4920 Menaul BlvdAlbuquerque, NM 87110

Property Details for 4920 Menaul Blvd

Year built

1965

Lot size

4.01 AC

Property size (Sq ft)

59,500 SF

Property type

Outlet malls

APN

1-017-059-475-236-4-15-13

APU

101705947523641513

Description

This exceptional 0.5-acre commercial land parcel in Bernalillo County's NE Heights submarket presents a unique investment opportunity. Located at 4920 Menaul Boulevard, this property boasts a highly visible location with left-in/left-out access, ideal for a drive-thru development. Previously occupied by Mor Furniture for Less, the site is zoned MX-M and offers the potential for a build-to-suit (BTS) or ground lease opportunity. Conceptual plans, developed by a local architect, envision a single-lane drive-thru with approximately 1,200 square feet of interior space and a desirable 600-square-foot covered patio, perfect for Albuquerque's sunny climate. The maximum building size is approximately 2,000 square feet. The site's high visibility and proximity to successful drive-thru businesses in the area make this a compelling investment for developers seeking a prime location in a thriving commercial corridor. The current owner is a qualified retail developer, ensuring a smooth and efficient development process.

• CAP approach

  CAP return

  Valuation

  6%

  $12,639,779

  6.5%

  $11,667,488

  7%

  $10,834,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,919,846

  Geo Method

  $12,388,043

• Alternative Use

  Use

  Valuation

  Residential

  $9,841,963

  Hospitality

  $9,015,185

  Educational

  $7,500,528

  Medical

  $7,758,482

  Retail

  $11,667,488

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1084

Longitude

-106.588

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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