Albuquerque Retail NNN Investment
For Sale
Contact for pricing
4665 Irving Blvd NW, Albuquerque, NM
NNN property with long-term lease and no landlord responsibilities.
Property Size16,464 SF
Lot Size1.84 Acres
Price / SF$200
Days on Market493
Property Features for 4665 Irving Blvd NW
General Information
Standard status
Active
Size
16,464 SF
Lot size
1.84 Acres
Property subtype
SPECIALTY
Listing Agency:
Western States Commercial Real Estate
(330) 645-5335
Listed By:
Flora Koller · License #REC-2022-0334
(330) 645-5335
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:32AM
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 Western States Commercial Real Estate
Investment Insights
Based on property information with market context.
This property offers a net operating income of $230,496 and a cap rate of 7.00%. The rentable area is 16,464 square feet, situated on a 2.3-acre lot. The property is priced at $200 per square foot, with the current lease term ending on December 31, 2028. Structured as an absolute NNN lease, the tenant assumes all responsibilities, eliminating landlord obligations.
Key Highlights
- Absolute NNN Lease Structure, offering zero landlord responsibilities
- Attractive 7.00% Cap Rate
- Strong Net Operating Income (NOI) of $230,496
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 | $365.5k | $22.20 |
| − Vacancy | −$27.4k | −$1.67 |
| EGI | $338.1k | $20.54 |
| − OpEx | −$101.4k | −$6.16 |
| NOI | $236.7k | $14.37 |
16,464 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.38M
$2.96M – $3.94M
NOI $236,662 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.49M – $4.65M
NOI $278,808 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
337k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Shops & Services 23%
Apparel 21%
Dining 15%
Target
Superstores
133,142 visits/mo
0.2 miles
Ross Dress for Less
Apparel
41,237 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,941 visits/mo
0.2 miles
Taco Bell
Dining
16,742 visits/mo
0.1 miles
Big 5 Sporting Goods
Apparel
14,561 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - NNN property with long-term lease and no landlord responsibilities.
Where is this nnn property located?
The property is located at 4665 Irving Blvd NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,292,800.
What are key features of this property?
This property features: Absolute NNN Lease Structure, offering zero landlord responsibilities; Attractive 7.00% Cap Rate; Strong Net Operating Income (NOI) of $230,496
