Property profile

10200 Corrales NW Rd Albuquerque, NM 87114

OFF-MARKET
Strip malls
Property ID
US61-0216096
12,378 SF 4.13 ac lot Built 1984
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents two available spaces within the established Las Tiendas de Corrales Shopping Center, located at 10200 Corrales Rd, Albuquerque, NM 87114. Built in 1984, this single-story shopping center comprises five buildings totaling multiple suites. The available spaces range from 557 to 711 square feet, ideal for a variety of retail uses. The property enjoys a highly desirable Northwest Albuquerque location, benefiting from convenient access via NM 528, Corrales Road, and Coors Blvd, making it easily accessible for commuters from Corrales and Rio Rancho. Its proximity to Cottonwood Corners and Cottonwood Mall Shopping Center further enhances its visibility and accessibility. The center is strategically positioned near popular establishments such as Flying Star, Sprouts Farmers Market, and Satellite Coffee, as well as the charming Village of Corrales. The strong tenant mix includes Boxing Bear Brewing Company, Little Anita's, Star Tattoo, Village Salon Studios, Acupuncture & Herbal Center, Kobe Pho, Double Dragon, and Queen Bee Nails, creating a vibrant and attractive shopping destination. The surrounding area boasts a significant population base, with an estimated 39,100 people within the Alameda CPD and approximately 17,600 in the Corrales CPD, providing a substantial customer pool for potential tenants. This is a rare chance to secure retail space in a thriving, well-established center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Total area 12,378 SF
Lot 4.13 ac (179,859 SF)
APN 1-014-065-332-513-1-04-02
UPID US61-0216096

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Restaurant
  • Medical Clinic Alternative Medicine Practice
  • Pet Grooming Service
  • Barber Shop

Location

10200 Corrales NW Rd Albuquerque, NM 87114-9268
Albuquerque metro Census 4716 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$508k
Blend (final) Blend
$575k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $710,000 +94.3%
Medical building $660,000 +79.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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