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Property profile & analytics
FOR LEASE
Strip malls

3601 Old Airport Rd NW Albuquerque, NM 87114

84,922 SF 8.14 ac lot Built 2007
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0250738
Property summary
AI-generated overview

Cottonwood Commons, located at 3601 Old Airport Rd NW in Albuquerque, New Mexico, 87114, offers exceptional retail space within a thriving commercial hub. This premier development boasts a total of 214,934 square feet and is situated in the high-traffic Cottonwood trade area of northwest Albuquerque. The property benefits from a strong regional draw, serving a population base exceeding 250,000 residents from areas including Rio Rancho, Corrales, and the North Valley. Cottonwood Commons is anchored by a significant mix of national and local tenants within its 195,000 square feet of retail space, creating a vibrant and successful shopping destination. Currently, there is space available ranging from a minimum of 3,000 square feet to a maximum contiguous space of 28,000 square feet, providing flexibility for various business needs. The property is located in Bernalillo County and presents a unique opportunity to establish or expand a retail presence in a high-demand area with substantial foot traffic and consumer spending. This is an ideal location for businesses seeking exposure within a well-established and successful retail center. The property's strategic location and strong tenant mix make it an attractive investment opportunity in a rapidly growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 84,922 SF
Lot 8.14 ac (354,448 SF)
APN 1-014-066-120-025-3-01-18
UPID US61-0250738
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
  • CedarFIT Body Transformation Center Gym & Fitness Center
  • Cottonwood Commons Shopping Center & Mall
  • fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
  • Bed Bath & Beyond Kitchen & Bath Showroom Furniture & Home Goods
  • The Lash Lounge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.09M
Owner & transaction history
Rcg Cottonwood Pm LLC · 1 yrs held
Rcg Cottonwood Pm LLC
since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2022
Price N/A
2013
Price N/A
2013
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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