Property profile

401 Menaul Blvd NW Albuquerque, NM 87107

FOR LEASE
Auto shops
Property ID
US61-0260122
3,920 SF 1.49 ac lot Built 1960
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.49-acre retail ground lease opportunity is located at 401 Menaul Blvd NW, Albuquerque, NM 87107, on a hard corner with a signalized intersection. The property boasts excellent visibility on both Menaul Boulevard and 4th Street, benefiting from a combined daily traffic count exceeding 29,400 vehicles. Its zoning is designated MX-M, making it suitable for a variety of commercial uses, particularly those that would benefit from high visibility and convenient access, such as fast food restaurants or other drive-thru establishments. The site's strategic location provides easy access to Interstate 40 via 4th Street, within a short 0.30-mile distance, further enhancing its appeal with access to an additional 172,900 vehicles daily. This single-tenant property presents a compelling investment opportunity for businesses seeking a high-traffic location with significant visibility and accessibility. The lot size is approximately 1.49 acres. This is a ground lease opportunity.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1960
Total area 3,920 SF
Lot 1.49 ac (64,948 SF)
APN 1-014-059-299-354-1-07-04
UPID US61-0260122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 Menaul Blvd NW Albuquerque, NM 87107
Albuquerque metro Census 2900 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2013
Price N/A
1969
Price N/A
1969
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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More about this property
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