1027 San Mateo BlvdAlbuquerque, NM 87108

Property Details for 1027 San Mateo Blvd

Year built

1950

Lot size

0.15 AC

Property size (Sq ft)

2,026 SF

Property type

Retail space

APN

1-017-056-528-293-1-08-04

APU

101705652829310804

Description

This exceptional investment opportunity presents a fully renovated restaurant located at 1027 San Mateo Blvd SE, Albuquerque, New Mexico, 87108. The 1,898 square foot property sits on a 0.15-acre lot and boasts 10 parking spaces, catering to both staff and patrons. Operating under a NNN lease, this retail space is zoned MX-L and benefits from its prime location on a busy thoroughfare, experiencing a combined daily vehicle traffic count of 32,000 vehicles from San Mateo and Zuni boulevards. The property is conveniently situated near major retailers such as Big Lots, Walmart, AutoZone, Dollar Tree, Mister Carwash, Bank of the West, and Bob's Burgers, ensuring high visibility and foot traffic. Internal features include a main dining room, dry storage, and a staff restroom. All utilities—cable, electricity, natural gas, and sewer—are connected. The asking price is $388,800, offering a compelling 9.07% cap rate. Its proximity to Kirtland Air Force Base, Albuquerque International Sunport, and I-40 further enhances its appeal. The restaurant's complete renovation ensures a move-in ready condition, minimizing upfront investment for the new owner. This property presents a rare opportunity to acquire a well-located, high-performing restaurant investment in a thriving Albuquerque commercial area. The property is approximately 305 feet from Whittier Elementary School.

• CAP approach

  CAP return

  Valuation

  6%

  $430,390

  6.5%

  $397,284

  7%

  $368,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,927

  Geo Method

  $421,818

• Alternative Use

  Use

  Valuation

  Residential

  $335,124

  Hospitality

  $306,971

  Educational

  $255,397

  Medical

  $264,180

  Retail

  $397,284

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0663

Longitude

-106.587

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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