Property profile

3700 Ellison Dr Albuquerque, NM 87114

OFF-MARKET
Retail properties & Spaces
43,282 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Albuquerque commercial property, located at 3700 Ellison Dr NW, offers a unique investment opportunity in a thriving business park. The single-story, Class A building boasts a total of 43,282 square feet, encompassing five suites with a minimum divisible space of 4,681 square feet. Currently, the building features a mix of restaurant and retail tenants, creating a vibrant and synergistic environment. The property underwent a complete renovation in 2018, ensuring modern and efficient spaces for potential occupants. Ample parking is available with 272 spaces provided for patrons and employees. The building is conveniently located near Alameda, in Bernalillo County, with easy access to major transportation routes. The zoning designation is NR-BP (Non-residential business park), allowing for a variety of commercial uses. The property benefits from three-phase 120/208Y power. While elevators are not present, the single-story design ensures easy accessibility. Two spaces are currently available, ranging in size from 4,681 to 18,375 square feet, providing flexibility for various business needs. The property's strong tenant base, including established businesses like The Salt Yard and Cheba Hut, and its proximity to numerous national tenants, ensures a high-traffic location with significant visibility. This is an ideal opportunity for investors seeking a well-maintained, strategically located commercial property in Albuquerque, New Mexico, zip code 87114.

Property profile

Verified
Property type Retail properties & Spaces
Total area 43,282 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
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant
  • Hotel & Motel Resort
  • Bar & Pub

Location

3700 Ellison Dr Albuquerque, NM 87114
Albuquerque metro
Google Maps

Value estimations

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3700 Ellison Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message