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Property profile & analytics
OFF-MARKET Estimated value $940,000
Strip malls

11500 Menaul NE Blvd Albuquerque, NM 87112-2477

26,373 SF 4.98 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US61-0156642
Property summary
AI-generated overview

This exceptional retail property, located at 11500 Menaul Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. Situated on a generous 4.97-acre lot, the single-story building boasts a total of 54,936 square feet. Currently, there is one available space of 1,200 square feet, ideal for a variety of retail or restaurant uses. The property benefits from a strong national co-tenancy, ensuring high foot traffic and visibility. The convenient location at the intersection of Menaul and Juan Tabo boulevards provides excellent access and exposure to a thriving community. The property is zoned MX-L within Bernalillo County, offering flexibility for various commercial uses. The building's size and layout provide ample space for expansion or modification to suit specific business needs. This is a rare opportunity to acquire a well-located retail property in a high-growth area of Albuquerque, offering significant potential for return on investment. The property's address is 11500 Menaul Blvd NE, Albuquerque, NM 87112. The property features a single story and is categorized as Retail, Restaurant, and Office. Multiple tenants currently occupy the space.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 26,373 SF
Lot 4.98 ac (216,711 SF)
APN 1-022-059-066-239-3-30-10
UPID US61-0156642
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
  • Mario's Pizzeria & Ristorante - Juan Tabo and Menaul Restaurant
  • Transformation Ministries International Church
  • Transformation Epicenter Church Mosque
  • The Tatted Bee Brewhouse Bar & Pub
  • Aspen Education Collective Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$940k
Owner & transaction history
Sandia Vista Center LLC
Sandia Vista Center LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.5M +71.3%
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