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Property profile & analytics
FOR LEASE
Turn key restaurants

3711 Ellison Rd NW Albuquerque, NM 87114

4,020 SF 1.2 ac lot Built 2001
Entity Owned 10-yr Hold Free & Clear
Property ID
US61-0143042
Property summary
AI-generated overview

This exceptional 4,195 square foot former restaurant building sits on a highly visible 1.2-acre lot at the signalized corner of Cottonwood Drive and Alameda Road NW in Albuquerque's Cottonwood sub-market. Built in 2001, the single-story structure features 50 parking spaces and boasts 216 feet of frontage, ensuring maximum exposure. The property is zoned NR-BP and offers significant potential for a variety of uses. The building is currently vacant and includes existing restaurant infrastructure such as exhaust hoods and coolers, some of which may be available. This turnkey opportunity presents a rare chance to acquire a well-located, established property in a thriving Albuquerque neighborhood. The property's ample parking and prominent location make it ideal for a restaurant, retail establishment, or other commercial ventures. The parcel's APN is 101406605126630207. This is a single-tenant property with significant potential for redevelopment or continued use as a restaurant. The property's location in the Cottonwood sub-market of Albuquerque, New Mexico, offers easy access to major roadways and a dense population base.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2001
Total area 4,020 SF
Lot 1.2 ac (52,403 SF)
APN 1-014-066-051-266-3-02-07
UPID US61-0143042
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M
Owner & transaction history
Abq Edison LLC · 10 yrs held
Abq Edison LLC
since 2015
Last sale
$1.7M
2 recorded transactions
2015
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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