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Property profile & analytics
OFF-MARKET Estimated value $420,000
Drug stores

5201 Central NE Ave 1 Albuquerque, NM 87108-1328

14,125 SF 1.78 ac lot Built 2004
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US61-0239917
Property summary
AI-generated overview

This exceptional 14,204-square-foot freestanding retail building is situated on a 1.78-acre lot in Albuquerque's vibrant Downtown submarket at 5201 Central Ave NE. The single-story building boasts a highly desirable drive-thru configuration, a rare find along Central Avenue. Its location on a signalized hard corner at two major thoroughfares ensures superior visibility and accessibility, with multiple full access points for optimal customer convenience. The property benefits from excellent exposure, with traffic counts exceeding 40,200 vehicles per day, guaranteeing high visibility for any business. Its proximity to the Louisiana Albuquerque Rapid Transit (ART) stop provides convenient public transportation access. Currently fully vacant, this property presents a unique opportunity for a variety of retail uses. The zoning is MX-M. The building is in excellent condition. A sublease with Walgreens is in place, expiring January 15, 2033. This prime location and substantial square footage make this an unparalleled investment opportunity in the heart of Albuquerque.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2004
Total area 14,125 SF
Lot 1.78 ac (77,537 SF)
APN 1-017-057-524-207-4-39-15
UPID US61-0239917
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
  • Dalia Arafat, RPH Pharmacy
  • Western Union Bank Credit Union
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
  • New Mexico Early Learning Academy High School Daycare Center
  • Albuquerque Bilingual Academy Pre-K High School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.13M
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$420k
Owner & transaction history
City Of Albuquerque · 8 yrs held
City Of Albuquerque
since 2018
6 recorded transactions
2018
Price N/A
2010
Price N/A
2007
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.8M +83.0%
Restaurant $1.7M +12.0%
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