933 San Mateo BlvdAlbuquerque, NM 87108

Property Details for 933 San Mateo Blvd

Lot size

0.52 AC

Property type

Retail space

APN

1-015-056-539-291-1-03-02

APU

101505653929110302

Description

This exceptional retail property, located at 933 San Mateo Blvd NE in Albuquerque, New Mexico (zip code 87108), offers a prime opportunity for businesses seeking high visibility and foot traffic. The 17,095 square foot strip center boasts a strong tenant mix, including established businesses such as Sprouts Grocery, True Value Hardware, T-Mobile, and Subway, ensuring a vibrant and thriving commercial environment. The property is situated on the southwest corner of Lomas Blvd and San Mateo Blvd, benefiting from excellent visibility and accessibility. Monument signage on both streets further enhances the property's marketing potential. Currently, there is no vacant space, however, spaces ranging from 1,975 to 4,158 contiguous square feet may become available. The minimum divisible space is 1,975 square feet. One space of 1,975 square feet is adjacent to Great Clips and The UPS Store, offering excellent synergy and potential for collaborative marketing. This property presents a rare opportunity to establish a presence in a high-traffic, well-established retail center in the heart of Albuquerque's bustling downtown area. Bernalillo County location ensures access to a large and diverse customer base. The property's strategic location and strong tenant lineup make it an ideal investment for discerning businesses seeking a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,774,869

  6.5%

  $4,407,572

  7%

  $4,092,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,880,671

  Geo Method

  $4,679,766

• Alternative Use

  Use

  Valuation

  Residential

  $3,717,952

  Hospitality

  $3,405,624

  Educational

  $2,833,439

  Medical

  $2,930,885

  Retail

  $4,407,572

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0662

Longitude

-106.622

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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