111 Cardenas DrAlbuquerque, NM 87108

Property Details for 111 Cardenas Dr

Year built

1952

Lot size

0.42 AC

Property size (Sq ft)

5,240 SF

Property type

Retail properties

Property subtype

Retail space

APN

1-018-057-177-186-3-27-06

APU

101805717718632706

Description

This exceptional 5,000-square-foot storefront at 111 Cardenas Drive in Albuquerque, New Mexico, presents a unique investment opportunity. Located in Bernalillo County, zip code 87108, this single-unit, mixed-use property boasts a spacious open floor plan ideal for various retail or office configurations. Built in 1980, the building features 9-foot ceilings and is situated on a 0.42-acre lot (18,295 square feet) with a secure parking lot. The property is currently vacant, offering immediate occupancy. The permitted zoning is MX-M. This single-story building is part of a larger portfolio (including a neighboring property on Central Avenue) totaling 13,000 square feet, offering potential for combined acquisition. Both buildings within the portfolio share similar features, including open floor plans adaptable to various retail uses and ceilings ranging from 9 to 11 feet. Individual purchase of this property is possible. The asking price for this prime Albuquerque storefront is $500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,113,152

  6.5%

  $1,027,524

  7%

  $954,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,817

  Geo Method

  $1,090,981

• Alternative Use

  Use

  Valuation

  Residential

  $866,755

  Hospitality

  $793,943

  Educational

  $660,552

  Medical

  $683,269

  Retail

  $1,027,524

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0779

Longitude

-106.58

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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