Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Menaul Blvd NW Albuquerque, NM 87107
    Property profile & analytics

    300 Menaul Blvd NW Albuquerque, NM 87107

    View on Map
    • Strip malls
    • 121,814 SF
    • 9.60 lot acres
    For Lease
    $2,495,000
    View Listing →
    Menaul Marketplace Commercial Leasing Opportunity For Lease
    $2,495,000
    5,804 SF

    Menaul Marketplace Commercial Leasing Opportunity

    Flexible industrial and retail spaces available in a prime Albuquerque location.

    300 Menaul Blvd NW, Albuquerque, NM 87107
    View Listing
    Property ID
    US61-1288409
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coyote Dumpster Rental LLC / Waste Management Facility / Hazardous Waste Disposal
    • ECHO ABQ Food for Seniors / Charitable Organization / Social Service Agency
    • Mcmillan pavement services / General Contractor / Construction Company
    • Taste Tea / Cafe & Coffee Shop
    • Herbalife Liv's Good Nutrition / Physician

    Property Details for 300 Menaul Blvd NW

    Year built
    1972
    Lot size
    9.60 lot acres
    Property size
    121,814 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-014-059-338-264-4-34-24
    APU
    101405933826443424

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,470,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.646
    Latitude
    35.1093
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $161,856
    $930,113
    $1,996,281
    $2,926,394
    -
    $2,790,618
    $5,989,441
    $8,780,059

    Comparable in this City

    • Value Estimation
      $1,780,000
      88,423 SF

      6211 4th NW St

      SHOPPING CENTER, STRIP CENTER • 88,423 SF
      6211 4th NW St, Albuquerque, NM 87107-5761
      View Details
    • Value Estimation by Request
      5,916 SF

      3035 Menaul NE Blvd

      SHOPPING CENTER, STRIP CENTER • 5,916 SF
      3035 Menaul NE Blvd, Albuquerque, NM 87107-1581
      View Details
    • Value Estimation by Request
      12,400 SF

      6501 El Paraiso NW

      SHOPPING CENTER, STRIP CENTER • 12,400 SF
      6501 El Paraiso NW, Albuquerque, NM 87107
      View Details
    • Value Estimation by Request
      0.48 Acres

      6501 4th NW St

      SHOPPING CENTER, STRIP CENTER • 0.48 Acres
      6501 4th NW St, Los Ranchos, NM 87107-5800
      View Details
    • Value Estimation by Request
      12,000 SF

      4110 Carlisle NE Blvd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      4110 Carlisle NE Blvd, Albuquerque, NM 87107
      View Details
    • Value Estimation by Request
      8,190 SF

      4224 Carlisle NE Blvd

      SHOPPING CENTER, STRIP CENTER • 8,190 SF
      4224 Carlisle NE Blvd, Albuquerque, NM 87107-4809
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Albuquerque Retail Investment Opportunity

      Fully occupied retail center with attractive income potential in Albuquerque.
      4200-4232 Carlisle Blvd NE, Albuquerque, NM 87107
      View Details
    • $2,050,000
      12,209 SF

      Albuquerque Auto Shop Investment

      High-Cap Rate Retail/Industrial
      4200 4Th St, Albuquerque, NM 87107
      View Details
    • Contact for pricing
      6,660 SF

      Former Automotive Shop on Large Lot

      6,660 SF automotive shop on .36 acre lot.
      4301 4Th St NW, Albuquerque, NM 87107
      View Details
    • New
      $399,900
      0.71 Acres

      Albuquerque Land For Sale

      0.71 acre lot in Albuquerque, NM available for purchase.
      1303 Menaul Blvd NW, Albuquerque, NM 87107
      View Details
    • $1,600,000

      Ground Lease with National Tenant

      Ground lease with national credit tenant in front of Walmart.
      2707 Carlisle Blvd NE, Albuquerque, NM 87107
      View Details
    • $2,500,000
      13,875 SF

      Albuquerque Days Inn Investment

      46-unit hotel, fully renovated, prime location.
      1520 Candelaria Rd NE, Albuquerque, NM 87107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,093 SF

      Retail Space in Albuquerque, NM

      Neighborhood center with national brand tenants and high traffic.
      4801 Montano Rd NW, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      Menaul Marketplace Commercial Leasing Opportunity

      Flexible industrial and retail spaces available in a prime Albuquerque location.
      300 Menaul Blvd NW, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      High-Profile Shop Space Available

      Shop, office, retail, and drive-thru spaces for lease.
      3301 Menaul Blvd NE, Albuquerque, NM 87107
      View Details
    • $14 SF/Yr

      Anchored Neighborhood Center Retail Space

      Retail, restaurant, services, and medical spaces available for rent.
      6211 4Th St Northwest, Albuquerque, NM 87107
      View Details
    • Contact for pricing
      7,310 SF

      Restaurant Pad Fronting Interstate 25

      Restaurant pad site with high traffic counts on Interstate 25.
      4040 Pan American Fwy, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space available in high-traffic area near hotels.
      2103 Menaul Blvd NE, Albuquerque, NM 87107
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Menaul Blvd NW
    Albuquerque, NM 87107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Menaul Blvd NW, Albuquerque, NM, 87107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!