5400 Central AveAlbuquerque, NM 87108

Property Details for 5400 Central Ave

Year built

2014

Lot size

1.62 AC

Property size (Sq ft)

2,749 SF

Property type

Retail space

APN

1-018-057-037-155-3-21-04

APU

101805703715532104

Description

Trade Winds Shopping Center, a 19,254 square foot retail center in Albuquerque, New Mexico, presents a unique investment opportunity. Located at 5400 Central Ave SE, near the intersection of Central and San Mateo, this property boasts high visibility and is situated in the desirable SE Heights submarket. Built in 2016, the center sits on a 1.5-acre lot and offers ample parking with a 4.1 spaces per 1,000 square feet ratio. Currently, there are 16,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,400 square feet. The property is zoned MX-M, allowing for a variety of retail uses. Existing tenants include Torres Burria and Taco Shop, Radiate By McQuitty DMD, Fiesta Insurance, and El Farron Events, demonstrating the center's appeal to diverse businesses. This redevelopment of the former Trade Winds Motel offers below-market lease rates compared to similar properties in the area, making it an attractive option for both local and national retailers seeking a prime location in a thriving Albuquerque neighborhood. The property's iconic presence and high traffic location provide exceptional potential for future growth and profitability. This is an excellent opportunity to acquire a well-located retail center with significant upside potential in a rapidly developing area of Albuquerque, Bernalillo County.

• CAP approach

  CAP return

  Valuation

  6%

  $583,980

  6.5%

  $539,058

  7%

  $500,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,920

  Geo Method

  $572,348

• Alternative Use

  Use

  Valuation

  Residential

  $454,716

  Hospitality

  $416,517

  Educational

  $346,537

  Medical

  $358,455

  Retail

  $539,058

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0772

Longitude

-106.585

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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