Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail/Office Space Build-Out Opportunity Title is generated by Realmo AI

    8618 Menaul Boulevard Northeast, Albuquerque, NM 87112

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Approximately 2,178 SF retail or office space available for rent.

    Type:Retail, Office
    Property size:
    2,178 SF
    Added:
    May 22, 2026
    Days on Market:
    9
    Last Refresh:
    May 27 at 7:52 am

    Property Features for 8618 Menaul Boulevard Northeast

    General Information

    Standard status
    Active
    Size
    2,178 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 8618 Menaul Boulevard Northeast Contact us

    We can help!

    Listing Contact
    Lisa Mercer, CCIM
    Lisa Mercer, CCIM

    Listing agent Lisa Mercer, CCIM License #NM 53678

    Listing office NAI Sun Vista

    Listing date May 22, 2026

    Source Crexi

    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 NAI Sun Vista

    HighLights

    • Custom build‑out opportunity to create your ideal space.
    • ±2,178 SF available.
    • Year Built: 1984.

    Overview

    This commercial space offers a custom build-out opportunity, encompassing approximately 2,178 square feet. The property is suitable for either retail or office use. It is located on Menaul Boulevard Northeast in Albuquerque, NM.
    Location Intelligence

    Current Use by Public Records

    LNT Cleaners (Bike/Boat/Book/etc) Store By walmart Electronics Vending Machine Duke City Art ... (Bike/Boat/Book/etc) Store Asian Massage Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5464225
    Latitude
    35.1087647

    Nearby Similar for Lease

    • $3,950/Mo
      3,775 SF

      Versatile Warehouses with Excellent Visibility

      Two warehouse buildings on a fenced lot, ideal for various uses.
      528 Juan Tabo Boulevard NE, Albuquerque, NM 87123
      View Details
    • $2,550/Mo

      Albuquerque Warehouse/Flex Space For Rent

      Versatile warehouse/flex space in Northeast Heights, near I-25.
      5620 Venice Avenue NE, Albuquerque, NM 87113
      View Details
    • $2,000/Mo
      1,736 SF

      Prime Commercial Space For Lease

      High-visibility commercial space with flexible layout in Albuquerque, NM.
      2837 San Mateo Boulevard NE, Albuquerque, NM 87110
      View Details
    • $2,900/Mo

      Office Building with Mountain Views

      Professional office space with Southwestern style and modern accents.
      1709 Girard Boulevard NE, Albuquerque, NM 87106
      View Details
    • $1,000/Mo
      896 SF

      Office Space in Albuquerque, NM

      Private corner office space available for rent in Albuquerque.
      1101 Cardenas Drive NE, Albuquerque, NM 87110
      View Details
    • $63,990 SF/Yr

      Downtown Albuquerque Commercial Space For Rent

      Fully rebuilt commercial space in Downtown Albuquerque's entertainment corridor.
      313 Gold Avenue SW, Albuquerque, NM 87102
      View Details
    • $4,500/Mo

      Restaurant Space on Isleta Boulevard

      Turn-key restaurant opportunity in Albuquerque's South Valley.
      424 Isleta Boulevard SW, Albuquerque, NM 87105
      View Details
    • $1,400/Mo

      Office Space in Albuquerque, NM

      Office space available for lease in Albuquerque, New Mexico.
      608 Chama Street NE, Albuquerque, NM 87108
      View Details
    • $3,000/Mo
      10,019 SF

      Mixed-Use Property in Albuquerque

      Mixed-use property with mechanic shop, retail space, and residential unit.
      237 OLD COORS Drive SW, Albuquerque, NM 87121
      View Details
    • $20 SF/Yr

      Versatile Commercial Complex in Albuquerque

      Multi-tenant property with flexible office, flex, and professional service space.
      4020 Vassar Drive NE, Albuquerque, NM 87107
      View Details
    • $510/Mo

      Office Space in Albuquerque, NM

      Office space available for rent in Albuquerque, New Mexico.
      1101 Cardenas Drive NE, Albuquerque, NM 87110
      View Details
    • $2,000/Mo

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Avenue SE, Albuquerque, NM 87123
      View Details

    FAQs

    What type of property is this?
    Retail space - Approximately 2,178 SF retail or office space available for rent.
    Where is this retail space located?
    The property is located at 8618 Menaul Boulevard Northeast Albuquerque, NM.
    What are key features of this property?
    This property features: Custom build‑out opportunity to create your ideal space.; ±2,178 SF available.; Year Built: 1984.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Mercer, CCIM
    Lisa Mercer, CCIM
    Real Estate License ID: NM 53678
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8618 Menaul Boulevard Northeast, Albuquerque, NM 87112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!