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Property profile & analytics
OFF-MARKET
Retail space

2524 Graceland NE Dr Albuquerque, NM 87110-3802

4,275 SF 0.16 ac lot Built 1964
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US61-0166028
Property summary
AI-generated overview

This exceptional 4,275-square-foot flex space presents a unique opportunity for businesses seeking a versatile and well-maintained industrial property. The single-tenant building sits on a half-acre lot, offering ample secure yard space for storage or operations. The building features a convenient storefront entry, enhancing accessibility and visibility. Loading and unloading are simplified with three grade-level doors: two measuring 10' x 10' and one measuring 12' x 10'. Inside, a clear span of 9'11" provides flexibility in layout and equipment placement. The property benefits from 200-amp, single-phase power. Recent improvements significantly enhance the building's functionality and aesthetics. These include a newly sealed parking lot, new insulation throughout the building, new interior protective wainscoting, and fresh exterior paint applied in November 2024. The property is zoned MX-M, allowing for a range of potential uses. Note that a mobile phone tower located on the property is not included in the sale. This turnkey property is ready for immediate occupancy and offers a compelling combination of functionality, location, and recent upgrades.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Total area 4,275 SF
Lot 0.16 ac (7,100 SF)
APN 1-017-059-230-239-3-14-17
UPID US61-0166028
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
  • Andreson Awnings And Canvas Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
2524 Graceland LLC · 2 yrs held
2524 Graceland LLC
since 2024
3 recorded transactions
2024
Price N/A
2008
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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