5400 Menaul NE Blvd Albuquerque, NM 87110-3116
Property profile & analytics
5400 Menaul NE Blvd, Albuquerque, NM 87110-3116
- Commercial land
- 4,530 SF
- 0.33 lot acres
Property ID
US61-0173402
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.
Location Intelligence
Current Use by Public Records
- Take 5 Oil Change / Auto Repair Shop
Property Details for 5400 Menaul NE Blvd
- Year built
- 1960
- Lot size
- 0.33 lot acres
- Property type
- Commercial land
- APN
- 1-018-059-075-252-3-23-12
- APU
- 101805907525232312
Description
This exceptional investment opportunity presents a brand-new, 1,412 square foot auto shop in Albuquerque, New Mexico. Located at 5400 Menaul Blvd NE, this Class B property boasts a prime location with excellent visibility and access, experiencing approximately 34,000 vehicles per day. The property features a 15-year absolute triple-net (NNN) lease, commencing January 14, 2023, with a tenant, a Take 5 Oil Change franchisee, providing zero landlord responsibilities. The lease includes 10% rent increases every five years, ensuring consistent income growth. The current Net Operating Income (NOI) is $147,450, yielding a 6.00% cap rate based on the asking price of $2,458,000. The property sits on a 0.33-acre lot with six parking spaces and is part of a thriving commercial area, less than half a mile from Coronado Center, a major shopping mall, and close to I-40, Pavilions at San Mateo, and the University of New Mexico. The tenant is a high-growth operator with a strong track record and significant expansion plans. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a rapidly developing market. The building was constructed in 2022 and has 100% occupancy. The lease includes six, five-year options. The property's strong demographics, with an average household income exceeding $65,500 within a five-minute drive, further enhance its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.584
- Latitude
- 35.1088
- 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
$1,310
$27,297
$0.00
$27,297
-
$81,900
$0.00
$81,900
