Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    301 San Mateo Blvd Albuquerque, NM 87108

    For Lease
    Contact for pricing

    Massive Retail Space, Redevelopment Potential

    Lot size:
    206,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 206,278 square foot former Walmart Supercenter presents a unique investment opportunity in Albuquerque, New Mexico. Situated on a substantial 17.6-acre lot at 301 San Mateo Blvd SE, this single-story, 1994-built building offers significant potential for owner-users or redevelopment. The property is entirely vacant, providing a blank canvas for a variety of uses. Its prime location within Bernalillo County, in a densely populated, in-fill area, offers unparalleled access to a substantial customer base. The surrounding area boasts key amenities including the University of New Mexico campus, Albuquerque International Airport, and two major medical facilities (UNMH and Presbyterian Hospital), along with established residential neighborhoods. This high-traffic location, visible and accessible from a major arterial, benefits from 360-degree population density. The existing structure offers considerable cost savings compared to new construction, a significant advantage given the scarcity of similarly sized development parcels in this area. This is a rare chance to acquire a large-scale retail property in a thriving Albuquerque market. The property's zip code is 87108.

    Property Features for 301 San Mateo Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    206,278 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    206,278 SF

    HighLights

    • Rare large‑format retail box, 206,278 SF.
    • Existing building on a 17.6‑acre lot in a densely populated Albuquerque infill location.
    • Built in 1994.
    • Mixed‑Use - Moderate Intensity Zone District (MX‑M) zoning.
    • High traffic counts with nearby retail and restaurants.
    • Proximity to UNM, Kirtland AFB, and Albuquerque International Sunport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walmart Business Center Computer Service Walmart House Cleaning ... House Cleaning Service Walmart Connection Center Cell Phone Store Brenda Barnett Optometrist Walmart Pet Services Pet Sitter

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -106.58833806759
    Latitude
    35.075618579463

    Nearby Similar for Lease

    • $9,000 /Mo
      21,344 SF

      Versatile Commercial Space, Albuquerque

      Adaptable commercial space suitable for warehouse, retail, office, or more.
      221 Broadway Blvd SE, Albuquerque, NM 87102
      View Details
    • $13,000 /Mo
      43,560 SF

      Versatile Commercial Space in Albuquerque

      16000 sq ft space ideal for office or retail.
      2200 Eubank Blvd NE, Albuquerque, NM 87112
      View Details
    • $2,800 /Mo
      13,068 SF

      Free-Standing Commercial Building For Lease

      Versatile commercial building suitable for various small business uses.
      3915 4Th St NW, Albuquerque, NM 87107
      View Details
    • $2,000 /Mo
      33,977 SF

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Ave SE, Albuquerque, NM 87123
      View Details
    • $1,785 /Mo
      3,049 SF

      Office Space in Albuquerque, NM

      Move-in ready office suites available for lease in Albuquerque.
      3007 Louisiana Blvd NE, Albuquerque, NM 87110
      View Details
    • $975 /Mo
      69,696 SF

      Retail Space in Los Ranchos

      Move-in ready retail spaces in walkable Los Ranchos location.
      350 Osuna Rd NW, Los Ranchos, NM 87107
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Massive Retail Space, Redevelopment Potential
    Where is this lifestyle center located?
    The property is located at 301 San Mateo Blvd Albuquerque, NM.
    What are key features of this property?
    This property features: Rare large-format retail box, 206,278 SF.; Existing building on a 17.6-acre lot in a densely populated Albuquerque infill location.; Built in 1994.
    Request Owner's contact information
    301 San Mateo Blvd Albuquerque, NM 87108
    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.
    301 San Mateo Blvd
    Albuquerque, NM 87108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    301 San Mateo Blvd Albuquerque, NM 87108
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.