111 Coors NW Blvd Albuquerque, NM 87121-2006
Property profile & analytics
111 Coors NW Blvd Albuquerque, NM 87121-2006
- Strip malls
- 74,212 SF
- 9.15 lot acres
Property ID
US61-0278667
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.
Location Intelligence
Current Use by Public Records
- Abshere Philip M DDS / Dental Office
- Family Dollar / Discount Store
- Route 66 Children's Dentistry & Orthodontics West / Dental Office
- Dr. Shaun M. Lee, DDS / Dental Office
- Lee Byong-Hwi DDS / Dental Office
Property Details for 111 Coors NW Blvd
- Year built
- 1978
- Lot size
- 9.15 lot acres
- Property size
- 74,212 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 1-010-057-442-332-1-01-01
- APU
- 101005744233210101
Description
This exceptional investment opportunity presents the Coors Central Shopping Center, a 72,576 square foot multi-tenant retail center located at 111 Coors Blvd NW in Albuquerque, New Mexico. Shadow anchored by a high-performing Smith's (Kroger) grocery store, this property boasts a 92% occupancy rate and a strong net operating income (NOI) of $836,770, representing a 7.50% cap rate. The asking price is $11,157,000, translating to $153.73 per square foot. Situated on a 9.89-acre lot at a hard corner intersection with traffic exceeding 54,000 cars daily, the center benefits from high visibility and convenient access to Interstate 40. The diverse tenant mix includes long-term occupants with many exceeding 25 years of tenancy, such as Family Dollar, Sally Beauty, and H&R Block. Recent additions of investment-grade tenants like Chase and dd's Discounts (Ross Stores, Inc.) further solidify the center's financial strength and leasing momentum. This stabilized investment offers significant in-place income and is priced well below replacement cost, presenting a rare opportunity to acquire a grocery-shadow anchored center in a growing Albuquerque trade area with abundant parking. The staggered lease rollovers and history of high renewal rates contribute to the long-term predictability and cash flow stability of this property.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,195,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.713
- Latitude
- 35.0819
- 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
$91,378
$945,517
$959,140
$1,904,657
-
$2,836,834
$2,877,709
$5,714,543
