Property profile

3705 Ellison NW Rd Albuquerque, NM 87114

OFF-MARKET
Strip malls
Property ID
US61-0130431
10,500 SF 0.95 ac lot Built 1996
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space totaling 1,784 square feet, located in the Cottonwood Trade Area with access serving Albuquerque, Rio Rancho, and Bernalillo. It is situated at a signalized intersection on Alameda Boulevard, providing street visibility and signage opportunities at the building frontage, with exposure to approximately 51,000 vehicles per day. The immediate surrounding trade area includes a population of more than 70,300 residents and an average household income exceeding $87,000 within a 3-mile radius.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Total area 10,500 SF
Lot 0.95 ac (41,251 SF)
APN 1-014-066-106-226-3-02-04
UPID US61-0130431

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
  • Electric Utility Company
  • Dental Office
  • Advertising Agency Marketing & Advertising
  • Alternative Medicine Practice Spa & Massage Center

Location

3705 Ellison NW Rd Albuquerque, NM 87114-7012
Albuquerque metro Census 4716 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2015
Price N/A
2005
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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