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Property profile & analytics
FOR LEASE
Strip malls

12500 Montgomery Blvd Northeast Albuquerque, NM 87111

40,006 SF 4.09 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US61-0134549
12500 Montgomery Blvd Northeast, Albuquerque, NM 87111 For Lease
$890,000 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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • RE/MAX Advantage: Charlotte Boyer, CRS Real Estate Agency
  • Solarius Optique (Bike/Boat/Book/etc) Store
  • Caracol Plaza Business Service Center Corporate Office
  • Duke Home Insurance Solutions Marketing & Advertising
  • Salon 21 Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$886k
Blend (final) Blend
$890k
Owner & transaction history
Km Properties LLC · 1 yrs held
Km Properties LLC
since 2025
2 recorded transactions
2025
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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