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    Property profile & analytics
    OFF-MARKET Estimated value $2,720,000
    Drug stores

    5201 Central NE Ave 1, Albuquerque, NM 87108-1328

    14,125 SF 1.78 ac lot Built 2004
    Entity Owned 7-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
    $2.72M
    Owner & transaction history
    City Of Albuquerque · 7 yrs held
    City Of Albuquerque
    since 2018
    6 recorded transactions
    2018
    2010
    2007
    2007
    1969
    1969
    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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