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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

2601 2nd NW St Albuquerque, NM 87107-1410

1,320 SF 0.88 ac lot Built 1991
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US61-0294493
Property summary
AI-generated overview

This exceptional 40,855 square foot retail pad, located at 2601 2nd St NW in Albuquerque, New Mexico, presents a unique redevelopment opportunity. Situated on a hard corner at a prime intersection in the North Valley, this property boasts high visibility and accessibility. The site previously housed a 1,316 square foot convenience store and a 1,142 square foot car wash, and features multiple access points along a heavily trafficked double-sided road. With 18,300 cars per day on 2nd Street and 21,300 cars per day on Menaul, this location offers unparalleled exposure. The site is ideally suited for a variety of retail and quasi-retail uses, including banks, fast food restaurants, or mobile phone stores. Nearby retail anchors such as the 4th & Menaul Retail Center, Whataburger, and Dunn & Edwards Paints further enhance the property's desirability. Gas infrastructure removal is complete, with environmental clearance obtained. Priced at $1,250,000 ($30.60 per square foot), this property represents a compelling investment in a thriving Albuquerque market. The property's size and location make it an excellent choice for investors seeking high-traffic exposure and redevelopment potential. This is a rare opportunity to acquire a substantial retail pad in a densely populated area with strong existing retail activity. The site's multiple access points and high visibility ensure maximum exposure for any future tenant. Don't miss this chance to secure a prime location in Albuquerque's dynamic North Valley.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1991
Total area 1,320 SF
Lot 0.88 ac (38,333 SF)
APN 1-014-059-370-334-1-04-03
UPID US61-0294493
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
  • VP Racing Fuels Gas Station
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anthem Oil LLC · 22 yrs held
Anthem Oil LLC
since 2004
5 recorded transactions
2004
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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