4770 Montgomery Blvd Albuquerque, NM 87109
- Strip malls
- 65,478 SF
- 5.77 lot acres
Current Use by Public Records
- Aamco / Auto Repair Shop
- Farmers Insurance - Andre Moore / Life Insurance Agency / Motorcycle Insurance Agency
- Avis Car Rental / Car Rental Agency / Van Rental Agency
- Budget Car Rental / Car Rental Agency / Van Rental Agency
- The Recognition Place (TRP) / Engraver / Gift Shop
Property Details for 4770 Montgomery Blvd
- Year built
- 1986
- Lot size
- 5.77 lot acres
- Property size
- 65,478 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1-017-060-450-486-1-16-01
- APU
- 101706045048611601
Description
Fiesta Crossings Retail Center, located at 4770 Montgomery Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. This multi-tenant retail center boasts a total building area of 65,574 square feet, currently featuring a small vacancy of 2,240 square feet, offering potential for immediate income generation or expansion. The property is zoned MX-M, providing flexibility for a variety of commercial uses. Its prime location in Bernalillo County, with a zip code of 87109, ensures high visibility and accessibility for businesses and customers alike. The center's address is easily identifiable and situated within a well-established commercial area of Albuquerque. The property's Asset Property Number (APN) is 101706045048611601. This retail center is ideal for investors seeking a stable, income-producing asset in a thriving New Mexico market. The existing tenant mix offers a diverse range of businesses, creating a vibrant and attractive shopping destination. The relatively small vacant space presents a unique opportunity for expansion or lease to a new tenant, further increasing the property's value and rental income. The MX-M zoning allows for a wide array of potential uses, making this property a versatile and attractive investment. The property's location in Albuquerque, New Mexico, offers a strong potential for growth and return on investment. This is a rare opportunity to acquire a well-established retail center in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $960,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,330,000
- 7%
- $1,325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,315,000
- Geo Method
- $1,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,140,000
- Retail
- $1,560,000
- Mixed-Use
- $1,440,000
- Hospitality
- $1,250,000
- Educational
- $1,380,000
- Residential Income
- $1,565,000
- Energy
- $1,300,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,130,000
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.589
- Latitude
- 35.1298
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA