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    5800 Gibson Blvd Albuquerque, NM 87108

    Sponsored
    For Lease
    $25 SF/Yr ($2,916 /Mo)

    1,400 SF Freestanding Retail Building

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,400 square foot freestanding retail building is ideally situated at the signalized intersection of Gibson Boulevard and San Pedro Drive in Bernalillo County. Currently available for sublease, with the master lease expiring January 31, 2027, this property boasts significant visibility and accessibility. Previously occupied by a cannabis dispensary and originally constructed for Papa John's, this adaptable space presents a unique opportunity for a variety of restaurant or retail uses, potentially even accommodating a drive-thru. The building features excellent curb appeal, including prominent building signage and a large pylon sign at the highly trafficked intersection, benefiting from over 20,000 vehicles per day. With 131 feet of frontage on Gibson Boulevard and access points on both Gibson and San Pedro, the property offers convenient access and ample parking with 14 spaces directly in front. The interior layout includes a spacious open sales floor, a back office, storage, and two restrooms. The 0.34-acre lot is zoned MX-L, providing flexibility for various commercial ventures. Its proximity to Kirtland Air Force Base, Sandia National Labs, the VA, UNM, and the Albuquerque Sunport (2.5 miles) ensures a strong customer base. This is a remarkable opportunity to establish a thriving business in a high-traffic, high-visibility location.

    Property Features for 5800 Gibson Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF
    Total Rate
    2916.67

    Unit(s) available at that property

    Space
    Space Available
    Size
    1,400 SF
    Rate per SF
    $25

    HighLights

    • 1,400 SF freestanding retail building on a signalized corner lot.
    • Sublease opportunity expiring January 31, 2027; previously a cannabis dispensary and originally a Papa John's.
    • High visibility location with prominent signage and pylon sign at a busy intersection.
    • Access from Gibson Blvd and San Pedro Dr., with ample parking.
    • Excellent location near Kirtland AFB, Sandia Labs, the VA, UNM, and Albuquerque Sunport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Minerva Canna Cannabis Store Minerva Canna | Cannabis ... Cannabis Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Clothing Store Food Market Grocery Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5772746
    Latitude
    35.0579574

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    FAQs

    What type of property is this?
    Retail property - 1,400 SF Freestanding Retail Building
    Where is this retail property located?
    The property is located at 5800 Gibson Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 1,400 SF freestanding retail building on a signalized corner lot.; Sublease opportunity expiring January 31, 2027; previously a cannabis dispensary and originally a Papa John's.; High visibility location with prominent signage and pylon sign at a busy intersection.
    Request Owner's contact information
    5800 Gibson Blvd 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
    5800 Gibson Blvd Albuquerque, NM 87108
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