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Property profile & analytics
OFF-MARKET Estimated value $290,000
Retail space

6717 Lomas NE Blvd Albuquerque, NM 87110-6817

3,580 SF 0.19 ac lot Built 1958
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US61-0347020
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Southwest Rubber Stamp Co (Bike/Boat/Book/etc) Store
  • Made To Order Stamp & Seal. Factory Chemical Plant
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
Steve Rader · 10 yrs held
Steve Rader
since 2015
4 recorded transactions
2015
Price N/A
2015
Price N/A
2004
$290,000
1994
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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