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Property profile & analytics
OFF-MARKET
Strip malls

110 98th NW St Albuquerque, NM 87121-8796

9,700 SF 4.79 ac lot Built 2008
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0290469
Property summary
AI-generated overview

This exceptional retail opportunity is located at the highly visible intersection of 98th Street and Central Avenue in Albuquerque, New Mexico, offering unparalleled access and visibility. The Shops @ 98th is a single-story, 21,735 square foot anchored strip center with one available in-line shop space of 1,250 square feet. The property boasts multiple access points for convenient customer entry and exit. Benefit from the strong co-tenancy with established national brands including McDonald's, Starbucks, and Dollar Tree, ensuring consistent foot traffic and brand synergy. This prime location enjoys exceptional visibility and accessibility, situated near Interstate 40, catering to a large customer base. The high-traffic intersection sees a combined daily vehicle count of 53,100 (37,400 on 98th Street and 15,700 on Central Avenue). The property serves a thriving residential area, encompassing 33,052 households within a three-mile radius in the rapidly expanding West Mesa submarket of Bernalillo County. This presents a unique chance to establish or expand your business in a high-demand location with proven success. The property is located at 110 98th St NW, Albuquerque, NM 87121.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Total area 9,700 SF
Lot 4.79 ac (208,827 SF)
APN 1-009-057-090-075-3-04-39
UPID US61-0290469
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
  • MVD Now Department Of Motor Vehicles Notary Public
  • check n go, Check `n Go Store Directory Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Krania LLC · 11 yrs held
Krania LLC
since 2014
3 recorded transactions
2014
Price N/A
2009
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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