10000 Coors BypAlbuquerque, NM 87114

Property Details for 10000 Coors Byp

Year built

1994

Lot size

11.65 AC

Property size (Sq ft)

161,865 SF

Property type

Super regional malls

APN

1-013-065-465-394-1-06-02

APU

101306546539410602

Description

This exceptional 41,300-square-foot flex space, located in Albuquerque's Cottonwood submarket at 10000 Coors Bypass NW, 87114, presents a unique opportunity for a single tenant. The property, classified as Class B, features two stories and offers a versatile layout suitable for retail or office use. The space boasts both ground-level exterior and mall interior entrances, providing high visibility and convenient access. Situated in a bustling trade area, this location benefits from an amenity-rich submarket with a diverse range of national, regional, and local retailers. Its strategic position at the intersection of Coors Bypass and Coors Blvd ensures excellent visibility from major thoroughfares. The surrounding area is characterized by a mix of established and new residential neighborhoods, contributing to a strong demographic profile. In fact, within a five-mile radius, there are approximately 182,000 people with an average household income of $109,531. The property also offers multiple full and signalized access points, enhancing convenience and accessibility. The large open space on the second floor provides ample room for customization, while its proximity to the main mall and food court entrance ensures high foot traffic. This property in Bernalillo County offers a compelling combination of location, size, and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving Albuquerque market.

• CAP approach

  CAP return

  Valuation

  6%

  $34,078,556

  6.5%

  $31,457,128

  7%

  $29,210,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,736,396

  Geo Method

  $33,700,680

• Alternative Use

  Use

  Valuation

  Residential

  $26,535,266

  Hospitality

  $24,306,160

  Educational

  $20,222,440

  Medical

  $20,917,920

  Retail

  $31,457,128

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1997

Longitude

-106.659

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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