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    4360 Cutler Ave Albuquerque, NM 87110

    Sponsored
    For Sale
    $3,844,000

    High-Yield, Multi-Tenant Retail Property

    Property size:
    12,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,706 square foot, single-story shopping center in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 4360 Cutler Ave NE, this property boasts 100% occupancy across four tenants, including a prominent, multi-location shooting range anchor. Three of the four tenants, comprising 89% of the rentable space, recently renewed their leases, demonstrating strong commitment and center viability. The remaining tenant has a lease with 1.5 years remaining. The property features 150 parking spaces and sits on a 0.817-acre lot, with excellent freeway visibility off Interstate 40. Its prime location, just 1.5 miles from major shopping centers like Coronado Center, Winrock Center, and Uptown Shopping Center, ensures a robust customer base. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $288,286, resulting in a 7.5% capitalization rate (based on May 2024 - April 2025 projections). Built in 2014, this NNN-leased property offers a stable income stream with built-in 3% annual rent bumps. The asking price of $3,844,000 equates to $302.53 per square foot, a price point below replacement cost. The majority owner of the center also owns the anchor tenant, ensuring a long-term partnership and stability for the property. The property is zoned NR-C. This is a rare opportunity to acquire a high-performing, multi-tenant retail center in a desirable Albuquerque location.

    Property Features for 4360 Cutler Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,706 SF
    Lot Size
    35,589 SF

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • $3,844,000 asking price for a four‑tenant retail center in Albuquerque, NM.
    • Excellent freeway visibility off I‑40, located 1.5 miles from major shopping centers.
    • Anchored by Calibers Shooting Range, a multi‑location, established business.
    • Three of four tenants recently renewed leases, comprising 89% of the 12,706 square feet of rentable space.
    • $302/SF asking price, below replacement cost, offering a 7.5% cap rate (May 2024 - April 2025).
    Property Profile Location Intelligence

    Current Use by Public Records

    The Daily Grind Breakfast Restaurant Calibers Safe Store Safe & Vault Shop The Wellness Lab Wellness Center Parturde Car Towing's ... Towing Equipment Provider Los Pinos Fly ... Fishing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5969429
    Latitude
    35.1046422

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield, Multi-Tenant Retail Property
    Where is this lifestyle center located?
    The property is located at 4360 Cutler Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $3,844,000.
    What are key features of this property?
    This property features: $3,844,000 asking price for a four-tenant retail center in Albuquerque, NM.; Excellent freeway visibility off I-40, located 1.5 miles from major shopping centers.; Anchored by Calibers Shooting Range, a multi-location, established business.
    Request Owner's contact information
    4360 Cutler Ave Albuquerque, NM 87110
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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
    4360 Cutler Ave Albuquerque, NM 87110
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