5950 Gibson BlvdAlbuquerque, NM 87108

Property Details for 5950 Gibson Blvd

Year built

2003

Lot size

0.74 AC

Property size (Sq ft)

7,816 SF

Property type

Retail space

APN

1-018-055-323-514-1-01-20

APU

101805532351410120

Description

This exceptional 8,000-square-foot freestanding retail storefront presents a compelling investment opportunity in Albuquerque's thriving Southeast Heights trade area. Located at 5950 Gibson Blvd SE, 87108, this single-story building sits on a 0.78-acre lot and is zoned MX-L, allowing for a variety of commercial uses. Currently vacant, the property offers immediate occupancy for a new tenant. The building boasts excellent visibility thanks to large pylon signage on Gibson Boulevard, a high-traffic artery with over 21,000 vehicles passing daily. This underserved market area is strategically positioned near major employers, including Sandia National Labs, Kirkland Air Force Base, the VA Medical Center, and the Albuquerque International Sunport Airport, ensuring a robust potential customer base. The asking price is $950,000, and the lease type is NNN. This property represents a rare chance to establish a strong presence in a rapidly growing Albuquerque neighborhood. The property's size, location, and visibility make it an ideal investment for a variety of retail businesses seeking to capitalize on the area's significant growth and high traffic volume. Don't miss this opportunity to secure a prime retail location in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,660,382

  6.5%

  $1,532,660

  7%

  $1,423,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,697,173

  Geo Method

  $1,627,310

• Alternative Use

  Use

  Valuation

  Residential

  $1,292,856

  Hospitality

  $1,184,249

  Educational

  $985,281

  Medical

  $1,019,167

  Retail

  $1,532,660

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0578

Longitude

-106.576

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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