1530-1540 Tramway Blvd Albuquerque, NM 87112
Property profile & analytics
1530-1540 Tramway Blvd Albuquerque, NM 87112
- Retail properties & Spaces
- 14,001 SF
- 2.32 lot acres
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1530-1540 Tramway Blvd
- Year built
- 1987
- Lot size
- 2.32 lot acres
- Property size
- 14,001 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This Albuquerque, NM retail center, located at 1530-1540 Tramway Blvd NE, offers a compelling investment opportunity. The 14,001 square foot property sits on a 2.32-acre lot and boasts a 7.50% cap rate with a Net Operating Income (NOI) of $154,931.62. Currently 100% occupied by three tenants—Snap Fitness (with a new 10-year lease), Balanced Physical Therapy (new 5-year lease), and Waggin’ Tails Dog Grooming (5-year renewal)—this stabilized investment features recession-resistant businesses. Built in 1987, the single-building property is zoned MX-M and benefits from a prime location in the Northeast Heights submarket, visible from Tramway Blvd. The area is characterized by a high concentration of residential homes, with approximately 40% of Albuquerque's residents living within a 5-mile radius, and an average household income of $73,000 within 1 mile. The asking price is $2,065,754, translating to a land value of $147.54 per square foot. The property is a condominium and excludes the View Event Center. This is a rare opportunity to acquire a well-positioned, high-performing retail center with strong long-term lease agreements. The property is anchored by CVS and Walgreens and enjoys a beautiful backdrop of the Sandia Mountains.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.496
- Latitude
- 35.0957
