Back to Search
Property profile & analytics
FOR LEASE
Retail space
4340 San Mateo Blvd NE Albuquerque, NM 87110
Entity Owned
2-yr Hold
Free & Clear
Property ID
US61-0174006
For Lease
1 / 3
Contact for pricing
4340 San Mateo Blvd NE, Albuquerque, NM 87110
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
14,454 SF
Lot
1.24 ac (54,014 SF)
APN
1-018-060-020-512-2-10-25
UPID
US61-0174006
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
-
MinuteClinic at CVS Medical Clinic
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Mark C. Shortencarier, RPH Pharmacy
-
Michael A. Kirolos, PharmD Pharmacy
-
CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$430k
Owner & transaction history
San Mateo Albuquerque LLC · 2 yrs held
San Mateo Albuquerque LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+71.4%
Restaurant
$1.4M
+24.8%
Auto repair, garage
$1.3M
+16.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,095,000
Current use
COMMERCIAL (GENERAL)
$1,875,000
Change: +71% · Conversion: Easy
RESTAURANT
$1,365,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,280,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$430k
Range $387k – $473k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,081
Tax year 2023
Assessed value
$418,555
Assessed 2023
Previous assessed
$384,362
+8.9% YoY
Effective rate
4.80%
On assessed value
Assessed land
$131,514
Assessed improvement
$287,041
Land market value
$394,580
Improvement market value
$861,209
Total market value
$1,255,789
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2004
Heating
NONE
Total area
14,454 SF
Lot
1.24 ac (54,014 SF)
APN
1-018-060-020-512-2-10-25
UPID
US61-0174006
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Lot
1.24 ac
Current owner
From public records · entity-resolved
San Mateo Albuquerque LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4340 SAN MATEO BLVD NE, ALBUQUERQUE, NM 87110-1234
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
—
San Mateo Albuquerque LLC
Acv Alb San Mateo LLC
Special Warranty Deed
—
Sep 18, 2017
—
Acv Alb San Mateo LLC
Acv Albuquerque LLC
Quit Claim Deed
related
—
Sep 3, 2010
—
Acv Albuquerque LLC
Nc Drug Stores LLC
Warranty Deed
related
—
Jul 19, 2007
—
Nc Drug Stores LLC
A & C Vetures INC
Grant Deed
related
—
May 31, 2007
—
Nc Drug Stores LLC
A & C Vetures INC
Grant Deed
related
—
—
—
Nc Drug Stores LLC
—
Deed Of Trust
related
$1,650,000 · Resource Real Estate INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
