9368 Valley View Dr NW - Apartments FOR SALE


Albuquerque, NM 87114- Riverfronte Estates Inc
$5,500,000 USD
505-798-6300
9368 Valley View Dr NW, Albuquerque, NM for Sale
$5,500,000 USD
Apartments - FOR SALE
1/77
null | 5.8% Cap Rate

9368 Valley View Dr NW
Albuquerque, NM 87114
Riverfronte Estates Inc


OVERVIEW

Prime investment opportunity in a high-visibility location just off Coors Blvd, boasting traffic counts of approximately 43,000 vehicles per day. This unique mixed-use property features a 5,046 square foot commercial retail building currently occupied by a well-established Anytime Fitness, providing immediate income potential. Positioned directly behind the retail space are 13 well-designed condominium units, each offering 2 bedrooms and 2.5 bathrooms, an ideal setup for strong, consistent rental demand. The residential component overlooks the scenic Black Farm area, adding an attractive lifestyle element for tenants and enhancing long-term value. With a combination of stable commercial tenancy, multiple residential income streams, and exceptional exposure in a high-traffic corridor. This property presents a rare opportunity for investors seeking both cash flow and appreciation potential.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

13

PRICE/UNIT

$423,077

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Incredible Newer Retail & Multifamily Inv.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,463 SF

ZONING

MX-L

APN/PARCEL ID

1-013-064-339318-1-04-07

ASK ABOUT THIS PROPERTY

Thomas GallegosBerkshire Hathaway HomeServices New MexicoMore Info
505-798-6300

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Thomas GallegosBerkshire Hathaway HomeServices New MexicoMore Info
505-798-6300

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