3601 Old Airport RdAlbuquerque, NM 87114

Property Details for 3601 Old Airport Rd

Year built

2007

Lot size

8.14 AC

Property size (Sq ft)

84,922 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1-014-066-120-025-3-01-18

APU

101406612002530118

Description

Cottonwood Commons, located at 3601 Old Airport Rd NW in Albuquerque, New Mexico, 87114, offers exceptional retail space within a thriving commercial hub. This premier development boasts a total of 214,934 square feet and is situated in the high-traffic Cottonwood trade area of northwest Albuquerque. The property benefits from a strong regional draw, serving a population base exceeding 250,000 residents from areas including Rio Rancho, Corrales, and the North Valley. Cottonwood Commons is anchored by a significant mix of national and local tenants within its 195,000 square feet of retail space, creating a vibrant and successful shopping destination. Currently, there is space available ranging from a minimum of 3,000 square feet to a maximum contiguous space of 28,000 square feet, providing flexibility for various business needs. The property is located in Bernalillo County and presents a unique opportunity to establish or expand a retail presence in a high-demand area with substantial foot traffic and consumer spending. This is an ideal location for businesses seeking exposure within a well-established and successful retail center. The property's strategic location and strong tenant mix make it an attractive investment opportunity in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $17,879,216

  6.5%

  $16,503,891

  7%

  $15,325,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,224,350

  Geo Method

  $17,680,964

• Alternative Use

  Use

  Valuation

  Residential

  $13,921,650

  Hospitality

  $12,752,156

  Educational

  $10,609,644

  Medical

  $10,974,526

  Retail

  $16,503,891

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.2039

Longitude

-106.653

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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