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    5161 Lang Ave NE, Albuquerque, NM

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    Class A mixed-use retail development in the heart of Albuquerque.

    Type:RETAIL
    Property size:
    1,117 SF
    Lot size:
    1.41 Acres
    Added:
    Mar 26, 2025
    Days on Market:
    410
    Last Refresh:
    Apr 5 at 11:04 pm

    Property Features for 5161 Lang Ave NE

    General Information

    Standard status
    Active
    Size
    1,117 SF
    Lot size
    1.41 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5161 Lang Ave NE Contact us

    We can help!

    Listing Contact
    Courtney Tinnin

    Listing agent Courtney Tinnin

    Listing office King Capital Commercial Real Estate

    Listing date Mar 26, 2025

    Source Moodyscre

    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 King Capital Commercial Real Estate

    HighLights

    • Top performing Cabela’s location, ranked 12th in the nation, boasting 680.9K annual visits.
    • Located adjacent to a densely populated residential area with high average incomes.
    • Visible from I‑25 and Paseo Del Norte.
    • Over 147,000 vehicles pass by per day.
    • Class A mixed‑use retail development in the heart of Albuquerque.
    • Multiple access points from I‑25 and Paseo.

    Overview

    This Class A mixed-use retail space is available for rent in Albuquerque. The property is part of The Journal Center, a live, work, and play destination. The location is visible from I-25 and Paseo Del Norte, with over 147,000 vehicles passing per day. The property benefits from a statewide pull due to its Cabela’s anchor. The Cabela’s location is a top performer, ranking 12th in the nation, with 680,900 annual visits. It is located adjacent to the densely populated NE Heights residential area, which has the highest average incomes in Albuquerque, at $103,550. The property offers multiple access points from I-25 and Paseo. The property size is 1,117 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restoration Pizza Restaurant Marigold Cafe Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sunglass Outfitters by Sunglass Hut — 5151 Lang Ave NE, Albuquerque, NM 87109
    • Market Place at Journal Center — 7600 Jefferson St NE, Albuquerque, NM 87109
    • Palomas Plaza — 7900 San Pedro Dr NE, Albuquerque, NM 87109
    • Paseo Marketplace — 99999 Palomas Ave NE, Albuquerque, NM 87113
    • The Shops of Sedona Row — 8101 San Pedro Dr NE, Albuquerque, NM 87113

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.587
    Latitude
    35.1732

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    FAQs

    What type of property is this?
    Shopping center - Class A mixed-use retail development in the heart of Albuquerque.
    Where is this shopping center located?
    The property is located at 5161 Lang Ave NE Albuquerque, NM.
    What are key features of this property?
    This property features: Top performing Cabela’s location, ranked 12th in the nation, boasting 680.9K annual visits.; Located adjacent to a densely populated residential area with high average incomes.; Visible from I‑25 and Paseo Del Norte.
    (505) 292-9607 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Courtney Tinnin
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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