Mixed-Use Property with Five
For Sale
$600,000
3848 Rio Grande Boulevard NW, Albuquerque, NM 87107
CommercialSale, Albuquerque, NM
Property SizeContact for details
Lot Size0.21 Acres
Days on Market25
Property Features for 3848 Rio Grande Boulevard NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-M*
Parking
11
Parking features
Guest
Directions
Property is located on the SE corner of Rio Grande Blvd NW and Griegos Rd NW and includes all units in 3846 and 3848
Subdivision
101 - Near North Valley
Standard status
Active
APN
101306117719530807
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
5832
Utilities
Heating system
Natural Gas
Cooling system
Ductless
Building Details
Floors in Building
1
Building materials
Adobe, Frame, Stucco
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Peace of the Planet Properties
(505) 269-4584
Added: Sep 29
Changed: Oct 22
Last Checked: Oct 23 at 1:06AM
MLS# 1112914
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.
Two buildings at 3848 Rio Grande Boulevard NW contain five suites on a 0.21-acre corner parcel. Three suites at 3846 are leased through 2027, while the two suites at 3848 are vacant. The property has natural gas heating, ductless cooling, and guest parking.
The corner is at Rio Grande Boulevard and Griegos Road, near Rio Grande Shops at Flying Star Plaza. MX-M zoning supports a range of potential uses, subject to applicable requirements and approvals.
After the relevant lease expires, Suite A could be configured as a two-bedroom, one-bath residence with a full kitchen, dining area, and living room. Connecting Suite B internally could allow a three-bedroom, two-bath layout with an additional living or work area, subject to required approvals.
The corner is at Rio Grande Boulevard and Griegos Road, near Rio Grande Shops at Flying Star Plaza. MX-M zoning supports a range of potential uses, subject to applicable requirements and approvals.
After the relevant lease expires, Suite A could be configured as a two-bedroom, one-bath residence with a full kitchen, dining area, and living room. Connecting Suite B internally could allow a three-bedroom, two-bath layout with an additional living or work area, subject to required approvals.
Key Highlights
- Two buildings with five suites on a 0.21‑acre corner parcel
- Three suites at 3846 are leased through 2027
- Two vacant suites at 3848
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-M zoning allows a range of potential uses, subject to applicable requirements and approvals.
Where is this mixed-use property located?
The property is located at 3848 Rio Grande Boulevard NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two buildings with five suites on a 0.21‑acre corner parcel; Three suites at 3846 are leased through 2027; Two vacant suites at 3848
