5401 Central AveAlbuquerque, NM 87105

Property Details for 5401 Central Ave

Year built

1961

Lot size

1.68 AC

Property size (Sq ft)

198,694 SF

Property type

Office buildings

APN

1-018-057-020-201-3-22-02

APU

101805702020132202

Description

This exceptional investment opportunity presents a 22,773 square foot shopping center in Albuquerque, New Mexico. Located at 5401 Central Ave NW, this stabilized property boasts a 100% occupancy rate with four tenants, generating a strong net operating income (NOI) of $215,494 and an 8.50% capitalization rate. The asking price is $2,535,228, translating to $111.33 per square foot. Built in 1974, the property sits on a 1.909-acre lot and features 126 parking spaces, ensuring ample customer convenience. The property benefits from excellent visibility and accessibility, situated on a major arterial road with three convenient access points and prominent pylon signage. The current lease type is NNN (Net, Net, Net), and the zoning is MX-M. This multi-tenant retail center offers significant value-add potential due to below-market rents averaging $9.72 per square foot. The property's location on Albuquerque's historic Route 66, within a high-traffic, high-density area, further enhances its appeal. This below-replacement-cost asset is an ideal choice for investors seeking a stabilized, high-performing property with potential for future growth. The property is currently 100% leased to a mix of national and local retailers.

• CAP approach

  CAP return

  Valuation

  6%

  $28,713,782

  6.5%

  $26,505,030

  7%

  $24,611,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,120,846

  Geo Method

  $16,416,098

• Alternative Use

  Use

  Valuation

  Residential

  $32,866,238

  Hospitality

  $30,105,298

  Educational

  $25,047,254

  Medical

  $25,908,668

  Retail

  $38,962,396

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0783

Longitude

-106.586

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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