Property profile

6717 Lomas Blvd NE Albuquerque, NM 87110

FOR SALE
Retail space
Property ID
US61-0347020
3,580 SF 0.19 ac lot Built 1958
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional freestanding retail property, located at 6717 Lomas Blvd NE in Albuquerque, New Mexico (87110), presents a compelling investment opportunity. Boasting 4,000 square feet of net rentable space on a 0.552-acre lot, this well-maintained building is zoned MX-M. The property underwent significant renovations in 2006, including a new sloped vinyl roof and an upgraded HVAC system. Further enhancements in 2017 included new windows, an awning, and LED monument signage. The interior features a large open retail area, 3-4 offices, a spacious workspace, and ample storage both inside and in a fenced area to the east. Two non-ADA compliant bathrooms are also included. Security is ensured with a 16-camera system that will remain with the property. The convenient remote lock on the front door adds to the property's functionality. Offered at $515,000 ($128.75/sq ft), this high-traffic location in Bernalillo County presents a rare opportunity for immediate occupancy and strong return on investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Total area 3,580 SF
Lot 0.19 ac (8,102 SF)
APN 1-018-058-422-014-4-05-03
UPID US61-0347020

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
  • Factory Chemical Plant

Location

6717 Lomas Blvd NE Albuquerque, NM 87110
Albuquerque metro Census 601 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2015
Price N/A
2004
$290,000
1994
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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