9720 Candelaria Rd NE Albuquerque, NM 87112
For Lease
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This well-maintained Albuquerque retail property, located at 9720 Candelaria Rd NE, offers a compelling investment or owner-user opportunity. The 5,807 square foot building sits on a 15,682 square foot lot and is zoned MX-L. Currently configured as seven individual suites ranging from 680 to 1200 square feet, the space is ideal for a variety of uses, including office and small retail. Five of the seven suites are on month-to-month leases, presenting a significant opportunity for an owner-user to occupy a substantial portion of the building. The remaining two tenants have approximately one year left on their leases. The asking price is $795,000, translating to $137 per square foot. The property benefits from thirteen years of diligent on-site ownership, ensuring consistent maintenance and preservation of value. Suites can be combined to accommodate larger tenants or a single user. This property presents a rare blend of immediate income potential and long-term growth prospects in a desirable Albuquerque location. The property is located in Bernalillo County, New Mexico, zip code 87112.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.