1698 Rio Bravo Blvd SW Albuquerque, NM 87105
For Lease
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This exceptional retail opportunity presents 22,405 square feet of space within the well-established Rio Bravo Shopping Center, located in the South Valley submarket of Bernalillo County. The single-story, 1988-built Class B property features nine suites, with a significant 8,573 square feet currently vacant, offering a minimum divisible space of 1,100 square feet and a maximum contiguous space of 8,573 square feet. The property sits on a 2.7-acre lot and boasts ample parking with a 5:1,000 ratio. Benefitting from high visibility and over 300 feet of frontage along Rio Bravo Boulevard, this key retail intersection sees substantial traffic, with Rio Bravo Boulevard averaging 23,950 vehicles per day and Isleta Boulevard SW averaging 21,290 vehicles per day. The property is zoned SU-SC (Bernalillo County) and is situated near established businesses, including McDonald's and area medical providers such as Presbyterian Health Clinic and Albuquerque Health Partners. The South Valley submarket, specifically the Rio Bravo Boulevard corridor, presents an underserved retail area, with only approximately 9.10 square feet of retail space per capita, compared to approximately 45.10 square feet in the Far Northeast Heights. This presents a unique opportunity for businesses to tap into a growing market. The property's location and high traffic counts make it an ideal location for a variety of retail uses. The APN is 101205330841610720.
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Wash Tub Laundromat (Bike/Boat/Book/etc) Store
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Comfort Dental of Rio Bravo Dental Office
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McGarry Cody DDS Dental Office
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New Mexico Credit Corporation Loan Service
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.