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    7697-7797 Palomas Ave Albuquerque, NM 87122

    For Lease
    Contact for pricing

    Prime NE Heights Retail Space Available

    Lot size:
    51,486 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Paseo Crossing, located at 7697-7797 Palomas Ave NE, Albuquerque, NM 87122, offers exceptional retail space in Albuquerque's desirable Northeast Heights. This Class A property boasts a total of 51,486 square feet across four single-story buildings situated on a generous 5.85-acre lot. The property is zoned MX-L and features convenient access to Wyoming Blvd. Currently, 1,203 square feet of retail space is immediately available, with a minimum divisible space of 1,203 square feet, providing flexibility for various business needs. The property's location in the high-income Northeast Heights ensures high visibility and foot traffic. The property's APN is 101906330748910501 and is situated in Bernalillo County. This is a multi-tenant retail opportunity ideal for businesses seeking a prominent location in a thriving Albuquerque neighborhood. The property's size and layout offer significant potential for growth and expansion. Don't miss this chance to secure your space in this exceptional retail center. Inquire today to learn more about leasing opportunities.

    Property Features for 7697-7797 Palomas Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,486 SF
    Class
    A

    Building Details

    Buildings
    4
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B3
    Size
    1,775 SF

    HighLights

    • High‑traffic location at Albuquerque's 9th busiest intersection.
    • Signalized access at Paseo Del Norte & Wyoming Blvd., and Wyoming Blvd. & Palomas Ave.
    • Rare Paseo Del Norte access; full access on Palomas Ave.
    • Major river crossing location on Paseo Del Norte connecting east and west sides of Albuquerque.
    • High‑visibility site with nearly 175,000 SF of retail potential at Paseo Del Norte and Wyoming Blvd. intersection.
    • Desirable NE Heights location with high household incomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    8000 Paseo Del ... Shopping Mall

    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
    -106.5584039
    Latitude
    35.1734533

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    FAQs

    What type of property is this?
    Individual retail property - Prime NE Heights Retail Space Available
    Where is this individual retail property located?
    The property is located at 7697-7797 Palomas Ave Albuquerque, NM.
    What are key features of this property?
    This property features: High-traffic location at Albuquerque's 9th busiest intersection.; Signalized access at Paseo Del Norte & Wyoming Blvd., and Wyoming Blvd. & Palomas Ave.; Rare Paseo Del Norte access; full access on Palomas Ave.
    Request Owner's contact information
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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
    7697-7797 Palomas Ave Albuquerque, NM 87122
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