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    4920 Menaul Blvd Albuquerque, NM 87110

    For Lease
    Contact for pricing

    Build-to-suit or ground lease; high visibility.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.5-acre commercial land parcel in Bernalillo County's NE Heights submarket presents a unique investment opportunity. Located at 4920 Menaul Boulevard, this property boasts a highly visible location with left-in/left-out access, ideal for a drive-thru development. Previously occupied by Mor Furniture for Less, the site is zoned MX-M and offers the potential for a build-to-suit (BTS) or ground lease opportunity. Conceptual plans, developed by a local architect, envision a single-lane drive-thru with approximately 1,200 square feet of interior space and a desirable 600-square-foot covered patio, perfect for Albuquerque's sunny climate. The maximum building size is approximately 2,000 square feet. The site's high visibility and proximity to successful drive-thru businesses in the area make this a compelling investment for developers seeking a prime location in a thriving commercial corridor. The current owner is a qualified retail developer, ensuring a smooth and efficient development process.

    Property Features for 4920 Menaul Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF

    HighLights

    • 0.5‑acre commercial land parcel in Albuquerque's NE Heights submarket.
    • Single‑tenant pad site available for build‑to‑suit (BTS) or ground lease.
    • Drive‑thru development opportunity with up to 2,000 square feet of interior space.
    • High visibility location on Menaul Blvd with left‑in/left‑out access.
    • Conceptual plans include a 600 sq ft covered patio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Credit Repair Albuquerque ... Credit Reporting Agency Mor Furniture for Less ... Warehouse Mor Furniture for Less Furniture Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5878388
    Latitude
    35.108015

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    FAQs

    What type of property is this?
    Land - Build-to-suit or ground lease; high visibility.
    Where is this land located?
    The property is located at 4920 Menaul Blvd Albuquerque, NM.
    What are key features of this property?
    This property features: 0.5-acre commercial land parcel in Albuquerque's NE Heights submarket.; Single-tenant pad site available for build-to-suit (BTS) or ground lease.; Drive-thru development opportunity with up to 2,000 square feet of interior space.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    4920 Menaul Blvd Albuquerque, NM 87110
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