12500 Montgomery NE Blvd Albuquerque, NM 87111-4117
- Strip malls
- 40,006 SF
- 4.09 lot acres
Current Use by Public Records
- RE/MAX Advantage: Charlotte Boyer, CRS / Real Estate Agents
- Solarius Optique / Eye Care Center / Sunglasses Store
- Caracol Plaza / Business Center
- Duke Home Insurance Solutions / Commercial Agent
- Salon 21 / Hair Salon
Property Details for 12500 Montgomery NE Blvd
- Year built
- 1985
- Lot size
- 4.09 lot acres
- Property size
- 40,006 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1-022-060-493-508-1-07-16
- APU
- 102206049350810716
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,265,000
- 6.5%
- $1,130,000
- 7%
- $1,210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $1,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $950,000
- Mixed-Use
- $955,000
- Hospitality
- $1,250,000
- Educational
- $975,000
- Residential Income
- $1,220,000
- Energy
- $910,000
- Income-Based Land
- $975,000
- Food Service
- $1,165,000
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.499
- Latitude
- 35.1301
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA