Property profile

3301 Menaul Blvd NE Albuquerque, NM 87107

FOR LEASE
Strip malls
Property ID
US61-1280106
90,343 SF 9.58 ac lot Built 1991
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

American Square, located at 3301 Menaul Blvd NE in Albuquerque, New Mexico, 87107, presents a compelling investment opportunity in a thriving retail market. This single-story, Class B strip center and pad site property boasts a total of 91,482 square feet situated on a generous 9.58-acre lot. The property's MX-M zoning allows for a diverse range of retail and restaurant uses, making it ideal for both established businesses and new ventures. Currently, five spaces are available, offering flexibility for various business sizes and needs. The property's prominent location on Menaul Blvd NE ensures high visibility and accessibility for customers. Its substantial size and multiple tenancy options provide a unique opportunity for investors seeking a diversified portfolio or developers looking to create a vibrant retail hub. The property's ample land area also offers potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-located, established retail center in a growing Albuquerque neighborhood. Interested parties should note the property's total building square footage and the available land acreage for detailed planning and investment analysis. The property's single-story design offers ease of access and efficient use of space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Total area 90,343 SF
Lot 9.58 ac (417,305 SF)
APN 1-016-059-430-307-1-09-10
UPID US61-1280106

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
  • Hardware & Home Improvement Kitchen & Bath Showroom
  • Hair Salon
  • Furniture & Home Goods Home Decor Store
  • Furniture & Home Goods Home Decor Store
  • Hair Salon Nail Salon

Location

3301 Menaul Blvd NE Albuquerque, NM 87107
Albuquerque metro Census 3400 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.97M

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
2008
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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