Anchored Neighborhood Retail
For Sale
$14,555,000
4900 Cutler Ave NE, Albuquerque, NM 87110
Retail shopping center anchored by Old Navy and Xfinity within Albuquerque’s regional daily-needs market.
Property Size40,787 SF
Days on Market123
Property Features for 4900 Cutler Ave NE
General Information
Standard status
Active
Size
40,787 SF
Property subtype
Retail
Net Operating Income
$982,488
Building Details
Building Size
40,787 SF
Year Built
1996
Tenancy
Multi
Listed By:
Don MacLellan · License #CalDRE #00897784
(949) 584-8471
Source:
Farislee
Added: Jun 23
Changed: Oct 6
Last Checked: Oct 20 at 7:17PM
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 Don MacLellan
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Investment Insights
Based on property information with market context.
This shopping center includes national, investment-grade tenants anchored by Old Navy and Xfinity. The property is described as a regional daily-needs center designed to perform across economic cycles and be less exposed to e-commerce trends.
Located at 4900 Cutler Ave NE in Albuquerque, it is positioned within 4 miles of Downtown Albuquerque. The offering also cites strong nearby demand, including over 116,000 people within 3 miles.
The asset is marketed as being well below replacement costs, with the list price provided for sale. Additional tenant and income details are not included in the information provided.
Located at 4900 Cutler Ave NE in Albuquerque, it is positioned within 4 miles of Downtown Albuquerque. The offering also cites strong nearby demand, including over 116,000 people within 3 miles.
The asset is marketed as being well below replacement costs, with the list price provided for sale. Additional tenant and income details are not included in the information provided.
Key Highlights
- Retail shopping center built in 1996 in Albuquerque’s regional daily‑needs market
- Anchored by Old Navy, a strong national/investment‑grade tenant
- Anchored by Xfinity (Comcast), a strong national/investment‑grade tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$586,293
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,725,860
$11.7M
Cap Rate 7%
$8,375,614
$8.4M
Cap Rate 9%
$6,514,367
$6.5M
Market Conditions
NOI Build-Up for 40,787 SF
Gross rent
$905.5K $22.20/SF
− Vacancy
−$67.9K −$1.67/SF
EGI
$837.6K $20.54/SF
− OpEx
−$251.3K −$6.16/SF
NOI
$586.3K $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%
$11,725,860
Cap Rate 7%
$8,375,614
Cap Rate 9%
$6,514,367
Alternative Uses
Best Use
Retail
$8.38M
$7.33M – $9.77M
NOI $586,293 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.87M
$8.63M – $11.51M
NOI $690,703 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
213k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 23%
Groceries 20%
Apparel 15%
Walmart Neighborhood Market
Groceries
42,168 visits/mo
0.1 miles
Speedway
Shops & Services
29,681 visits/mo
0.3 miles
Dollar Tree
Shops & Services
28,785 visits/mo
0.1 miles
Old Navy
Apparel
16,064 visits/mo
0.2 miles
Starbucks
Dining
12,985 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in Albuquerque, NM
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center anchored by Old Navy and Xfinity within Albuquerque’s regional daily-needs market.
Where is this shopping center located?
The property is located at 4900 Cutler Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $14,555,000.
What are key features of this property?
This property features: Retail shopping center built in 1996 in Albuquerque’s regional daily‑needs market; Anchored by Old Navy, a strong national/investment‑grade tenant; Anchored by Xfinity (Comcast), a strong national/investment‑grade tenant
