Retail Center Near Interstate
For Sale
Contact for pricing
4360 Cutler Ave NE, Albuquerque, NM
Four-tenant retail center with freeway visibility and strong customer base.
Property Size12,706 SF
Lot Size0.82 Acres
Price / SF$275.46
Days on Market394
Property Features for 4360 Cutler Ave NE
General Information
Standard status
Active
Size
12,706 SF
Lot size
0.82 Acres
Property subtype
RETAIL
Listing Agency:
Realty One of New Mexico dba R1 Commercial
(505) 417-5214
Listed By:
Steve O Kraemer · License #45966
(505) 417-5214
Source:
Moodyscre
Added: Jul 2, 2025
Changed: Jul 6
Last Checked: Jul 30 at 2:26AM
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 Realty One of New Mexico dba R1 Commercial
Investment Insights
Based on property information with market context.
The four-tenant retail center at 4360 Cutler Blve NE is located in Albuquerque, New Mexico. The property has freeway visibility off Interstate 40 and is approximately 1.5 miles from Coronado Center, Winrock Center, and Uptown Shopping Center. The location benefits from a strong daytime population and higher-income neighborhoods. The tenant mix has maintained 100% occupancy since construction. Three of the four tenants represent 89% of the rentable square footage and have recently renewed their leases. The fourth tenant occupies 1,425 square feet and has 1 year remaining on their lease, with expectations for renewal. The majority owner of the property is also the majority owner of Calibers Shooting Center, which occupies 41% of the rentable square footage under a recently signed 5-year lease for their gun safe business. The property size is 12,706 square feet.
Key Highlights
- High visibility location off Interstate 40, near major shopping centers.
- Strong financial performance: 8.38% CAP rate and 16.77% IRR on current rents and OPEX.
- Well below replacement cost at $279/sf.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $282.1k | $22.20 |
| − Vacancy | −$21.2k | −$1.67 |
| EGI | $260.9k | $20.54 |
| − OpEx | −$78.3k | −$6.16 |
| NOI | $182.6k | $14.37 |
12,706 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.04M
NOI $182,642 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,168 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
425k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Superstores 34%
Shops & Services 20%
Beauty & Spa 1%
Walmart
Superstores
143,909 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
58,587 visits/mo
0.3 miles
Chick-fil-A
Dining
48,463 visits/mo
0.2 miles
Dollar Tree
Shops & Services
30,752 visits/mo
0.4 miles
Jo-Ann Fabric and Craft
Shops & Services
18,284 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pavilions at San Mateo — 4500 Cutler Ave NE, Albuquerque, NM 87110
- Altura Shopping Center — Albuquerque, NM 87110
- Plaza San Mateo — 2451 San Mateo Blvd NE, Albuquerque, NM 87110
- The Hill Center — 4408 Menaul Blvd NE, Albuquerque, NM 87110
- Coinstar Kiosk | Bitcoin ATM — Kroger - Smith's Food & Drug C, 3701 Constitution Ave NE, Albuquerque, NM 87110
Frequently Asked Questions
What type of property is this?
Shopping center - Four-tenant retail center with freeway visibility and strong customer base.
Where is this shopping center located?
The property is located at 4360 Cutler Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High visibility location off Interstate 40, near major shopping centers.; Strong financial performance: **8.38% CAP rate and 16.77% IRR** on current rents and OPEX.; Well below replacement cost at $279/sf.
