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
    The Largest CRE Database in the US with Over 1 Million Listings

    2308 Eubank Blvd Albuquerque, NM 87112

    Sponsored
    For Lease
    $18 SF/Yr ($11,488 /Mo)

    Prime Retail, Multiple Suites Available

    Lot size:
    7,659 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    This exceptional retail property at 2308 Eubank boasts 7,659 square feet of space, with five available suites ranging from 330 to 1,085 contiguous square feet. Currently licensed for cannabis use, the building offers excellent opportunities for production and grow operations. Electric sub-metering is required for cannabis use. A shared event space adds versatility. The property benefits from a high-traffic location, with 21,300 vehicles per day on Menaul Boulevard and 30,800 vehicles per day on Eubank Boulevard, totaling 52,100 vehicles per day. The minimum divisible space is 330 square feet, while the maximum contiguous space available is 1,085 square feet. Currently, 2,797 square feet are vacant. The property is zoned MX-M and located in Bernalillo County. Ample parking is provided with a 3:1000 ratio. This is a unique opportunity for businesses seeking a high-visibility location with existing cannabis licensing.

    Property Features for 2308 Eubank Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,659 SF
    Total Rate
    11488.5

    Spaces For Lease

    at 2308 Eubank Blvd, Albuquerque, NM 87112 Contact us
    Unit Move In Ready Two Room Suite Upstairs

    $20 /Mo

    Size
    442 SF
    Contact us
    Unit Two Room Suite Upstairs

    $20 /Mo

    Size
    340 SF
    Contact us
    Unit Large Suite Downstairs

    $20 /Mo

    Size
    1,085 SF
    Contact us
    Unit Two Room Suite Downstairs

    $20 /Mo

    Size
    330 SF
    Contact us
    Unit Four Room Suite Downstairs

    $20 /Mo

    Size
    600 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Coralee Quintana
    Coralee Quintana

    Learn more

    Property Insight Report

    HighLights

    • 7,659 SF retail building with multiple suites available for lease.
    • Spaces range from 330 SF to 1,085 SF, with 2,797 SF currently vacant.
    • Building is currently licensed for cannabis cultivation and production.
    • Shared event space available.
    • High traffic location with 52,100 VPD (vehicles per day) on Menaul and Eubank Boulevards.
    • 3:1000 parking ratio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Herban Oasis Apothecary ... (Bike/Boat/Book/etc) Store Gallegos & Gallegos Investment Law Firm Body curves sculpting Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.53279591082
    Latitude
    35.109808583881

    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
    • $1,150 /Mo
      17,860 SF

      Albuquerque Office Space For Rent

      Private corner office space available in Albuquerque, New Mexico.
      1101 Cardenas Dr NE, Albuquerque, NM 87110
      View Details
    • $3,150 /Mo
      8,712 SF

      Albuquerque Office/Retail Space For Rent

      Well-located office/retail building off Candelaria Blvd in Albuquerque, NM.
      11920 Candelaria Rd NE, Albuquerque, NM 87112
      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
    • $1,800 /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
    • $4,535 /Mo
      13,939 SF

      Updated Diner on Route 66

      Updated diner for lease on Central Avenue near Downtown.
      725 Central Ave NE, Albuquerque, NM 87102
      View Details
    • $12,500 /Mo
      50,094 SF

      Albuquerque Industrial Space For Lease

      Functional industrial property in Albuquerque's Sawmill District, available immediately.
      1501 12Th St NW, Albuquerque, NM 87104
      View Details
    • $1,500 /Mo
      12,632 SF

      Albuquerque Office Space For Rent

      Four private offices available with utilities and internet included.
      608 Chama St NE, Albuquerque, NM 87108
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail, Multiple Suites Available
    Where is this retail property located?
    The property is located at 2308 Eubank Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 7,659 SF retail building with multiple suites available for lease.; Spaces range from 330 SF to 1,085 SF, with 2,797 SF currently vacant.; Building is currently licensed for cannabis cultivation and production.
    (505) 639-1266
    Request Owner's contact information
    2308 Eubank Blvd Albuquerque, NM 87112
    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.
    2308 Eubank Blvd
    Albuquerque, NM 87112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2308 Eubank Blvd Albuquerque, NM 87112
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Coralee Quintana
    Coralee Quintana
    Real Estate License ID: 48091AB
    (505) 639-1266
    Learn more
    Google sign-in failed. Please try again or use another login method.