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Nob Hill Commercial Opportunity
For Sale
$437,500
Pending

4204 Lead Ave SE, Albuquerque, NM 87108

Three office/retail spaces with parking and approved townhome plans.

Property Size4,328 SF
Days on Market281

Property Features for 4204 Lead Ave SE

General Information

Standard status Pending
Size 4,328 SF
Total Parking Spaces 40
Property subtype Office
Zoning MX-L

Amenities

Power
Water
Sewer
Natural Gas
Vacant
40 Parking Spaces
Listing Agency: Berkshire Hathaway NM Commercial Real Estate
Listed By: Thomas Gallegos · License #45240
Source: Carnm.resimplifi
Added: Jan 5 Changed: Oct 11 Last Checked: Oct 12 at 4:44PM

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 Berkshire Hathaway NM Commercial Real Estate

Investment Insights

Based on property information with market context.

This Nob Hill commercial property features three office or retail spaces. Zoned MX-L, the property allows for mixed-use development. The location benefits from high visibility along a corridor with approximately 9,000 vehicles passing daily. The units are in "to be built-out" condition, offering customization potential for owner-users or investors. The property includes 40 on-site parking spaces. Approved plans for townhomes are available, with options for either 9 or 24 units, as detailed in the attached city-approved plans and design documents.

Key Highlights

  • Approved plans for townhomes (9 or 24 units).
  • 40 on‑site parking spaces.
  • High‑visibility location with approximately 9,000 vehicles per day.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Storage Facility Locksmith Plumbing Service Carpet & Flooring Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,517
Businesses Nearby
51k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 53% Shops & Services 47%
Dion's Pizza Dining
15,979 visits/mo 0.4 miles
Circle K Shops & Services
11,307 visits/mo 0.1 miles
El Taco Tote Dining
6,966 visits/mo 0.4 miles
Advance Auto Parts Shops & Services
5,531 visits/mo 0.5 miles
Bank Of Albuquerque - Albuquerque Shops & Services
3,840 visits/mo 0.5 miles

Demographics for 87108, NM

36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Albuquerque, NM

7.8% 2019
8.4% 2020
7.9% 2021
4.8% 2022
4.2% 2023
5.7% 2024
5.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Three office/retail spaces with parking and approved townhome plans.
Where is this retail space located?
The property is located at 4204 Lead Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: Approved plans for townhomes (9 or 24 units).; 40 on‑site parking spaces.; High‑visibility location with approximately 9,000 vehicles per day.
More about this property
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