4604 Corrales RdCorrales, NM 87048

Property Details for 4604 Corrales Rd

Year built

1950

Lot size

0.37 AC

Property size (Sq ft)

4,572 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1-016-067-235-321

APU

1016067235321

Description

This exceptional multi-tenant retail and office building offers a rare opportunity in a high-income area of metro Albuquerque. Located on Corrales Road, the property boasts excellent frontage visibility and full street access, ensuring high traffic and visibility for your business. The building, fully remodeled in 2019, features a stunning adobe design with beautiful, high-end modern finishes throughout. Currently, there are two available spaces totaling 1,800 square feet, with additional space potentially available up to a total of 2,772 square feet. The property includes a dedicated parking lot for convenient customer and employee access. Adding to its appeal is a lovely enclosed courtyard at the building's entry, creating a welcoming and attractive atmosphere. The building is zoned C, making it suitable for a variety of commercial uses. This Sandoval County location offers a unique blend of charm and accessibility, making it an ideal space for businesses seeking a high-profile presence in a thriving community. The property also features a balcony or patio area, adding to the overall appeal and functionality of the available spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $811,968

  6.5%

  $749,509

  7%

  $695,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $603,489

  Geo Method

  $585,495

• Alternative Use

  Use

  Valuation

  Residential

  $749,509

  Hospitality

  $686,546

  Educational

  $571,198

  Medical

  $590,843

  Retail

  $888,531

Location Insight

City

Corrales

County

Sandoval

State

New Mexico

Latitude

35.2267

Longitude

-106.614

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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