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4920 Menaul Blvd NE Albuquerque, NM 87110
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Property profile & analytics

4920 Menaul Blvd NE Albuquerque, NM 87110


  • Outlet malls
  • 59,500 SF
  • 4.01 lot acres
Menaul Blvd Pad Site For Lease
$2,710,000

Menaul Blvd Pad Site

Prime development opportunity with drive-thru potential on Menaul Blvd.

4920 Menaul Blvd NE, Albuquerque, NM 87110
View Listing
Property ID
US61-0186839
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

  • Credit Repair Albuquerque NM / Financial Advisor
  • Mor Furniture for Less Warehouse / Warehouse & Storage
  • Mor Furniture for Less / Furniture & Home Goods / Home Decor Store

Property Details for 4920 Menaul Blvd NE

Year built
1965
Lot size
4.01 lot acres
Property size
59,500 SF
Property type
Outlet malls
Property subtype
Shopping centers
APN
1-017-059-475-236-4-15-13
APU
101705947523641513

Description

This exceptional 0.5-acre commercial land parcel in Bernalillo County's NE Heights submarket presents a unique investment opportunity. Located at 4920 Menaul Boulevard, this property boasts a highly visible location with left-in/left-out access, ideal for a drive-thru development. Previously occupied by Mor Furniture for Less, the site is zoned MX-M and offers the potential for a build-to-suit (BTS) or ground lease opportunity. Conceptual plans, developed by a local architect, envision a single-lane drive-thru with approximately 1,200 square feet of interior space and a desirable 600-square-foot covered patio, perfect for Albuquerque's sunny climate. The maximum building size is approximately 2,000 square feet. The site's high visibility and proximity to successful drive-thru businesses in the area make this a compelling investment for developers seeking a prime location in a thriving commercial corridor. The current owner is a qualified retail developer, ensuring a smooth and efficient development process.


Value Estimations

based on Realmo’s proprietary methodology
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $4,505,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $4,175,000
    Change: -7% Conversion: Difficult
    OFFICE BUILDING
    $4,170,000
    Change: -7% Conversion: Easy

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Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Bernalillo
State
New Mexico
Longitude
-106.588
Latitude
35.1084
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
$54,270
$444,712
$686,486
$1,131,198
-
$1,334,269
$2,059,664
$3,393,933
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