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    Retail Center Near Interstate 40 Title is generated by Realmo AI

    4360 Cutler Ave NE, Albuquerque, NM

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    Four-tenant retail center with freeway visibility and strong customer base.

    Type:RETAIL
    Property size:
    12,706 SF
    Lot size:
    0.82 Acres
    Price / SF:
    $265/SF
    Added:
    Jul 2, 2025
    Days on Market:
    349
    Last Refresh:
    May 19 at 8:56 pm

    Property Features for 4360 Cutler Ave NE

    General Information

    Standard status
    Active
    Size
    12,706 SF
    Lot size
    0.82 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Steve O Kraemer

    Listing agent Steve O Kraemer

    Listing office Realty One of New Mexico dba R1 Commercial

    Listing date Jul 2, 2025

    Source Moodyscre

    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

    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.
    • 100% occupancy record since construction with tenant synergy.
    • Anchor tenant (Calibers Shooting Range) majority owner is invested in the property's long‑term success.
    • Tenants representing 89% of rentable square footage have recently renewed their leases.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $182,642 @ 7.0% cap · market cap 5.42%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.07M
    $2.69M – $3.59M (±1% cap)
    NOI $215,168 @ 7.0% cap · market cap 6.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Daily Grind Restaurant Calibers Safe Store Locksmith The Wellness Lab Gym & Fitness Center Parturde Car Towing's ... Auto Parts Store Los Pinos Fly ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Winrock Quorum — 2100 Louisiana Blvd NE #320, Albuquerque, NM 87110
    • ABQ Uptown — 2200 Louisiana Blvd NE, Albuquerque, NM 87110
    • Sunglass Hut — 2240 Q St NE #10E, Albuquerque, NM 87110
    • The Corner at Winrock — 2100 Louisiana Blvd NE, Albuquerque, NM 87110
    • Integrity Plaza — 1429 Wyoming Blvd NE, Albuquerque, NM 87112

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.597
    Latitude
    35.1047

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    FAQs

    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 $3,371,789.
    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.
    (505) 417-5214 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve O Kraemer
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