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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1100 San Mateo NE Blvd Albuquerque, NM 87110-6481

    • Strip malls
    • 87,238 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0156505
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sugar Crush / Bakery / Specialty Food Shop
    • Pioneer Ace Hardware / Building Supply / Hardware & Home Improvement
    • Quarter Celtic Brewpub / Bar & Pub / Restaurant
    • Dark Oak Tattoo Studio / Tattoo & Piercing Shop
    • Noah Brown Wellness / Gym & Fitness Center

    Property Details for 1100 San Mateo NE Blvd

    Year built
    1962
    Lot size
    4.22 lot acres
    Property size
    87,238 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1-018-058-024-045-3-01-03
    APU
    101805802404530103

    Description

    This exceptional retail opportunity is located within the Shops at ACE Courtyard, a well-established center at 1100 San Mateo Blvd NE, Albuquerque, NM 87110. The property boasts a prime location with excellent visibility from San Mateo Blvd NE and Lomas Blvd. This storefront space offers a minimum of 1,188 square feet, perfect for a variety of retail uses, with the potential to expand up to 11,348 contiguous square feet within the larger 66,420 square foot center. The building was constructed in 1962 and sits on a 5-acre lot. Floor-to-ceiling windows provide superb natural light and maximize visibility to passing traffic, ensuring high foot traffic and brand exposure. The property is zoned MX-M, allowing for a range of commercial uses. This is an ideal location for businesses seeking high visibility and accessibility in a thriving Albuquerque neighborhood. The multiple tenancy structure offers a diverse and vibrant shopping environment. This space presents a unique opportunity to establish or expand your retail presence in a prime Albuquerque location. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,005,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,005,000
      Market price range: $1.01M - $3.74M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.585
    Latitude
    35.0883
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,668
    $456,446
    $224,481
    $680,927
    -
    $1,369,476
    $673,511
    $2,042,987

    Comparable in this City

    • Value Estimation by Request
      1,258 SF

      1303 San Pedro NE Dr

      SHOPPING CENTER, STRIP CENTER • 1,258 SF
      1303 San Pedro NE Dr, Albuquerque, NM 87110-6727
      View Details
    • Value Estimation
      $2,530,000
      132,768 SF

      3621 Menaul NE Blvd

      SHOPPING CENTER, STRIP CENTER • 132,768 SF
      3621 Menaul NE Blvd, Albuquerque, NM 87110-2829
      View Details
    • Value Estimation by Request
      13,834 SF

      5600 Menaul NE Blvd

      SHOPPING CENTER, STRIP CENTER • 13,834 SF
      5600 Menaul NE Blvd, Albuquerque, NM 87110-3234
      View Details
    • Value Estimation
      $515,000
      21,576 SF

      4914 Lomas NE Blvd

      SHOPPING CENTER, STRIP CENTER • 21,576 SF
      4914 Lomas NE Blvd, Albuquerque, NM 87110-6340
      View Details
    • Value Estimation by Request
      27,018 SF

      2404 San Mateo NE Pl, Unit 40

      SHOPPING CENTER, STRIP CENTER • 27,018 SF
      2404 San Mateo NE Pl, Albuquerque, NM 87110-4057
      View Details
    • Value Estimation by Request
      12,987 SF

      1701 San Pedro NE Dr

      SHOPPING CENTER, STRIP CENTER • 12,987 SF
      1701 San Pedro NE Dr, Albuquerque, NM 87110-6735
      View Details

    Similar Nearby for Sale

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    • $140,000
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      Retail Property on San Mateo

      Retail property available for sale in Albuquerque, New Mexico.
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      Retail Space on San Mateo

      Retail property on a hard corner with high traffic.
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    • $1,300,000
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      Retail Space in High-Traffic Area

      Retail property with high visibility in Albuquerque, NM.
      5205 Menaul Blvd NE, Albuquerque, NM 87110
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Hoffmantown Shopping Center Retail Space

      Retail space available in established Albuquerque shopping center.
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    • $12 SF/Yr
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      Albuquerque Retail Center

      Prime Northeast Albuquerque Shopping Center
      3100 San Mateo Blvd, Albuquerque, NM 87110
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    • $10 SF/Yr
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      Retail Center Anchor Spaces Available

      Retail center with anchor spaces and pad site available.
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      View Details
    • $13 SF/Yr
      101,654 SF

      Grocery-Anchored Retail Space Available

      Retail space for lease in a grocery-anchored neighborhood shopping center.
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      Winrock Restaurant Sublease

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      Prime Retail Spaces, Albuquerque

      High-visibility corner retail, I-40 access.
      2529 San Mateo Blvd, Albuquerque, NM 87110
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    Albuquerque, NM 87110-6481
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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