4360 Cutler Ave NE Albuquerque, NM 87110
Property profile & analytics
4360 Cutler Ave NE Albuquerque, NM 87110
- Retail space
- 8,949 SF
- 0.82 lot acres
Property ID
US61-0840311
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Daily Grind / Restaurant
- Calibers Safe Store / Locksmith / (Bike/Boat/Book/etc) Store
- The Wellness Lab / Gym & Fitness Center / Alternative Medicine Practice
- Parturde Car Towing's & Co / Auto Parts Store
- Los Pinos Fly and Tackle Shop / (Bike/Boat/Book/etc) Store
Property Details for 4360 Cutler Ave NE
- Year built
- 2014
- Lot size
- 0.82 lot acres
- Property size
- 8,949 SF
- Property type
- Retail space
- APN
- 1-017-059-214-103-3-09-03
- APU
- 101705921410330903
Description
This exceptional 12,706 square foot, single-story shopping center in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 4360 Cutler Ave NE, this property boasts 100% occupancy across four tenants, including a prominent, multi-location shooting range anchor. Three of the four tenants, comprising 89% of the rentable space, recently renewed their leases, demonstrating strong commitment and center viability. The remaining tenant has a lease with 1.5 years remaining. The property features 150 parking spaces and sits on a 0.817-acre lot, with excellent freeway visibility off Interstate 40. Its prime location, just 1.5 miles from major shopping centers like Coronado Center, Winrock Center, and Uptown Shopping Center, ensures a robust customer base. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $288,286, resulting in a 7.5% capitalization rate (based on May 2024 - April 2025 projections). Built in 2014, this NNN-leased property offers a stable income stream with built-in 3% annual rent bumps. The asking price of $3,844,000 equates to $302.53 per square foot, a price point below replacement cost. The majority owner of the center also owns the anchor tenant, ensuring a long-term partnership and stability for the property. The property is zoned NR-C. This is a rare opportunity to acquire a high-performing, multi-tenant retail center in a desirable Albuquerque location.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $680,000 Current use
- RESTAURANT
- $845,000 Change: +25% Conversion: Easy
- AUTO REPAIR, GARAGE
- $790,000 Change: +17% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $630,000 Change: -7% Conversion: Difficult
- OFFICE BUILDING
- $625,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.597
- Latitude
- 35.1047
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,274
$71,097
$135,546
$206,643
-
$213,313
$406,679
$619,992
