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    Retail Building on Juan Tabo Title is generated by Realmo AI

    2430 Juan Tabo Blvd NE, Albuquerque, NM 87112

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    7,425 SF retail building in high-traffic location for sale.

    Type:Mixed Use, Retail
    Property size:
    7,425 SF
    Price / SF:
    $181/SF
    Added:
    Sep 18, 2024
    Days on Market:
    659
    Last Refresh:
    Jul 2 at 9:18 am

    Property Features for 2430 Juan Tabo Blvd NE

    General Information

    Standard status
    Active
    Size
    7,425 SF
    Property subtype
    Mixed Use, Retail

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    Mark Friedman
    Mark Friedman

    Listing office Johnson Commercial Real Estate

    Listing date Sep 18, 2024

    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 Johnson Commercial Real Estate

    HighLights

    • High‑traffic location on Juan Tabo near Menaul with 24,778± average daily traffic count.
    • Versatile MX‑L zoning allows for mixed‑use development.
    • 7,425± SF retail building priced at $1,350,000 ($181.82/SF).
    • Abundant parking available.
    • Adjacent to popular retailers: Walmart Neighborhood Market, Lowe's, and Albertsons.
    • Both units are currently vacant, offering flexible occupancy options (occupy/lease or combine).

    Overview

    This 7,425 square foot retail building is located on Juan Tabo Boulevard, just north of Menaul, in a high-traffic area. The property is zoned MX-L, allowing for mixed-use development. It features an open floor plan and ample parking. Situated adjacent to retailers such as Walmart Neighborhood Market, Lowe's, and Albertsons, the location benefits from an average daily traffic count of approximately 24,778 vehicles. The building is suitable for various business needs. Both units are currently vacant, offering the flexibility to occupy one side while leasing the other, or to combine them.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $164.8k $22.20
    − Vacancy −$12.4k −$1.67
    EGI $152.5k $20.54
    − OpEx −$45.7k −$6.16
    NOI $106.7k $14.37
    7,425 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.52M
    $1.33M – $1.78M (±1% cap)
    NOI $106,731 @ 7.0% cap · market cap 7.91%
    Second Best
    Mixed Use
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,214 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,738 @ 7.0% cap · market cap 9.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dunn-Edwards Paints Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Parking Lot & Garage Restaurant Dental Office Hotel & Motel (Bike/Boat/Book/etc) Store Department Store Auto Parts Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5150868
    Latitude
    35.1101024

    FAQs

    What type of property is this?
    Mixed-use property - 7,425 SF retail building in high-traffic location for sale.
    Where is this mixed-use property located?
    The property is located at 2430 Juan Tabo Blvd NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: High‑traffic location on Juan Tabo near Menaul with 24,778± average daily traffic count.; Versatile MX‑L zoning allows for mixed‑use development.; 7,425± SF retail building priced at $1,350,000 ($181.82/SF).
    (505) 353-2055 Call to check price and availability
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