
2833 San Mateo Boulevard NE, Albuquerque, NM 87110
For Sale
$375,000
Commercial Sale, Albuquerque, NM
Property Size1,887 SF
Lot Size0.17 Acres
Price / SF$198.73
Days on Market12
Property Features for 2833 San Mateo Boulevard NE
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
walled yard
gated access
detached storage shed
Building Details
Floors in Building
Listing Agency:
Keller Williams Realty
(505) 897-1100
Listed By:
Anne M Vallejos · License NM #41997
(505) 331-8306
Added: Oct 29
Changed: Nov 9
Last Checked: Nov 9 at 10:06PM
MLS# 1113292
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding retail property contains 1,887 square feet, with exposed timber beams, wood-look floors, and a kitchen with wood cabinetry and tile accents. A TPO roof, stucco exterior, and evaporative coolers were improved in 2022; the sewer line was also replaced to the street. The site includes a walled yard, gated entry, and a separate storage shed. Zoning is listed as ABQ City.
The property fronts San Mateo Boulevard and has access to I-40. Potential configurations include commercial use, live/work, or investment. The seller has expressed interest in staying on as a tenant after the sale.
The property fronts San Mateo Boulevard and has access to I-40. Potential configurations include commercial use, live/work, or investment. The seller has expressed interest in staying on as a tenant after the sale.
Key Highlights
- Freestanding 1,887‑square‑foot retail building
- San Mateo Boulevard frontage with access to I‑40
- Walled yard, gated entry, and detached storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,125
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,500
$542.5K
Cap Rate 7%
$387,500
$387.5K
Cap Rate 9%
$301,389
$301.4K
Market Conditions
NOI Build-Up for 1,887 SF
Gross rent
$41.9K $22.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$38.7K $20.54/SF
− OpEx
−$11.6K −$6.16/SF
NOI
$27.1K $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%
$542,500
Cap Rate 7%
$387,500
Cap Rate 9%
$301,389
Alternative Uses
Best Use
Retail
$387.5K
$339.1K – $452.1K
NOI $27,125 @ 7.0% cap · market cap 7.23%
Second Best
Office B
$358.1K
$313.3K – $417.8K
NOI $25,067 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$456.5K
$399.4K – $532.6K
NOI $31,955 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Albuquerque, NM
Properties on Market for Retail space in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - San Mateo Boulevard frontage and I-40 access complement the property's commercial and live/work possibilities.
Where is this retail space located?
The property is located at 2833 San Mateo Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Freestanding 1,887‑square‑foot retail building; San Mateo Boulevard frontage with access to I‑40; Walled yard, gated entry, and detached storage shed
