Multi-Tenant Retail Building with
For Sale
Contact for pricing
4709 Lomas Blvd NE, Albuquerque, NM 87110
Multi-tenant retail building with 34 private parking spaces, updated roofing, and multiple points of ingress/egress.
Property Size8,300 SF
Price / SF$210.84
Days on Market54
Property Features for 4709 Lomas Blvd NE
General Information
Standard status
Active
Size
8,300 SF
Total Parking Spaces
34
Property subtype
Retail
Zoning
MX-M
Net Operating Income
$148,800
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EPIC REAL ESTATE
Listed By:
George Chronis · License #NM 16978
Source:
Crexi
Added: Jun 19
Changed: Aug 10
Last Checked: Aug 9 at 1:40PM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,308
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,386,160
$2.4M
Cap Rate 7%
$1,704,400
$1.7M
Cap Rate 9%
$1,325,644
$1.3M
Market Conditions
NOI Build-Up for 8,300 SF
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.
Gross rent
$184.3K $22.20/SF
− Vacancy
−$13.8K −$1.67/SF
EGI
$170.4K $20.54/SF
− OpEx
−$51.1K −$6.16/SF
NOI
$119.3K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,386,160
Cap Rate 7%
$1,704,400
Cap Rate 9%
$1,325,644
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 27%
Shops & Services 20%
Home Improvements & Furnishings 8%
Sprouts Farmers Market
Groceries
20,894 visits/mo
0.3 miles
Starbucks
Dining
12,568 visits/mo
0.1 miles
Taco Bell
Dining
9,430 visits/mo
0.4 miles
Dollar General
Shops & Services
8,745 visits/mo
0.2 miles
Lomas True Value
Home Improvements & Furnishings
6,367 visits/mo
0.4 miles
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
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
