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    5001 Cutler Ave Albuquerque, NM 87110

    • Retail space
    • 12,644 SF
    • 1.01 lot acres
    For Sale
    View listing
    $1,999,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0069054
    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

    • Office Depot / Office Supply Store / Business To Business Service
    • Office Depot Tech Services / Business To Business Service / Computer Consultant
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Office Depot Print & Copy Services / Copy Shop / Business To Business Service
    • FedEx ShipSite / Mailing Service

    Property Details for 5001 Cutler Ave

    Year built
    2004
    Lot size
    1.01 lot acres
    Property size
    12,644 SF
    Property type
    Retail space
    APN
    1-017-059-451-139-1-09-02
    APU
    101705945113910902

    Description

    This exceptional investment opportunity presents a freestanding, 13,047-square-foot Office Depot retail building situated on a 1.006-acre lot in Albuquerque, New Mexico. The property boasts a highly desirable C-2 zoning and benefits from a corporate-guaranteed, 5-year net lease (NN) with a remaining term of approximately 3.9 years. The lease commenced October 1, 2023, and expires September 30, 2028, featuring built-in rent increases. The property's strong financial performance is reflected in its attractive 8.32% cap rate and a substantial net operating income (NOI) of $166,349. The asking price is $1,999,000, translating to a price per square foot of $153.22. Located at 5001 Cutler Ave NE, Albuquerque, NM 87110, this single-tenant property enjoys a prominent position in a high-traffic retail corridor, offering excellent pylon signage, visibility, and accessibility. The lease includes two options for renewal, providing long-term stability and potential for future growth. This is a rare opportunity to acquire a well-performing, net-leased retail asset with a strong corporate tenant and significant upside potential. The property's location and tenant strength make it an ideal addition to any diversified investment portfolio.

    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
    -106.589
    Latitude
    35.1058
    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
    $19,047
    $111,096
    $285,915
    $397,011
    -
    $333,322
    $857,830
    $1,191,152

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    Albuquerque, NM 87110
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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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