Albuquerque, NM Property For Sale and Lease

Restaurant infrastructure in place including baking hood, floor sink, and two walk-ins (pizza oven also available). Monument and facade signage available. Hard corner location in Nob Hill. Excellent parking with ±12 spaces. Two access points for convenient ingress and egress. Bountiful activity in the Nob Hill submarket. Over ±30,000 cars per day passing by on Central Avenue.

Fully paved with 150± parking spaces. 8′ wrought iron fencing on west, north and south sides of property and 8′ chain link fencing on east side. Readily supports a 14,755± SF building (see conceptual site plan). Water and sewer on property. Security access gate. NR-BP zoning (City of Albuquerque). Easy access to I-40.

Zoned NR-LM (Light Manufacturing), City of Albuquerque. Water and sewer on property. Fully fenced (8’ solid metal fence).

Water is located in Central and Amanda on the north and east sides of the property. Sanitary sewer is located in Central and in Candice Rose at the southeast corner of the property. Mostly level topography. Rectangular configuration.

Market Center Crossing is a regional power center anchored by Target, Best Buy and At Home located on I-40 in the Northeast Heights submarket of Albuquerque, NM. The center was fully redeveloped in 2015 to incorporate modern storefronts, refreshed landscaping and common areas. Substantial onsite parking opportunities are available for medical, office, restaurant, retail and general services.

• Prominent NE Heights junior box, available January 1, 2024

• Excellent retail synergy in this Northeast Heights retail corridor

• Great visibility on a hard corner of busy signalized intersection

• Prime retail location in the NE Heights

• Well-established center in busy trade area

• Located on Eubank Blvd with over 31,700 VPD

• Within one mile of I-40

• Large monument signage available

Convenient I-40 access. Retail and drive-thru pads available. Over 45,000 VPD at the intersection of Menaul Blvd and Carlisle Blvd.

Excellent visibility from Juan Tabo Blvd with 32,000 cars per day. Established retail center. Full access off Juan Tabo Blvd. Competitively priced for the Northeast Heights. Preferred parking with 53 spots.

• Former kitchen and bath showroom available

• 44,500 vehicles per day at intersection

• Alameda Blvd frontage offers excellent visibility and walk-in traffic

• Building signage available

• Direct ingress and egress from Alameda Blvd

• Across from the new CNM Campus (Architectural and Art Design Depts.) 1,100+ students and 300+ faculty

I-25 frontage with convenient access from the Gibson Blvd interchange. Ideal location for storage facility, hospitality, or multifamily uses. Close proximity to Sunport International Airport, University of New Mexico, Central New Mexico University, Kirtland Air Force Base, VA Hospital, DaVita Clinic, and Downtown Albuquerque. Immediately north of The View ABQ, a 786-bed student housing project.

• Great visibility along Wyoming Blvd and Menaul Blvd

• Over 59,800 VPD at the intersection

• Close proximity to Winrock, Uptown, and Coronado Mall

• Co-tenancy in strip center includes Baskin Robbins, Papa Murphys and SuperCuts

• Building and monument signage available

Far North is an iconic grocery-anchored neighborhood shopping center located in the Far Northeast Heights submarket of Albuquerque, NM. Fully renovated in 2019, Far North boasts new and modern facades, signage, and storefronts and improved and redesigned parking, landscaping, and common areas. The trade area is dense and established with a 3-mile radius population of 97,020 and average incomes of $90,070. Sprouts and Petco are the dominant anchors for Far North and generate exceptional daily and weekly trips from the surrounding neighborhoods. Traffic counts in excess of 73,000 vehicles at the signalized intersection. Multiple signage opportunities available.

