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    5001 Cutler Ave Albuquerque, NM 87110

    Sponsored
    For Sale
    $1,999,000

    High-yield retail investment, strong tenant.

    Property size:
    13,047 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a freestanding, 13,047-square-foot Office Depot retail building situated on a 1.006-acre lot in Albuquerque, New Mexico. The property boasts a highly desirable C-2 zoning and benefits from a corporate-guaranteed, 5-year net lease (NN) with a remaining term of approximately 3.9 years. The lease commenced October 1, 2023, and expires September 30, 2028, featuring built-in rent increases. The property's strong financial performance is reflected in its attractive 8.32% cap rate and a substantial net operating income (NOI) of $166,349. The asking price is $1,999,000, translating to a price per square foot of $153.22. Located at 5001 Cutler Ave NE, Albuquerque, NM 87110, this single-tenant property enjoys a prominent position in a high-traffic retail corridor, offering excellent pylon signage, visibility, and accessibility. The lease includes two options for renewal, providing long-term stability and potential for future growth. This is a rare opportunity to acquire a well-performing, net-leased retail asset with a strong corporate tenant and significant upside potential. The property's location and tenant strength make it an ideal addition to any diversified investment portfolio.

    Property Features for 5001 Cutler Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,047 SF
    Lot Size
    43,821 SF

    Building Details

    Buildings
    1

    HighLights

    • $1,999,000 asking price for this freestanding retail property.
    • Net lease investment opportunity with a corporate guarantee from Office Depot.
    • Single‑tenant, 13,047 square foot building on a 1.006‑acre lot, zoned C‑2.
    • 5‑year lease (NN) commencing October 1, 2023, with 3.9 years remaining and two lease options.
    • 8.32% cap rate, generating $166,349 in net operating income (NOI), with a price per square foot of $153.22.
    • High‑traffic location in Albuquerque, NM, offering excellent pylon signage, visibility, and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Depot Office Supply Store Office Depot Tech ... Computer Service CDReload - Online Bitcoin ... Crypto Atm Office Depot Print ... Copy Shop FedEx ShipSite Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -106.5892536
    Latitude
    35.105762

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment, strong tenant.
    Where is this individual retail property located?
    The property is located at 5001 Cutler Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: $1,999,000 asking price for this freestanding retail property.; Net lease investment opportunity with a corporate guarantee from Office Depot.; Single-tenant, 13,047 square foot building on a 1.006-acre lot, zoned C-2.
    (505) 238-7707
    Request Owner's contact information
    5001 Cutler Ave Albuquerque, NM 87110
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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
    5001 Cutler Ave Albuquerque, NM 87110
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