Occupied Multi-Tenant Mixed-Use
For Sale
$1,750,000
4711 Lomas Blvd NE, Albuquerque, NM 87110
MX-M-zoned property with tenant-oriented improvements, monument signage, and multiple points of ingress and egress.
Property Size8,300 SF
Price / SF$210.84
Days on Market228
Property Features for 4711 Lomas Blvd NE
General Information
Standard status
Active
Size
8,300 SF
Total Parking Spaces
34
Property subtype
Investment
Zoning
MX-M
Amenities
34 Parking Spaces
Listing Agency:
Epic Real Estate
Listed By:
Mark Thompson
(505) 263-5350
Source:
Carnm.resimplifi
Added: Mar 1
Changed: Oct 7
Last Checked: Oct 14 at 7:38PM
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 8300 SF mixed-use building is fully leased to five tenants and combines retail, industrial, manufacturing, packaging, and administrative office functions. Occupants include Farmer's Insurance Agency and Leaf & Flower Cannabis, with one tenant operating under a New Mexico state cannabis license. The interior has been maintained with substantial improvements, and a new TPO roof covers the building.
An oversized parking area provides 34 private spaces with recent striping and sealcoating. A freestanding monument sign supports property identification, while multiple ingress and egress points provide convenient site access. The property is zoned MX-M, and all leases are structured as NNN except the smallest tenancy. The reported cap rate is 8.50%.
An oversized parking area provides 34 private spaces with recent striping and sealcoating. A freestanding monument sign supports property identification, while multiple ingress and egress points provide convenient site access. The property is zoned MX-M, and all leases are structured as NNN except the smallest tenancy. The reported cap rate is 8.50%.
Key Highlights
- 100% occupied by 5 tenants
- 8300 SF mixed‑use building zoned MX‑M
- 34 private parking spaces with new striping and sealcoat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,308
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,845 @ 7.0% cap · market cap 5.76%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - MX-M-zoned property with tenant-oriented improvements, monument signage, and multiple points of ingress and egress.
Where is this mixed-use property located?
The property is located at 4711 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: 100% occupied by 5 tenants; 8300 SF mixed‑use building zoned MX‑M; 34 private parking spaces with new striping and sealcoat
