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Property profile & analytics
OFF-MARKET
Retail space

106 Caldwell Ave Belen, NM 87002

14,250 SF 8.49 ac lot
Property ID
US61-0798518
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Total area 14,250 SF
Lot 8.49 ac (369,824 SF)
UPID US61-0798518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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