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    4500 Cutler NE Ave Albuquerque, NM 87110-3964
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    Property profile & analytics

    4500 Cutler NE Ave, Albuquerque, NM 87110-3964

    View on Map
    • Community centers
    • 6,300 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US61-0264666
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pavilions at San Mateo / Shopping Center & Mall
    • Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
    • StaffingNow New Mexico / Employment Agency
    • King tobacco shop llc / (Bike/Boat/Book/etc) Store
    • Marz Barbershop Abq east / Barber Shop

    Property Details for 4500 Cutler NE Ave

    Year built
    1998
    Lot size
    1.02 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    1-017-059-312-120-4-02-10
    APU
    101705931212040210

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2013 — San Mateo Station LLC Weingarten Nostat INC Grant Deed · related —
    Aug 23, 2012 — Weingarten Nostat INC S/w Albuquerque LP Warranty Deed · related —

    Description

    The Pavilions at San Mateo offers exceptional retail leasing opportunities in Bernalillo County. This multi-tenant property boasts a total of 148,749 square feet, with 8,390 square feet currently vacant. Spaces range from a minimum of 1,325 square feet to a maximum contiguous space of 7,065 square feet, providing flexibility for various business needs. The center enjoys a prime location along Interstate 40, benefiting from high visibility to approximately 173,000 vehicles daily. Its strategic placement near the intersection of San Mateo Boulevard (45,500 vehicles per day) and Cutler Avenue ensures excellent accessibility and exposure. Strong anchors such as a Walmart Neighborhood Market, along with key co-tenants including Old Navy, Xfinity, and 5.11 Tactical, create a vibrant and attractive retail environment. The surrounding area demonstrates significant growth potential, with a population exceeding 120,100 people within a 3-mile radius and an average household income surpassing $65,600. This makes the Pavilions at San Mateo an ideal location for businesses seeking high visibility, strong demographics, and a thriving retail community. Contact us today to learn more about available spaces and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.594
    Latitude
    35.1052
    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
    $9,412
    $112,077
    $84,103
    $196,180
    -
    $336,265
    $252,335
    $588,600

    Comparable in this City

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      $1,220,000
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      4600 Cutler NE Ave

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    Similar Nearby for Sale

    • Contact for pricing
      12,706 SF

      Retail Center Near Interstate 40

      Four-tenant retail center with freeway visibility and strong customer base.
      4360 Cutler Ave NE, Albuquerque, NM 87110
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      135,711 SF

      Walmart Anchored Shopping Center

      Dominant shopping center anchored by Walmart Grocery.
      4600 Cutler Ave NE, Albuquerque, NM 87110
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      Albuquerque Retail Center For Sale

      Walmart Grocery-anchored community center in central Albuquerque.
      4600 Cutler Ave NE, Albuquerque, NM 87110
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      20,000 SF

      Albuquerque Retail Investment Opportunity

      Retail investment property in Albuquerque, 100% occupied with diverse tenants.
      4200 Carlisle Blvd NE, Albuquerque, NM 87110
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    • $540,000
      0.28 Acres

      Albuquerque Freestanding Commercial Property

      Fully leased commercial property in prime Albuquerque location.
      6108 Lomas Blvd NE, Albuquerque, NM 87110
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      39,030 SF

      Albuquerque Multi-Tenant Retail Center

      Multi-tenant industrial and retail center in a central location.
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    Similar Nearby for Lease

    • $13 SF/Yr

      Retail Center with Pylon Signage

      Shopping center with diverse tenants and high traffic exposure.
      3115 San Mateo Blvd Northeast, Albuquerque, NM 87110
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    • Contact for pricing

      Carlisle Crossing Retail Space Available

      Retail spaces for lease at Whole Foods anchored Carlisle Crossing.
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    • Contact for pricing

      3100 San Mateo Blvd NE, Albuquerque, NM 87110

      Shopping centers
      3100 San Mateo Blvd NE, Albuquerque, NM 87110
      View Details
    • $13 SF/Yr

      Grocery-Anchored Retail Space Available

      Retail space for lease in a grocery-anchored neighborhood shopping center.
      6001 Lomas Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      6,000 SF

      Retail Center Anchor Spaces Available

      Retail center with anchor spaces and pad site available.
      2451 San Mateo Blvd NE, Albuquerque, NM 87110
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    • Contact for pricing
      5,198 SF

      Retail and Restaurant Space Available

      Retail, restaurant, and shop spaces available for lease.
      2103 Carlisle Blvd NE, Albuquerque, NM 87110
      View Details
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    Albuquerque, NM 87110-3964
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    4500 Cutler NE Ave, Albuquerque, NM, 87110
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