Property profile

5640 Wyoming Blvd NE Albuquerque, NM 87111

FOR LEASE
Drive through restaurants
Property ID
US61-0259890
3,036 SF 1.67 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,100 square foot retail pad site presents a unique investment opportunity in Albuquerque's desirable NE Heights submarket. Located at the southeast corner of Wyoming Boulevard and Academy Road, this single-tenant space boasts unparalleled visibility and accessibility. The property benefits from a highly desirable location within a thriving retail center anchored by major national brands including Walmart and Kroger (Smith's). The immediate vicinity also includes other significant retailers such as PetSmart, Whole Foods, and HomeGoods, ensuring high foot traffic and strong consumer demographics. The site's strategic placement at a major intersection guarantees maximum exposure to a dense population base. The entire 3,100 square feet is currently vacant, offering a blank canvas for a variety of restaurant concepts or other retail uses. This property is ideally suited for businesses seeking a high-traffic location with established brand synergy and a strong customer base. The address is 5640 Wyoming Blvd NE, Albuquerque, NM 87111, within the NE Heights submarket. This is a rare opportunity to establish a presence in a prime retail location with exceptional visibility and access. The property is categorized as a retail space, specifically suited for a restaurant tenant. Its location in Albuquerque, New Mexico, offers a strong market for retail businesses.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Total area 3,036 SF
Lot 1.67 ac (72,571 SF)
APN 1-019-062-477-008-4-07-01
UPID US61-0259890

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5640 Wyoming Blvd NE Albuquerque, NM 87111
Albuquerque metro Census 3717 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2023
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2007
Price N/A
1998
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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