Property profile

8850 Holly Ave Albuquerque, NM 87122

OFF-MARKET
Retail properties & Spaces
50,000 SF
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Property summary

AI-generated overview

Ventura Place, located at 8850 Holly Ave NE, Albuquerque, NM 87122, offers a prime 1,200 square foot retail space for lease. This grocery-anchored center boasts a strong tenant mix, including Trader Joe's, Jinja, Orange Theory Fitness, Ulta Beauty, Bair Medical Spa, Massage Envy, and Boba Tea. The property is situated at the intersection of Paseo del Norte & Ventura in Albuquerque's Far Northeast Heights submarket, known for its high income levels – specifically, the 87122 zip code boasts an average income exceeding $131,000 within a one-mile radius. This location provides excellent visibility and accessibility. Further enhancing the property's appeal, VCA Animal Hospital is slated to open in 2024, and recent additions include WeWhiten and Xfinity. Adjacent properties have also secured new tenants, Restore Hyperwellness and HotWorx, indicating a thriving and expanding commercial environment. The available space is a minimum of 1,200 square feet, with a maximum contiguous space also of 1,200 square feet. The total building size is 50,000 square feet, and the property is multi-tenant. This presents a unique opportunity for businesses seeking a high-traffic location within a successful and growing retail center.

Property profile

Verified
Property type Retail properties & Spaces
Total area 50,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Cafe & Coffee Shop
  • Weight Loss Service Wellness Center
  • Telecommunications Service Data Center
  • Wedding Service

Location

8850 Holly Ave Albuquerque, NM 87122
Albuquerque metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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