11500 Menaul BlvdAlbuquerque, NM 87112

Property Details for 11500 Menaul Blvd

Year built

1988

Lot size

4.98 AC

Property size (Sq ft)

26,373 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1-022-059-066-239-3-30-10

APU

102205906623933010

Description

This exceptional retail property, located at 11500 Menaul Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. Situated on a generous 4.97-acre lot, the single-story building boasts a total of 54,936 square feet. Currently, there is one available space of 1,200 square feet, ideal for a variety of retail or restaurant uses. The property benefits from a strong national co-tenancy, ensuring high foot traffic and visibility. The convenient location at the intersection of Menaul and Juan Tabo boulevards provides excellent access and exposure to a thriving community. The property is zoned MX-L within Bernalillo County, offering flexibility for various commercial uses. The building's size and layout provide ample space for expansion or modification to suit specific business needs. This is a rare opportunity to acquire a well-located retail property in a high-growth area of Albuquerque, offering significant potential for return on investment. The property's address is 11500 Menaul Blvd NE, Albuquerque, NM 87112. The property features a single story and is categorized as Retail, Restaurant, and Office. Multiple tenants currently occupy the space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,602,504

  6.5%

  $5,171,542

  7%

  $4,802,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,726,642

  Geo Method

  $5,490,922

• Alternative Use

  Use

  Valuation

  Residential

  $4,362,390

  Hospitality

  $3,995,925

  Educational

  $3,324,563

  Medical

  $3,438,900

  Retail

  $5,171,542

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.108

Longitude

-106.513

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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