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Flexible Retail Space
For Lease
$1,400/Mo

505 San Mateo Blvd NE, Albuquerque, NM 87108

Open-plan commercial suite with private rooms, rear storage, and existing improvements for efficient occupancy.

Space Size942 SF
Days on Market155

Property Features for 505 San Mateo Blvd NE

General Information

Standard status Active
Size 942 SF
Net Rentable 942 SF
Property subtype Retail
Zoning MX-L
Lease Type NNN

Space & Availability

Available Space 942 SF
Contiguous Space 942 SF
Space Use Office
Condition Second Generation
Sublease No
Available From Immediate

Site & Location

Traffic Count 35,000 vehicles/day
Highway Access Yes
Road Access Yes

Amenities

open floor plan
private rooms
rear storage
Vacant

Spaces For Lease

at 505 San Mateo Blvd NE Contact us

Available Space $1,400/Mo

Contact us
Listing Agency: Commercial Real Estate Services
Listed By: J. Richard Rivas
Source: Carnm.resimplifi
Added: Mar 27 Changed: Aug 28 Last Checked: Aug 28 at 6:47AM

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 Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This 942 SF retail space at 505 San Mateo Blvd NE combines an open floor plan with private rooms and rear storage. Existing improvements support a practical setup for retail, service, office, and quick-service food operations, with a configuration designed to limit extensive build-out requirements. The property is zoned MX-L.

The space fronts San Mateo Blvd, a major north-south arterial carrying approximately 35,000+ vehicles per day. Its Albuquerque location provides access to a dense urban trade area near I-40 and Central Avenue, with established businesses and surrounding demand for food, services, and convenience-oriented retail. The suite’s street exposure and signage potential add useful visibility for an occupant serving drive-by and nearby customers.

Key Highlights

  • ±942 SF retail / office space
  • Approximately 35,000+ vehicles per day along San Mateo Blvd
  • Open layout with private rooms and rear storage

Property Analytics

Current Use

The Fireplace Hardware & Home Improvement

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Travel Agency Butcher Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

35,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.67 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,028
Businesses Nearby

Demographics for 87108, NM

36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$15.65 /SF/Yr
Avg Asking Price
$8.85–$25 /SF/Yr
Price Range
18,492 SF
Avg Space Size

This space is priced 14% above the average of $15.65 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open-plan commercial suite with private rooms, rear storage, and existing improvements for efficient occupancy.
Where is this retail space located?
The property is located at 505 San Mateo Blvd NE Albuquerque, NM.
What is the lease rate?
The lease rate is $1,400/Mo.
What are key features of this property?
This property features: ±942 SF retail / office space; Approximately 35,000+ vehicles per day along San Mateo Blvd; Open layout with private rooms and rear storage
More about this property
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