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Property profile & analytics
FOR LEASE
Strip malls
8510 Montgomery Blvd NE Albuquerque, NM 87111
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US61-0172615
For Lease
1 / 3
$24 SF/Yr
8510 Montgomery Blvd NE, Albuquerque, NM 87111
View Listing →
Property summary
AI-generated overview
This exceptional 2,960 square foot retail space is located in the Montgomery Crossing II shopping center at 8510 Montgomery Blvd NE, Albuquerque, NM 87111. Situated in the Northeast Heights submarket of Bernalillo County, this end-cap unit within a single-story strip center benefits from high visibility on Montgomery Boulevard, boasting 34,600 vehicles per day. The property is part of a Target-anchored center experiencing over 1.4 million annual visits, ensuring significant foot traffic. A complete renovation is planned, promising a refreshed look and feel. New ownership is committed to tenant success and synergy, and a tenant allowance is available. Ample parking is provided for convenient customer access. The surrounding area demonstrates strong demographics, with an average household income exceeding $97,802 within a one-mile radius. This prime location offers a unique opportunity for businesses seeking high visibility and a thriving customer base in a revitalized shopping center. The property is a single building, one-story structure.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
17,745 SF
Lot
1.15 ac (49,963 SF)
APN
1-020-060-122-475-2-21-53
UPID
US61-0172615
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
-
Nearby Tow Truck LLC Auto Repair Shop
-
CVS Pharmacy Pharmacy
-
Target Electronics & Wireless Store
-
Ettin Games ABQ Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
The Grey Heron Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chew And Central Partners LLC · 12 yrs held
Chew And Central Partners LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
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8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,276
Tax year 2023
Assessed value
$360,100
Assessed 2023
Previous assessed
$330,367
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$152,403
Assessed improvement
$207,697
Land market value
$457,255
Improvement market value
$623,153
Total market value
$1,080,408
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Heating
NONE
Units
1
Total area
17,745 SF
Lot
1.15 ac (49,963 SF)
APN
1-020-060-122-475-2-21-53
UPID
US61-0172615
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Chew And Central Partners LLC
Entity
Mailing address
2201 BUENA VIS DR SE STE #315, ALBUQUERQUE, NM 87106-4291
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
Chew And Central Partners LLC
—
Deed
related
$1,192,081 · Lisa L Janke 2005 Revocable Trust
Feb 3, 2014
—
Chew And Central Partners LLC
Chew & Central Partners
Special Warranty Deed
—
—
—
Chew Partners
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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