Albuquerque is arguably the city with the greatest potential in all of America for growth, development and sustainable living. And there is one area of our city that is particularly suited to realize and sustain that potential: Mesa del Sol. The 16,000 acre mixed-use, master-planned community in Albuquerque’s southeast corner is now an area with active commercial and residential growth, active construction of new, modern homes, and incredible development progress. Located south of the Albuquerque Sunport, Mesa del Sol is home to Netflix ABQ Studios, the University of New Mexico’s Film & Digital Arts Department, the Isleta Amphitheater, and the New Mexico United multi-sport facilities. Netflix purchased the former Albuquerque Studios in 2018 and has recently announced plans to expand its existing campus by an additional 300 acres, making its North American headquarters in Albuquerque one of the largest high tech and sustainable film production facilities in the world. The expansion will create an estimated 1,000 new jobs and more than double production capacity with the addition of 10 new sound stages to supplement the 8 existing stages. New Mexico United has a long-term plan for a 32 field, multi-sport facility. Currently, there are six fields established in the 180-acre complex as well as New Mexico United’s practice facility, which held a preseason match in March of 2022. In the Mesa del Sol Aperture Center, the University of New Mexico holds classes for its Film & Digital Arts Department. The center houses a 100-seat theatre for film screenings and instruction as well as a flex space, computer labs, and project rooms designed for faculty and students to produce creative work for class and research.

• High profile shop space on Alameda Blvd NW in the highly desirable Cottonwood trade area

• Monument signage available

• Going to work side of the street

• 33,900 vehicles per day on Alameda

High-quality neighborhood strip retail. Single-story brick and stucco facades. Monument signage available. Excellent NE Heights location in established trade area. High exposure on San Mateo with over 45,400 VPD. Convenient I-25 access in close proximity. 5/1000 parking ratio.

Former dry cleaning space.

Located on a hard corner. Great visibility and frontage on Carlise Blvd. Heavily traveled corridor - Carlise and Menaul intersection with 52,100 VPD. Convenient access to freeways, infrastructure, and public transportation. Located in an opportunity zone. Numerous national retailers in close proximity.

8.39 acre. Zoned NR-BP (Business Park). Trailer parking available. 104± parking spaces. 32’ clear height. Dock-high loading. Drive-in (ramped) access. 40’ x 40’ column spacing. ESFR fire suppression system. Office area built to suit.

• Well-established center in busy trade area

• 35,000 VPD on going-home side of Wyoming Blvd

• Large customer parking field

• Three access points on Wyoming Blvd

• Monument Signage available

Perfect site for office or medical uses. Dense population in primary service area. Located on the hard corner with full access. Signalized intersection with high exposure.

Marble's Renovated Units Lease 31.12% Higher than those Not Renovated.

• Projected Year 2-3 Gross Income Growth: 18.96%.

• Substantial Capital Improvements 2018-2023.

• Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA.

• Situated in a Well-Maintained Office Corridor.

• Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%.

• Decommissioned Shared-Laundry Facility.

• In-Place Utility Reimbursement (RUBS).

The “Marble” apartments possess favorable property characteristics, including 50% 2 Bedroom-1 Bathroom and 50% 1 Bedroom-1 Bathroom units, sizable unit configurations (2BR-1 BA: 784 SqFt; 1 BR-1BA: 627 SqFt.), ample designated tenant parking (23 spaces; 1.5/unit), a decommissioned shared laundry facility (w/ hookups), and a shared courtyard.

Property Improvements: Since 2018, the property improvements include a TPO roof (2019), resurfaced parking lot (2023), exterior stucco (2023), three fully renovated units, and main gas line replacement (<5 years).

Income Growth Potential: 8101 Marble holds noteworthy income growth potential, which is exemplified by the current rent roll’s lease rate variation. Of the three fully renovated units, the 2 Bedroom-1 Bathroom units lease between $1,100-$1,144/mo. Including the respective units’ $95/mo. gas & water utility reimbursement fee (RUBS), the renovated 2 Bedroom units produce an average $1,217/mo. In theory, upon updating the remaining 2 Bedroom units, the base lease rates would increase 24.69%, and including RUBS income, 24.76%. The renovated 1 Bedroom-1 Bathroom unit leases for $895/mo. Including the $100/mo. utility reimbursement fee, the unit produces $995/mo. In theory, upon updating the remaining 1 Bedroom units, the base rent would increase 15.95%, and including RUBS income, 18.76%. Based on comparable properties' leased units, the 1 Bedroom-1 Bathroom Unit In-Place Rents are 19.84% below, and the 2 Bedroom-1 Bathroom Unit In-Place Rents are 13.91% the respective comps.

