Property profile

417 Tramway NE Blvd Albuquerque, NM 87123

OFF-MARKET
Strip malls
Property ID
US61-0231651
20,178 SF 2.05 ac lot Built 1987
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Canyon Plaza, located at 417 Tramway Blvd NE, Albuquerque, NM 87123, offers exceptional executive office space in a thriving neighborhood retail center. This 20,000 square foot property, situated on a 2.05-acre lot in Bernalillo County's NE Heights submarket, boasts high visibility with exposure to 30,000 vehicles daily on Tramway Blvd. The center features a prominent monument sign showcasing all tenants. Currently, 6,538 square feet of space is available, divisible into units ranging from 1,200 to 3,600 contiguous square feet, perfect for businesses seeking flexible options. Ample parking is provided with 97 spaces conveniently located around the building. The property is zoned MX-L and benefits from its established tenant base, including a popular local brewery, attracting significant foot traffic. Rates begin at $18 per square foot. Local ownership is committed to enhancing the property and fostering a collaborative environment for tenants. This prime location just north of I-40 offers unparalleled access and visibility for businesses seeking to establish a strong presence in Albuquerque's vibrant NE Heights.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 20,178 SF
Lot 2.05 ac (89,211 SF)
APN 1-023-057-011-050-3-01-12
UPID US61-0231651

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
  • Restaurant
  • Restaurant
  • Production Facility Brewery & Distillery
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store

Location

417 Tramway NE Blvd Albuquerque, NM 87123-2162
Albuquerque metro Census 712 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$500k
Blend (final) Blend
$735k

Owner & transaction history

since 2006
3 recorded transactions
2006
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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