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    2820 Central Ave Albuquerque, NM 87106

    • Strip malls
    • 16,946 SF
    • 0.80 lot acres
    For Lease
    View listing
    Value Estimation
    $550,000
    Location Intelligence
    Property ID
    US61-0214962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Panera Bread / Sandwich Shop / Soup Restaurant
    • Panda Express / Chinese Restaurant / Asian Restaurant
    • Cravens Law LLC / Personal Injury Attorney
    • Cravens Richard H. IV / Medical Clinic
    • Bridge Viewpoint / Tourist Attraction

    Property Details for 2820 Central Ave

    Year built
    1956
    Lot size
    0.80 lot acres
    Property size
    16,946 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1-016-057-247-286-3-32-09
    APU
    101605724728633209

    Description

    College Plaza, located at 2820 Central Avenue Southeast in Albuquerque, New Mexico, presents a unique opportunity to lease a fully renovated 2,240 square foot retail space. This property, situated on a prominent hard corner at the intersection of Central and Girard, benefits from exceptional visibility and high vehicular and pedestrian traffic. Built in 1956 and recently renovated in 2024, the building features a completely updated exterior and new TPO roofs. The space is currently vacant and zoned MX-M, making it suitable for a variety of retail or restaurant uses. A significant advantage is the dedicated parking for tenants and employees, a rare feature in this area. Furthermore, the property's proximity to an ART Bus station within 200 feet enhances accessibility. Located in the UNM/Nob Hill submarket of Bernalillo County (zip code 87106), College Plaza offers a thriving commercial environment with strong potential for success. The property's recent renovation ensures modern amenities and a fresh, appealing aesthetic for prospective tenants. This is an exceptional opportunity to establish a business in a high-traffic, well-located retail center.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.614
    Latitude
    35.0805
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,822
    $76,365
    $211,729
    $288,094
    -
    $229,118
    $635,252
    $864,370

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    Albuquerque, NM 87106
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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
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