1520 Lomas Boulevard NW, Albuquerque, NM 87104

$800,000

Property Type: Commercial Sale Square Footage: 3,029 Lot Size (sq. ft.): 10,846 Status: Active

Current Price: $800,000 List Date: 2/10/2026 Last Modified: 2/11/2026

Overview

Description

Stabilized NNN Investment | 8.25% Cap Rate Exceptional opportunity to acquire a stabilized commercial asset with a strong 8.25% cap rate supported by a 5-year NNN lease in place. Prime location directly off Lomas and Central with high vehicle counts, excellent visibility, and prominent signage along a major retail corridor. The property features a strong lease history and is zoned and configured for a variety of retail uses, offering long-term flexibility and future leasing upside. Ideal for investors seeking dependable cash flow in a high-traffic, highly visible retail location.

Listing Details MLS# 1098123

Contract Information

List Price/SqFt: 264.11

Location

Street #: 1520
Street Name: Lomas
St Suffix: Boulevard
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87104
Zip +4: 1255
Directions: From I-25 and Lomas, go west on Lomas. When you pass 15th St the property will be located on the south side of Lomas.
MLS Area Major: 80 - Downtown Area
Zone Atlas: J13
Downtown: Yes
Freestanding: Yes

General Property Description

Property Sub-Type: Retail Building(s)
Living Area: 3029
SqFt Source: Professional
Acres: 0.25
Lot SqFt: 10846
Apx Lot Dim Front: 100
Apx Lot Dim Side: 100
Lot Size Source: On-Line
Flood Zone: X
Total # Stories: Yes
# Parking Spaces: 20
Docks: No
Disability Access: Yes
HVAC: Yes
% Occupied: 100
Transaction Type: Sale
# of Docks: 0
Door Height: No

Miscellaneous

Land Ownership: Land Owned

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

Sales Info

Trade/Xch Considered: No

More Information

Tax & Legal Info

UPC Code: 101305831419143009
Short Legal Desc: Trs 87-A & 87-B Mrgcd Map 38 & Lt 1 Blk 20 Perea Addn Cont 10,850 Sq Ft +-
GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 5414.9

Construction Materials

Block: Yes
Frame: Yes
Stucco: Yes

Heating

Natural Gas: Yes

Tenant Pays

Triple Net: Yes

Income & Expenses

Lease Term/Months: 5 years

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Features

220 Power: Yes
Security System: Yes

Property Access

S Property Line: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Lease Information

Other - See Remarks: Yes

Parking

Guest Parking: Yes
Off Site: Yes
On Site: Yes

Docs/Data Available

Existing Leases: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Lease: Yes
Owner Financing: Yes

Zoning

MX-L*: Yes

Property Features

Location: Downtown; Freestanding; Downtown; Freestanding Construction Materials: Block; Frame; Stucco Property Access: S Property Line Road Frontage Type: City Street Road Surface Type: Paved Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Natural Gas Cooling: Evaporative Cooling Tenant Pays: Triple Net Features: 220 Power; Security System Lease Information: Other - See Remarks Parking: Guest Parking; Off Site; On Site Finance Considered: Cash; Conventional; Lease; Owner Financing Zoning: MX-L*

Listing Office: Keller Williams Realty

Last Updated: February - 11 - 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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1520 Lomas Boulevard NW, Albuquerque, NM 87104 (MLS# 1098123)