301 San Mateo BlvdAlbuquerque, NM 87108

Property Details for 301 San Mateo Blvd

Year built

1994

Lot size

17.65 AC

Property size (Sq ft)

209,538 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

1-017-057-486-097-4-20-10

APU

101705748609742010

Description

This exceptional 206,278 square foot former Walmart Supercenter presents a unique investment opportunity in Albuquerque, New Mexico. Situated on a substantial 17.6-acre lot at 301 San Mateo Blvd SE, this single-story, 1994-built building offers significant potential for owner-users or redevelopment. The property is entirely vacant, providing a blank canvas for a variety of uses. Its prime location within Bernalillo County, in a densely populated, in-fill area, offers unparalleled access to a substantial customer base. The surrounding area boasts key amenities including the University of New Mexico campus, Albuquerque International Airport, and two major medical facilities (UNMH and Presbyterian Hospital), along with established residential neighborhoods. This high-traffic location, visible and accessible from a major arterial, benefits from 360-degree population density. The existing structure offers considerable cost savings compared to new construction, a significant advantage given the scarcity of similarly sized development parcels in this area. This is a rare chance to acquire a large-scale retail property in a thriving Albuquerque market. The property's zip code is 87108.

• CAP approach

  CAP return

  Valuation

  6%

  $44,512,892

  6.5%

  $41,088,824

  7%

  $38,153,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,499,212

  Geo Method

  $43,626,316

• Alternative Use

  Use

  Valuation

  Residential

  $34,659,960

  Hospitality

  $31,748,338

  Educational

  $26,414,244

  Medical

  $27,322,670

  Retail

  $41,088,824

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0757

Longitude

-106.588

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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