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Sandia Heights Village 12700 San Rafael Ave NE 14,932 SF 100% Leased Retail Building Albuquerque, NM 87122 $4,070,174 ($272.58/SF) 6.90% Cap Rate
Investment Highlights
- 100%-leased retail center
- Situated in the highest income demographic area of the city
- Large monument sign
- Located at a signalized hard corner
- Outstanding visibility
- High traffic count of 21,100 cars per day
Executive Summary
Fully-Stabilized Retail Investment in the Affluent Far Northeast Heights
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,932 SF
Building Class
C
Year Built
1985
Price
$4,070,174
Price Per SF
$272.58
Cap Rate
6.90%
NOI
$280,842
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.00 AC
Zoning
C-1 - Neighborhood Commercial Zone
Parking
75 Spaces (5.02 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Storage Space
- Monument Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-023-063-067147-3-01-30 | Improvements Assessment | $269,040 |
| Land Assessment | $191,530 | Total Assessment | $460,570 |
Property Taxes
Parcel Number
1-023-063-067147-3-01-30
Land Assessment
$191,530
Improvements Assessment
$269,040
Total Assessment
$460,570
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