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    Walmart Anchored Shopping Center Title is generated by Realmo AI

    4600 Cutler Ave NE, Albuquerque, NM 87110

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    Dominant shopping center anchored by Walmart Grocery.

    Type:Retail
    Property size:
    135,711 SF
    Price / SF:
    $225/SF
    Added:
    Mar 16, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 19 at 11:45 pm

    Property Features for 4600 Cutler Ave NE

    General Information

    Standard status
    Active
    Size
    135,711 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1997

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    Contact an agent
    Don MacLellan
    Don MacLellan

    Listing office Faris Lee Investments

    Listing date Mar 16, 2026

    Source Crexi

    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 Faris Lee Investments

    HighLights

    • Walmart Grocery Anchored Center
    • Price: $30,586,000
    • Attractive 7% Cap Rate
    • Located in ALB / NM
    • Built in 1997
    • Dominant Center

    Overview

    This commercial real estate offering features a shopping center anchored by Walmart Grocery. The property encompasses a total area of 135711 square feet. It is located in Albuquerque, NM.

    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 $3.01M $22.20
    − Vacancy −$226.0k −$1.67
    EGI $2.79M $20.54
    − OpEx −$836.0k −$6.16
    NOI $1.95M $14.37
    135,711 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $27.87M
    $24.38M – $32.51M (±1% cap)
    NOI $1,950,778 @ 7.0% cap · market cap 6.38%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $32.83M
    $28.73M – $38.30M (±1% cap)
    NOI $2,298,184 @ 7.0% cap · market cap 7.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shoe Dept. Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5932713
    Latitude
    35.1048577

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    FAQs

    What type of property is this?
    Shopping center - Dominant shopping center anchored by Walmart Grocery.
    Where is this shopping center located?
    The property is located at 4600 Cutler Ave NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $30,586,000.
    What are key features of this property?
    This property features: Walmart Grocery Anchored Center; Price: $30,586,000; Attractive 7% Cap Rate
    (949) 221-1810 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Don MacLellan
    Don MacLellan
    Real Estate License ID: CA #00897784
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