Location: In some cases, property management is challenged by dense multifamily neighborhoods because neighboring mismanaged properties expose the subject property to crime and trespassers. However, 8101 Marble NE is contiguous to a church, two office buildings, and a B/B+ apartment building. The 0.06 square mile (0.25 Mile radius) quadrant North of Marble Ave NE, East of Pennsylvania NE, South of US I-40, and West of Texas St NE comprises 39 commercial buildings. Of the 39 buildings, 87% are office, 5% are religious, and the remaining 8% are school, medical, and multifamily uses.

Location (Winrock Town Center Expansion): The “Marble” Apartments, located in a growing trade area, are approximately 1 mile from the luxury open-air shopping districts, Winrock Town Center & Albuquerque Uptown. Slated to break ground during the fall of 2023, the Winrock Town Center Development plans the following expansions, a 150-unit luxury hotel, a 200+-unit ground-floor retail apartment building, and a 3-story office building. The respective buildings plan to perimeter a lake, park, and 750-seat amphitheater, all of which will be accessible by a trolley transportation system. Ensuing the Winrock Expansion and existing proximity to Albuquerque Uptown, one can anticipate Marble’s value to appreciate.

Utilities & RUBS: Each residential unit has a proprietary electricity meter, all of which are the tenants’ responsibilities. There are single-shared Gas and Water meters., The owner's water and gas expenses s are partially recaptured via RUBS income ($1,065/mo.)

• Located in the growing Alameda Blvd retail corridor

• Strong traffic counts with over 27,700 VPD

• Located near Balloon Fiesta Park, which attracts over 200,000 visitors annually

• Full access intersection

Up to six (6) retail suites, directly across from UNM Main Campus with enrollment of approx. 24,000 students.

On the SEC of Central and Vassar.

High traffic area retail. In front of the building, Central Ave. has 33,600 average cars per weekday (MRCOG 2017 traffic flows map).

Daytime population:

• within 2 miles 62,490 and

• within 3 miles 129,146.

Residential population:

• within 2 miles 22,359 and

• within 3 miles 42,657 (2015 ACS 5-year census data).

Remodel plans include;

• new roof,

• new HVAC,

• updated electrical,

• new store front glass,

• new building facade, and

• reserved parking.

Demised suites available for NNN lease. Ready for build out.

Each suite is in "White Box" condition:

• new fully finished restroom,

• concrete floors,

• walls taped and floated ready for finishes,

• HVAC in place with open ceilings,

• typical LED retail lighting,

• electrical in walls distributed, and

• uplights for exterior signage in place.

Lots of pedestrian traffic at this address, Walk Score of 89 and Bike Score of 87.

Approximately 35 onsite spaces available

Co-listed with Kim Boucher of Re/Max Advantage. We are ready to strike deals at this small neighborhood center located at the southwest corner of Montgomery and Tramway! Great location with a number of space sizes and locations available in the Center. The owner has flexibility and may be able to put together as much as 11,000 SF for the right tenant. Not only do we have several retail spaces available, we have office and worship spaces available. More information is forthcoming.

Concrete tilt construction. 24′ clear height. Fully sprinklered. Dock and drive-in access. Office built to suit.

Concrete tilt-up construction. 32’ clear height. Zoned NR-BP. 150± car parking spaces. 27± trailer parking spaces. ESFR fire suppression. Dock and drive-in (ramp) access.

Fully conditioned space. 18’± structural clear height (8’ and 12’ existing drop ceiling height). Retail storefront. Zoned NR-C. Fully sprinkled. Landlord open to warehouse conversion of 5,400± SF, to include new grade-level overhead door. Monument and building signage. Great Interstate access. Dock access available.