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Property profile & analytics
OFF-MARKET Estimated value $440,000
Drug stores

10300 Central SE Ave Albuquerque, NM 87123-2732

16,576 SF 1.77 ac lot Built 2005
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US61-0317129
Property summary
AI-generated overview

This exceptional 16,510 square foot freestanding retail or restaurant building presents a unique sublease opportunity. Situated on a 1.82-acre lot in Bernalillo County, this property boasts an unparalleled location at a signalized hard corner intersection of two major thoroughfares, ensuring superior visibility and accessibility. The building is in excellent condition and features a rare, large-format drive-thru, a highly desirable amenity for many businesses. With multiple access points and exceptional exposure to a daily traffic count exceeding 60,925 vehicles, this location guarantees significant foot and vehicle traffic. The sublease agreement with the current tenant, Walgreens, extends until April 1, 2031, providing long-term stability. All offers are subject to the approval of the Walgreens Real Estate Committee. This is an exceptional chance to secure a prime retail space in a high-traffic area with strong visibility and a proven track record. The property's size and features make it ideal for a variety of retail or restaurant concepts. Don't miss this opportunity to establish your business in a highly desirable location.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2005
Total area 16,576 SF
Lot 1.77 ac (77,058 SF)
APN 1-020-056-527-485-1-16-17
UPID US61-0317129
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy Pharmacy
  • Walgreens Pharmacy
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Safstor Storage Facility
  • FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k
Owner & transaction history
Sarex Aa · 7 yrs held
Sarex Aa
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.5M +3.7%
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