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

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

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