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Property profile

4604 Corrales Rd Corrales, NM 87048

FOR SALE
Investment properties
Property ID
US61-1365094
4,572 SF 0.37 ac lot Built 1950
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 4,572 SF
4604 Corrales Rd, Corrales, NM 87048
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Property summary

AI-generated overview

This exceptional multi-tenant retail and office building offers a rare opportunity in a high-income area of metro Albuquerque. Located on Corrales Road, the property boasts excellent frontage visibility and full street access, ensuring high traffic and visibility for your business. The building, fully remodeled in 2019, features a stunning adobe design with beautiful, high-end modern finishes throughout. Currently, there are two available spaces totaling 1,800 square feet, with additional space potentially available up to a total of 2,772 square feet. The property includes a dedicated parking lot for convenient customer and employee access. Adding to its appeal is a lovely enclosed courtyard at the building's entry, creating a welcoming and attractive atmosphere. The building is zoned C, making it suitable for a variety of commercial uses. This Sandoval County location offers a unique blend of charm and accessibility, making it an ideal space for businesses seeking a high-profile presence in a thriving community. The property also features a balcony or patio area, adding to the overall appeal and functionality of the available spaces.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1950
Total area 4,572 SF
Lot 0.37 ac (16,117 SF)
APN 1-016-067-235-321
UPID US61-1365094

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
  • (Bike/Boat/Book/etc) Store

Location

4604 Corrales Rd Corrales, NM 87048
Corrales metro Census 10601 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2007
1 recorded transaction
2007
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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