1511 Goff Blvd Albuquerque, NM 87105
- Strip malls
- 17,186 SF
- 2.24 lot acres
Current Use by Public Records
- Pizza 9 South Valley / Pizza Restaurant
- Iglesia Universal / Church
- Domino's pizza / Pizza Takeout
- Dollar Tree / School Supply Store / Variety Store
- Jimmy's Best Appliance Repair / Small Appliance Repair Service / Appliance Repair Service
Property Details for 1511 Goff Blvd
- Year built
- 1988
- Lot size
- 2.24 lot acres
- Property size
- 17,186 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1-012-055-398-403-1-09-06
- APU
- 101205539840310906
Description
This exceptional 3,014 square foot retail pad site, located at 1511 Goff Boulevard Southwest in Albuquerque, New Mexico, presents a unique investment opportunity. Situated on a 0.75-acre lot within the A1-SU zoned South Valley submarket of Bernalillo County (zip code 87105), this single-tenant property offers unparalleled visibility and accessibility. The site is an outparcel of the Plaza Rio Retail Center, benefiting from the significant traffic generated by anchor tenants such as Dollar Tree, a newly leased Pizza 9, and the Universal Church. Furthermore, its proximity to a Smith's Price Rite grocery store, attracting over 640,000 annual visitors, ensures a substantial customer base. The property boasts convenient access for southbound traffic via a right-in/right-out access point directly to the site, with additional access available through the Smith's parking lot. This location is ideal for a drive-thru business. The owner is flexible and open to both ground lease and build-to-suit options, accommodating potential tenants seeking up to a 3,000 square foot building. This property represents a rare chance to establish a thriving business in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $705,000
- 6.5%
- $730,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $775,000
- Retail
- $760,000
- Mixed-Use
- $675,000
- Hospitality
- $770,000
- Educational
- $680,000
- Residential Income
- $630,000
- Energy
- $780,000
- Income-Based Land
- $610,000
- Food Service
- $775,000
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.679
- Latitude
- 35.0551
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
