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Property profile & analytics
FOR LEASE
Retail space

3339 Central Ave NE Albuquerque, NM 87106

112,032 SF 0.85 ac lot Built 2009
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0272518
Property summary
AI-generated overview

This exceptional Class A retail property, located at 3339 Central Ave NE in Albuquerque, New Mexico, presents a unique investment opportunity. Situated in the desirable Nob Hill submarket, near the University of New Mexico (UNM), this property boasts a total of 90 parking spaces, ensuring ample convenience for customers and employees. The building, encompassing 0.85 acres, features a single structure with a currently vacant 1,401 square feet of retail space, ideal for a variety of uses, including shops and offices. The flexible zoning (MX-M) allows for diverse business applications. The property's strategic location on Central Ave NE, near the intersection of Central and Tulane, provides excellent visibility and accessibility. This is a high-traffic area with strong pedestrian and vehicular flow, making it an attractive location for businesses seeking high exposure. The property's proximity to UNM further enhances its appeal, providing access to a large student and faculty population. This is a rare opportunity to acquire a well-located, Class A retail property in a thriving Albuquerque neighborhood. The ample parking and flexible zoning make this an ideal investment for both established businesses and new ventures. The 1,401 square feet of vacant space offers immediate potential for income generation. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Total area 112,032 SF
Lot 0.85 ac (36,939 SF)
APN 1-016-057-422-283-1-05-01
UPID US61-0272518
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
  • Style select studios Barber Shop
  • ChocolateDude Specialty Food Shop Candy Store
  • The LIBRE Institute - New Mexico Charitable Organization Social Service Agency
  • The Place Apartments Apartment Building
  • The LIBRE Initiative - New Mexico Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.69M
Blend (final) Blend
$13.12M
Owner & transaction history
Jennifer Gaudioso · 1 yrs held
Jennifer Gaudioso
since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A
2021
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $18.2M +75.5%
Apartment house (5+ units) $15.5M +49.8%
Restaurant $11.7M +12.4%
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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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