Property profile

1720 Bridge Blvd SW Albuquerque, NM 87105

FOR SALE
Strip malls
Property ID
US61-0129425
58,794 SF 7.62 ac lot Built 1980
Trust Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail space with three frontages, providing access along Bridge Boulevard, Goff Boulevard, and Tapia Place. It has an on-site property manager and extensive video security and surveillance systems. Prominent signage includes three large pylon signs on Bridge Boulevard and Goff Boulevard, as well as electronic, full-color changeable reader boards. The property contains 3,094 square feet of retail space and is positioned along Bridge Boulevard, which provides direct on/off access from I-25 and is one of a limited number of river crossings.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 58,794 SF
Lot 7.62 ac (332,101 SF)
APN 1-012-056-293-221-4-13-05
UPID US61-0129425

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
  • Bank Credit Union
  • Hotel & Motel Resort
  • Insurance Agency
  • Specialty Food Shop Candy Store
  • Restaurant

Location

1720 Bridge Blvd SW Albuquerque, NM 87105
Albuquerque metro Census 4401 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2004
6 recorded transactions
2019
Price N/A
2018
Price N/A
2004
Price N/A
1995
Price N/A
1969
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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