Added: Mar 26Changed: Oct 13Last Checked: Oct 12 at 4:37PM
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Investment Insights
Based on property information with market context.
Anthea @ The Granite is a 33,000 square foot mixed-use development located in Albuquerque’s NOLO district. Constructed in 2014, the property includes 23 one-, two-, and three-bedroom apartments, which can be converted to dorm-style living, and approximately 7,950 square feet of adaptable ground-floor commercial space. The residential units are currently 87% occupied and are available furnished or unfurnished. They feature full kitchens, in-unit washer/dryers, and balconies. The ground floor has dual entrances, a garage-style window opening to a patio, and visibility along 4th Street. The property has secure, fenced and gated parking, ADA-compliant elevators, an exercise facility, a business center/conference room or program space, on-site laundry, and optional housekeeping, a lobby, and a manager’s office. It is located in a prime Route 66 location with transit access and high visibility from 4th Street, within walking distance to restaurants, retail, and community amenities, and in close proximity to UNM Hospital, Lovelace, Presbyterian Behavioral Health, and VA outpatient clinics. The property's design allows for owner occupancy or tenant adaptation. It is suited for recovery, mental health, transitional, or supportive housing programs, structured sober living, transitional housing, or therapeutic residences. The ground floor is suitable for group meeting rooms, counseling offices, medical intake, or administrative use, with the option to add up to 11 additional units for a total of 34. It is also suitable for medical/behavioral health providers, re-entry programs, youth services, or veteran housing initiatives.
Key Highlights
Adaptable ground‑floor commercial space (±7,950 SF) ideal for various programs.
23 residential units (one-, two-, and three‑bedroom), currently 87% occupied.
Prime Route 66 location with high visibility and transit access.
Top PickElectrical ServiceLocksmithPet Grooming Service(Bike/Boat/Book/etc) StoreGarden CenterMobile Phone Store
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
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Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Vacancy Rate%for Multifamily in West region
7%2022
7.8%2023
8.6%2024
8.6%2025
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Mixed-use property - 33,000 SF mixed-use property with apartments and commercial space.
Where is this mixed-use property located?
The property is located at 950 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Adaptable ground‑floor commercial space (±7,950 SF) ideal for various programs.; 23 residential units (one-, two-, and three‑bedroom), currently 87% occupied.; Prime Route 66 location with high visibility and transit access.
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New: 350 Mission StJust listed · $36/SF · 2 min ago