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    8510 Montgomery Blvd Albuquerque, NM 87111

    For Lease
    $24 SF/Yr

    Albuquerque end-cap retail space available.

    Lot size:
    2,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,960 square foot retail space is located in the Montgomery Crossing II shopping center at 8510 Montgomery Blvd NE, Albuquerque, NM 87111. Situated in the Northeast Heights submarket of Bernalillo County, this end-cap unit within a single-story strip center benefits from high visibility on Montgomery Boulevard, boasting 34,600 vehicles per day. The property is part of a Target-anchored center experiencing over 1.4 million annual visits, ensuring significant foot traffic. A complete renovation is planned, promising a refreshed look and feel. New ownership is committed to tenant success and synergy, and a tenant allowance is available. Ample parking is provided for convenient customer access. The surrounding area demonstrates strong demographics, with an average household income exceeding $97,802 within a one-mile radius. This prime location offers a unique opportunity for businesses seeking high visibility and a thriving customer base in a revitalized shopping center. The property is a single building, one-story structure.

    Property Features for 8510 Montgomery Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,960 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    A-7
    Size
    2,960 SF
    Rate per SF
    $24

    HighLights

    • 2,960 square foot retail space in Albuquerque, NM.
    • End‑cap unit in a Target‑anchored shopping center with high visibility on Montgomery Blvd (34,600 VPD).
    • Planned renovation and tenant allowance available.
    • Strong demographics: average household income over $97,802 within one mile.
    • Single‑story building with ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nearby Tow Truck ... Towing Service CVS Pharmacy Pharmacy Target Electronics Store Ettin Games ABQ Game Store The Grey Heron Home Goods Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -106.54758395757
    Latitude
    35.129354339536

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    FAQs

    What type of property is this?
    Neighborhood center - Albuquerque end-cap retail space available.
    Where is this neighborhood center located?
    The property is located at 8510 Montgomery Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 2,960 square foot retail space in Albuquerque, NM.; End-cap unit in a Target-anchored shopping center with high visibility on Montgomery Blvd (34,600 VPD).; Planned renovation and tenant allowance available.
    Request Owner's contact information
    8510 Montgomery Blvd Albuquerque, NM 87111
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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
    8510 Montgomery Blvd Albuquerque, NM 87111
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