Property profile

12500 Montgomery Blvd Northeast Albuquerque, NM 87111

FOR LEASE
Strip malls
Property ID
US61-0134549
40,006 SF 4.09 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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12500 Montgomery Blvd Northeast, Albuquerque, NM 87111 For Lease
$900,000 6,300 SF available
12500 Montgomery Blvd Northeast, Albuquerque, NM 87111
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Property summary

AI-generated overview

This exceptional Albuquerque retail and office property, located at 12500 Montgomery Blvd. NE, offers 13,600 square feet of vacant space across two single-story buildings in a thriving commercial area. The property is zoned MX - M, City of Albuquerque, and boasts 244 parking spaces. Suites range from a minimum of 1,100 square feet to a maximum contiguous space of 10,000 square feet, providing flexibility for various tenants. The property's strategic location at the signalized intersection of Montgomery and Tramway benefits from high visibility and excellent access. Current tenants include a diverse mix of businesses, creating a vibrant and established commercial environment. The property is ideal for a variety of uses, including restaurants (with one space featuring a hood and walk-in cooler), gyms, medical offices, retail stores, and more. Two hard-corner spaces totaling approximately 3,120 square feet, each with outdoor patio potential, are particularly well-suited for upscale restaurants. A freestanding building of up to 10,800 square feet is available for a larger anchor tenant. Ongoing improvements include new LED lighting and paving repairs, further enhancing the property's appeal. The property is situated in a high-traffic area with strong demographics, surrounded by established businesses such as Smith's, McDonald's, and Ethan Allen, ensuring a steady flow of potential customers. Bernalillo County location and 87111 zip code.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 40,006 SF
Lot 4.09 ac (178,335 SF)
APN 1-022-060-493-508-1-07-16
UPID US61-0134549

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • (Bike/Boat/Book/etc) Store
  • Business Service Center Corporate Office
  • Marketing & Advertising
  • Hair Salon

Location

12500 Montgomery Blvd Northeast Albuquerque, NM 87111
Albuquerque metro Census 108 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$886k
Blend (final) Blend
$900k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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