Property profile

1350 Sunport Pl SE Albuquerque, NM 87106

FOR LEASE
Hotels
Property ID
US61-0135129
74,160 SF 2.97 ac lot Built 2010
Entity Owned 7-yr Hold ~ Est. High Equity
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1350 Sunport Pl SE, Albuquerque, NM 87106 For Lease
Contact for pricing 4,240 SF available
1350 Sunport Pl SE, Albuquerque, NM 87106
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Property summary

AI-generated overview

This exceptional 4,240 square foot retail space is located at 1350 Sunport Pl SE in Albuquerque, New Mexico, zip code 87106. Currently vacant, this single-tenant property presents a unique opportunity for a restaurant, bar, or brewery. Situated in the Sunport submarket, this property is zoned NR-BP and benefits from a high demand driven by the area's concentration of hotel rooms lacking meeting space and a substantial residential population. The space is part of a proposed ground-up development, "The Taxiway," designed to meet the need for banquet and meeting space, complementing the existing hospitality infrastructure. The development will feature modern architecture, outdoor spaces, and shared amenities. The meeting/event space will be owned and managed by Excel Hospitality (Staybridge Hotel), ensuring a strong synergy and potential for increased foot traffic. This development offers a prime location to establish a thriving business within a vibrant and growing community. The property's size and zoning make it ideal for a variety of concepts, providing ample space for both indoor and potentially outdoor seating and operations. This is a rare chance to be part of a dynamic new development in a high-demand location. Interested parties should be prepared to present a detailed business plan and relevant experience.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2010
Total area 74,160 SF
Lot 2.97 ac (129,504 SF)
APN 1-015-055-178-161-3-03-05
UPID US61-0135129

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
  • Hotel & Motel

Location

1350 Sunport Pl SE Albuquerque, NM 87106
Albuquerque metro Census 1202 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$880k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2014
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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