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    5201 Central Ave Albuquerque, NM 87108

    Sponsored
    For Lease
    $10 SF/Yr ($11,836 /Mo)

    14,204 SF Freestanding Retail Building

    Lot size:
    14,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,204-square-foot freestanding retail building is situated on a 1.78-acre lot in Albuquerque's vibrant Downtown submarket at 5201 Central Ave NE. The single-story building boasts a highly desirable drive-thru configuration, a rare find along Central Avenue. Its location on a signalized hard corner at two major thoroughfares ensures superior visibility and accessibility, with multiple full access points for optimal customer convenience. The property benefits from excellent exposure, with traffic counts exceeding 40,200 vehicles per day, guaranteeing high visibility for any business. Its proximity to the Louisiana Albuquerque Rapid Transit (ART) stop provides convenient public transportation access. Currently fully vacant, this property presents a unique opportunity for a variety of retail uses. The zoning is MX-M. The building is in excellent condition. A sublease with Walgreens is in place, expiring January 15, 2033. This prime location and substantial square footage make this an unparalleled investment opportunity in the heart of Albuquerque.

    Property Features for 5201 Central Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,204 SF
    Total Rate
    11836.67

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,204 SF
    Rate per SF
    $10

    HighLights

    • 14,204 SF freestanding retail building on a 1.78‑acre lot in Albuquerque's Downtown submarket.
    • Highly desirable drive‑thru configuration on a signalized hard corner with excellent visibility and accessibility.
    • Over 40,200 vehicles per day pass the property, ensuring high traffic counts.
    • Conveniently located near the Louisiana Albuquerque Rapid Transit (ART) stop.
    • Currently vacant, offering a unique opportunity for various retail uses; MX‑M zoning.
    • Excellent condition; sublease with Walgreens until January 15, 2033.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dalia Arafat, RPH Pharmacy Western Union Money Transfer Service COVID-19 Drive-Thru Testing ... Medical Laboratory New Mexico Early ... Preschool Albuquerque Bilingual Academy ... Charter School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -106.58633054605
    Latitude
    35.078412697628

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    FAQs

    What type of property is this?
    Individual retail property - 14,204 SF Freestanding Retail Building
    Where is this individual retail property located?
    The property is located at 5201 Central Ave Albuquerque, NM.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 14,204 SF freestanding retail building on a 1.78-acre lot in Albuquerque's Downtown submarket.; Highly desirable drive-thru configuration on a signalized hard corner with excellent visibility and accessibility.; Over 40,200 vehicles per day pass the property, ensuring high traffic counts.
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    5201 Central Ave Albuquerque, NM 87108
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    Albuquerque, NM 87108
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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
    5201 Central Ave Albuquerque, NM 87108
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