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    110 Juan Tabo Blvd Albuquerque, NM 87123
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    Property profile & analytics

    110 Juan Tabo Blvd, Albuquerque, NM 87123

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    • Lifestyle centers
    • 99,315 SF
    • 10.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wienerschnitzel / Restaurant / Take-out & Catering

    Property Details for 110 Juan Tabo Blvd

    Lot size
    10.84 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Franklin Plaza, a prime Albuquerque retail investment opportunity, is offered at $4,500,000. This exceptional 99,315 square foot shopping center sits on a rare 10.837-acre infill site in the desirable Southeast Heights, boasting a highly visible location at the hard corner of Juan Tabo Boulevard and Central Avenue. The property comprises three single-story buildings, zoned MX-H, providing significant flexibility for future development and expansion. Currently generating a Net Operating Income (NOI) of $74,417, Franklin Plaza presents a compelling return on investment. Its strategic location within a densely populated residential area ensures consistent foot traffic and strong tenant demand. The expansive lot size offers substantial potential for redevelopment or expansion of existing structures, catering to a wide range of retail concepts. The existing tenant, Wienerschnitzel, contributes to the property's current income stream. This is a unique opportunity to acquire a well-positioned retail center with significant upside potential in a thriving Albuquerque market. The property's address is 110 Juan Tabo Blvd NE, Albuquerque, NM 87123. Serious inquiries only.

    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
    -106.514
    Latitude
    35.0706

    Comparable in this City

    • Value Estimation
      $550,000
      12,820 SF

      800 Juan Tabo NE Blvd

      MINI-MALL
      800 Juan Tabo NE Blvd, Albuquerque, NM 87123-1444
      View Details
    • Value Estimation
      $1,835,000
      134,112 SF

      300 Eubank NE Blvd

      MINI-MALL
      300 Eubank NE Blvd, Albuquerque, NM 87123-2755
      View Details
    • Value Estimation by Request
      2.12 Acres

      10801 Chico NE Rd

      MINI-MALL
      10801 Chico NE Rd, Albuquerque, NM 87123
      View Details
    • Value Estimation
      $550,000
      21,785 SF

      601 Juan Tabo NE Blvd

      MINI-MALL
      601 Juan Tabo NE Blvd, Albuquerque, NM 87123-1466
      View Details
    • Value Estimation by Request
      2,965 SF

      8920 Central SE Ave

      SHOPPING CENTER, STRIP CENTER
      8920 Central SE Ave, Albuquerque, NM 87123-2506
      View Details
    • Value Estimation by Request
      12,000 SF

      12925 Central NE Ave

      SHOPPING CENTER, STRIP CENTER
      12925 Central NE Ave, Albuquerque, NM 87123-5532
      View Details

    Similar Nearby for Sale

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      1,558 SF

      Retail or Restaurant Space Available

      Retail or restaurant space for sale or lease.
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      4,080 SF

      Restaurant/Commissary with Drive-Up Window

      Turn-key restaurant with drive-up, multiple kitchens, and BBQ pit.
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      5,376 SF

      845 Juan Tabo Blvd NE, Albuquerque, NM 87123

      Retail space
      845 Juan Tabo Blvd NE, Albuquerque, NM 87123
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    • $4,340,000

      Retail Property on Hard Corner

      Fully leased retail property with drive-thru and fee simple ownership.
      845 Juan Tabo Blvd NE, Albuquerque, NM 87123
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      10,000 SF

      Industrial Building Near Kirkland AFB

      Tenant-occupied industrial building with six bays near Kirkland AFB.
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      Versatile Land with Income Potential

      5.38-acre property with commercial, industrial zoning, and income opportunities.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Shopping Center For Rent

      Retail shopping center anchored by Dollar General and Chuze Fitness.
      800 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      2,000 SqFt retail or office space available for rent.
      13031 Central Ave, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Central Avenue Showroom/Retail Space

      Showroom/retail space with office, shop, and fenced lot.
      12020 Central Ave SE, Albuquerque, NM 87123
      View Details
    • $2,000 /Mo
      33,977 SF

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Ave SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      10,440 SF

      Central Avenue Freestanding Retail/Showroom

      Freestanding retail/showroom with maintenance shop and ample parking.
      12020 Central Ave SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      600 SF

      Retail Space on Juan Tabo

      1200 SF retail space available for rent.
      800 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
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    Albuquerque, NM 87123
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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