Multi-Tenant Retail Building with
4709 Lomas Blvd NE, Albuquerque, NM 87110
Multi-tenant retail building with 34 private parking spaces, updated roofing, and multiple points of ingress/egress.
Type:Retail
Property size:
8,300 SFPrice / SF:
$210/SF- Added:
- Jun 19, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 7:24 am
Property Features for 4709 Lomas Blvd NE
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Retail
Listing office EPIC REAL ESTATE
Listing date Jun 19, 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 EPIC REAL ESTATE
HighLights
- Multi‑tenant retail building at 4709–4711 Lomas Blvd NE in Albuquerque, NM
- Currently occupied by multiple tenants, including Leaf & Flower, Blunts, LLC, and an Insurance Office
- 34 private parking spaces with multiple ingress/egress access points
- New TPO roofing and fresh sealcoat reported
- Large lot with retail‑focused parking and access
Overview
This multi-tenant retail building is maintained and ready for continued retail and office use. The property features new TPO roofing and fresh sealcoat, and it is set up to support multiple businesses within the same structure. Current occupants include Leaf & Flower, Blunts, LLC, and an Insurance Office, providing an established mix of retail and service space.
The property is located at 4709-4711 Lomas Blvd NE in Albuquerque, New Mexico. It includes 34 private parking spaces and multiple ingress/egress access points designed to support convenient customer access.
For tenants, buyers, or operators seeking a storefront-oriented setup, this asset offers on-site parking and flexible tenancy under one ownership. The existing tenant occupancy through a retail and insurance mix can appeal to users looking for a hands-on, multi-tenant environment, while the updated exterior components help reduce near-term property maintenance concerns. Access and parking distribution may also support day-to-day business traffic for customers and staff.
The property is located at 4709-4711 Lomas Blvd NE in Albuquerque, New Mexico. It includes 34 private parking spaces and multiple ingress/egress access points designed to support convenient customer access.
For tenants, buyers, or operators seeking a storefront-oriented setup, this asset offers on-site parking and flexible tenancy under one ownership. The existing tenant occupancy through a retail and insurance mix can appeal to users looking for a hands-on, multi-tenant environment, while the updated exterior components help reduce near-term property maintenance concerns. Access and parking distribution may also support day-to-day business traffic for customers and staff.
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 | $184.3k | $22.20 |
| − Vacancy | −$13.8k | −$1.67 |
| EGI | $170.4k | $20.54 |
| − OpEx | −$51.1k | −$6.16 |
| NOI | $119.3k | $14.37 |
8,300 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,308 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,556 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Farmers Insurance - T ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5922442
- Latitude
- 35.0878177
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Multi-tenant retail building with 34 private parking spaces, updated roofing, and multiple points of ingress/egress.
Where is this retail space located?
The property is located at 4709 Lomas Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Multi‑tenant retail building at 4709–4711 Lomas Blvd NE in Albuquerque, NM; Currently occupied by multiple tenants, including Leaf & Flower, Blunts, LLC, and an Insurance Office; 34 private parking spaces with multiple ingress/egress access points
