106 Caldwell Ave Belen, NM 87002
This exceptional Belen, New Mexico property offers a unique investment opportunity encompassing 14,250 square feet of vacant junior anchor space and multiple available retail pads. Located at 106 Caldwell Ave, in the Los Lunas submarket of Albuquerque, this shopping center presents significant potential. The former Bealls location, a spacious 14,250-square-foot junior anchor space, features a flexible open floor plan and built-out dressing rooms. Five spaces are available, with a minimum divisible size of 1,360 square feet and a maximum contiguous space of 14,250 square feet. The property sits on 8.49 acres of land, with individual pad sites ranging from 0.5 to 1.22 acres, ideal for new construction. Benefitting from excellent visibility on Reinken Ave, the center boasts two monument signs and ample building facade signage opportunities, including multiple end cap locations. Convenient access and ample parking are provided via direct connection to Reinken Ave. The property is zoned C-1 and is situated in Valencia County, New Mexico, zip code 87002. The strategic location is further enhanced by a nearby CU Anytime ATM, driving additional foot traffic. This property presents a compelling opportunity for businesses seeking high-visibility retail or office space in a thriving New Mexico market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.