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    401 Menaul Blvd Albuquerque, NM 87107

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    For Lease
    Contact for pricing

    High-traffic corner lot, ideal for drive-thru.

    Lot size:
    64,904 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.49-acre retail ground lease opportunity is located at 401 Menaul Blvd NW, Albuquerque, NM 87107, on a hard corner with a signalized intersection. The property boasts excellent visibility on both Menaul Boulevard and 4th Street, benefiting from a combined daily traffic count exceeding 29,400 vehicles. Its zoning is designated MX-M, making it suitable for a variety of commercial uses, particularly those that would benefit from high visibility and convenient access, such as fast food restaurants or other drive-thru establishments. The site's strategic location provides easy access to Interstate 40 via 4th Street, within a short 0.30-mile distance, further enhancing its appeal with access to an additional 172,900 vehicles daily. This single-tenant property presents a compelling investment opportunity for businesses seeking a high-traffic location with significant visibility and accessibility. The lot size is approximately 1.49 acres. This is a ground lease opportunity.

    Property Features for 401 Menaul Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,904 SF

    Unit(s) available at that property

    Space
    Size
    64,904 SF

    HighLights

    • 1.49‑acre retail ground lease at 401 Menaul Blvd NW, Albuquerque, NM.
    • High‑visibility hard corner location with signalized intersection on Menaul Blvd & 4th St, exceeding 29,400 vehicles daily.
    • MX‑M zoning ideal for drive‑thru businesses.
    • Excellent I‑40 access (0.3 miles), adding 172,900 vehicles daily.
    • Single‑tenant ground lease opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.64645314041
    Latitude
    35.111163432579

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for drive-thru.
    Where is this land located?
    The property is located at 401 Menaul Blvd Albuquerque, NM.
    What are key features of this property?
    This property features: 1.49-acre retail ground lease at 401 Menaul Blvd NW, Albuquerque, NM.; High-visibility hard corner location with signalized intersection on Menaul Blvd & 4th St, exceeding 29,400 vehicles daily.; MX-M zoning ideal for drive-thru businesses.
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    401 Menaul Blvd Albuquerque, NM 87107
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    Albuquerque, NM 87107
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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
    401 Menaul Blvd Albuquerque, NM 87107
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