NNN Retail
For Sale
$7,250,000
4340 San Mateo Boulevard NE, Albuquerque, NM 87110
Commercial Sale, Albuquerque, NM
Property Size16,104 SF
Lot Size1.24 Acres
Price / SF$450.20
Days on Market187
Property Features for 4340 San Mateo Boulevard NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
ABQ City
Parking
44
Directions
Going East on Montgomery, passing Carlisle, Property is on the SE Corner of San Mateo & Montgomery Intersection.
Subdivision
41 - Uptown
Standard status
Active
APN
101806002051221025
Lot size
1.24 Acres
Additional Details
Tenant in Place
Yes
Corner Location
Yes
Taxes and HOA fees
Tax Description
Tr 1-A Plat Of Tracts 1-A & 1-B Lands Of Earl C. Montgomery A Replat Of Parcel A-1A & Tract 1 Lands Of Earl C. Montgomer
Tax Annual Amount
32129
Legal Description
Tr 1-A Plat Of Tracts 1-A & 1-B Lands Of Earl C. Montgomery A Replat Of Parcel A-1A & Tract 1 Lands Of Earl C. Montgomer
Amenities
monument signage
Building Details
Floors in Building
1
Buildings
2
Listing Agency:
Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
(505) 798-6300
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Added: May 1
Changed: Oct 30
Last Checked: Nov 3 at 2:06AM
MLS# 1103197
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-parcel Albuquerque retail portfolio comprises approximately 16,104 square feet of building area on 1.49 acres. The larger property is a 14,454-square-foot CVS Pharmacy building on 1.24 acres; the tenant is dark but continues to pay rent under a corporate-guaranteed Absolute NNN lease. The second parcel contains a freestanding 1,650-square-foot building leased to In and Out MVD under a personally guaranteed NNN lease with a five-year term, 3% annual rent increases, and a renewal option.
The properties meet at Montgomery Boulevard and San Mateo Boulevard NE, an intersection reported to carry 75,000 to 80,000 vehicles per day. Monument signage is oriented toward southwest- and northwest-bound traffic. The stated zoning designation is ABQ City.
The properties meet at Montgomery Boulevard and San Mateo Boulevard NE, an intersection reported to carry 75,000 to 80,000 vehicles per day. Monument signage is oriented toward southwest- and northwest-bound traffic. The stated zoning designation is ABQ City.
Key Highlights
- Two‑parcel retail portfolio totals approximately 16,104 SF on 1.49 acres
- CVS Pharmacy occupies a 14,454 SF building on 1.24 acres; the dark tenant remains rent‑paying
- CVS lease is corporate‑guaranteed and Absolute NNN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,487
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,629,740
$4.6M
Cap Rate 7%
$3,306,957
$3.3M
Cap Rate 9%
$2,572,078
$2.6M
Market Conditions
NOI Build-Up for 16,104 SF
Gross rent
$357.5K $22.20/SF
− Vacancy
−$26.8K −$1.67/SF
EGI
$330.7K $20.54/SF
− OpEx
−$99.2K −$6.16/SF
NOI
$231.5K $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%
$4,629,740
Cap Rate 7%
$3,306,957
Cap Rate 9%
$2,572,078
Alternative Uses
Best Use
Retail
$3.31M
$2.89M – $3.86M
NOI $231,487 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,712 @ 7.0% cap · market cap 3.76%
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
80,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
473k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Apparel 22%
Shops & Services 12%
Groceries 10%
Raising Cane's Chicken Fingers
Dining
72,902 visits/mo
0.1 miles
Ross Dress for Less
Apparel
55,862 visits/mo
0.1 miles
Chick-fil-A
Dining
46,909 visits/mo
0.0 miles
Albertsons
Groceries
46,084 visits/mo
0.1 miles
T.J. Maxx
Apparel
28,747 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
NNN property - Two leased retail buildings occupy the Montgomery Boulevard and San Mateo Boulevard intersection in Albuquerque.
Where is this nnn property located?
The property is located at 4340 San Mateo Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Two‑parcel retail portfolio totals approximately 16,104 SF on 1.49 acres; CVS Pharmacy occupies a 14,454 SF building on 1.24 acres; the dark tenant remains rent‑paying; CVS lease is corporate‑guaranteed and Absolute NNN
