1698 Rio Bravo BlvdAlbuquerque, NM 87105

Property Details for 1698 Rio Bravo Blvd

Year built

1988

Lot size

2.71 AC

Property size (Sq ft)

22,813 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1-012-053-308-416-1-07-20

APU

101205330841610720

Description

This exceptional retail opportunity presents 22,405 square feet of space within the well-established Rio Bravo Shopping Center, located in the South Valley submarket of Bernalillo County. The single-story, 1988-built Class B property features nine suites, with a significant 8,573 square feet currently vacant, offering a minimum divisible space of 1,100 square feet and a maximum contiguous space of 8,573 square feet. The property sits on a 2.7-acre lot and boasts ample parking with a 5:1,000 ratio. Benefitting from high visibility and over 300 feet of frontage along Rio Bravo Boulevard, this key retail intersection sees substantial traffic, with Rio Bravo Boulevard averaging 23,950 vehicles per day and Isleta Boulevard SW averaging 21,290 vehicles per day. The property is zoned SU-SC (Bernalillo County) and is situated near established businesses, including McDonald's and area medical providers such as Presbyterian Health Clinic and Albuquerque Health Partners. The South Valley submarket, specifically the Rio Bravo Boulevard corridor, presents an underserved retail area, with only approximately 9.10 square feet of retail space per capita, compared to approximately 45.10 square feet in the Far Northeast Heights. This presents a unique opportunity for businesses to tap into a growing market. The property's location and high traffic counts make it an ideal location for a variety of retail uses. The APN is 101205330841610720.

• CAP approach

  CAP return

  Valuation

  6%

  $4,846,252

  6.5%

  $4,473,464

  7%

  $4,153,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,953,638

  Geo Method

  $4,749,722

• Alternative Use

  Use

  Valuation

  Residential

  $3,773,534

  Hospitality

  $3,456,537

  Educational

  $2,875,798

  Medical

  $2,974,701

  Retail

  $4,473,464

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0262

Longitude

-106.682

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].