4000 Central AveAlbuquerque, NM 87105

Property Details for 4000 Central Ave

Year built

1950

Lot size

0.15 AC

Property size (Sq ft)

3,132 SF

Property type

Retail space

APN

1-017-057-138-219-3-38-10

APU

101705713821933810

Description

This exceptional investment opportunity presents a 9,868-square-foot retail storefront located at 4000 Central Ave SW in Albuquerque, New Mexico, 87105. The property sits on a 1.01-acre lot and boasts a highly desirable MX-M zoning designation. Currently 100% leased, this center offers a strong, stable income stream with a current cap rate of 8.50% and a pro-forma cap rate of 8.52%, generating a pro-forma net operating income (NOI) of $225,720. The property features a hard corner location with excellent visibility to over 42,000 vehicles daily, ensuring high traffic and exposure for tenants. Ample parking is provided with 48 spaces available. Long-term tenants and staggered lease expirations, with some extending into 2029, provide stability and future growth potential. The property is situated in a robust trade area, supported by an average household income exceeding $80,253 within a five-mile radius. This well-positioned retail center represents a compelling investment opportunity for discerning buyers seeking strong returns and long-term value. The asking price is $2,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $665,342

  6.5%

  $614,162

  7%

  $570,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $680,084

  Geo Method

  $652,090

• Alternative Use

  Use

  Valuation

  Residential

  $518,068

  Hospitality

  $474,548

  Educational

  $394,818

  Medical

  $408,397

  Retail

  $614,162

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0789

Longitude

-106.6

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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