Property profile

8510 Montgomery Blvd NE Albuquerque, NM 87111

FOR LEASE
Strip malls
Property ID
US61-0172615
17,745 SF 1.15 ac lot Built 1988
Entity Owned 12-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Pharmacy
  • Electronics & Wireless Store
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • Home Decor Store Department Store

Location

8510 Montgomery Blvd NE Albuquerque, NM 87111
Albuquerque metro Census 117 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2014
3 recorded transactions
2024
Price N/A
2014
Price N/A
1969
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message