12700 San Rafael Ave NE - Freestanding FOR SALE


Albuquerque, NM 87122- Sandia Heights South
$4,118,000 USD
310-740-2051
12700 San Rafael Ave NE, Albuquerque, NM for Sale
$4,118,000 USD
Freestanding - FOR SALE
1/8
null | 6.74% Cap Rate

12700 San Rafael Ave NE
Albuquerque, NM 87122
Sandia Heights South


HIGHLIGHTS

  • $4.11M Purchase Price | 6.75% In-Place Cap Rate
  • 100% Leased Stabilized Neighborhood Retail
  • 21,100+ Vehicles Per Day
  • Ample Surface Parking (75 Spaces)
  • C-1 Zoning Allows Broad Retail & Service Uses
  • Core-Plus Retail Investment in Northeast Heights

OVERVIEW

The property is offered as a stabilized, fully leased multi-tenant neighborhood retail investment located in Albuquerque’s highly desirable Northeast Heights submarket. The asset is 100% occupied and generates durable in-place cash flow supported by a diversified, service-oriented tenant mix and contractual rent increases. Positioned on a highly visible corner parcel with dual frontage along San Rafael Avenue and Tramway Boulevard, the property benefits from strong daily traffic exposure, convenient access, and consistent neighborhood demand. The center totals approximately 14,932 square feet and is situated on a ±1.27-acre site, providing a favorable land-to-building ratio and long-term optionality. The tenant roster is composed primarily of necessity-based and lifestyle service users, including veterinary care, insurance, personal services, fitness, creative studios, and food and beverage offerings. This service-driven mix limits exposure to e-commerce disruption and supports stable, repeat visitation. Offered at a 6.74% in-place capitalization rate, the property presents investors with a core-plus retail opportunity featuring predictable income, no lease-up risk, and limited near-term capital requirements. The surrounding trade area is characterized by above-average household incomes, established residential neighborhoods, and limited new retail supply, reinforcing long-term occupancy and income stability.

FOR SALE DETAILS

PRICE

$4,118,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SANDIA HEIGHTS VILLAGE IN A HIGH-INCOME AREA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront Retail/Office, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-1

APN/PARCEL ID

1-023-063-067147-3-01-30

ASK ABOUT THIS PROPERTY

Nitti KaurA360 Capital Real Estate & Business AdvisoryMore Info
310-740-2051

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Nitti KaurA360 Capital Real Estate & Business AdvisoryMore Info
310-740-2051

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.