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    1698 Rio Bravo Blvd Albuquerque, NM 87105

    For Lease
    $18 SF/Yr

    South Valley retail space available; high traffic location.

    Lot size:
    22,405 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents 22,405 square feet of space within the well-established Rio Bravo Shopping Center, located in the South Valley submarket of Bernalillo County. The single-story, 1988-built Class B property features nine suites, with a significant 8,573 square feet currently vacant, offering a minimum divisible space of 1,100 square feet and a maximum contiguous space of 8,573 square feet. The property sits on a 2.7-acre lot and boasts ample parking with a 5:1,000 ratio. Benefitting from high visibility and over 300 feet of frontage along Rio Bravo Boulevard, this key retail intersection sees substantial traffic, with Rio Bravo Boulevard averaging 23,950 vehicles per day and Isleta Boulevard SW averaging 21,290 vehicles per day. The property is zoned SU-SC (Bernalillo County) and is situated near established businesses, including McDonald's and area medical providers such as Presbyterian Health Clinic and Albuquerque Health Partners. The South Valley submarket, specifically the Rio Bravo Boulevard corridor, presents an underserved retail area, with only approximately 9.10 square feet of retail space per capita, compared to approximately 45.10 square feet in the Far Northeast Heights. This presents a unique opportunity for businesses to tap into a growing market. The property's location and high traffic counts make it an ideal location for a variety of retail uses. The APN is 101205330841610720.

    Property Features for 1698 Rio Bravo Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,405 SF
    Class
    B
    Total Rate
    33607.5

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite L
    Size
    6,108 SF
    Rate per SF
    $18

    HighLights

    • 22,405 SF retail shopping center with 8,573 SF available for lease.
    • Located in the Rio Bravo Blvd corridor of the South Valley submarket, Bernalillo County.
    • Features 9 suites, with a minimum divisible space of 1,100 SF and a maximum contiguous space of 8,573 SF.
    • High visibility with over 300 feet of frontage on Rio Bravo Blvd, adjacent to McDonald's.
    • Ample parking (5 spaces per 1,000 SF), zoned SU‑SC, Bernalillo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wash Tub Laundromat Laundromat Comfort Dental of Rio ... Dentist McGarry Cody DDS Dentist New Mexico Credit ... Loan Agency Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -106.68174574218
    Latitude
    35.026320529933

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    FAQs

    What type of property is this?
    Neighborhood center - South Valley retail space available; high traffic location.
    Where is this neighborhood center located?
    The property is located at 1698 Rio Bravo Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 22,405 SF retail shopping center with 8,573 SF available for lease.; Located in the Rio Bravo Blvd corridor of the South Valley submarket, Bernalillo County.; Features 9 suites, with a minimum divisible space of 1,100 SF and a maximum contiguous space of 8,573 SF.
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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
    1698 Rio Bravo Blvd Albuquerque, NM 87105
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