3848 Rio Grande Boulevard NW Albuquerque, NM $ 600,000
3848 Rio Grande Boulevard NW
$ 600,000
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3848 Rio Grande Boulevard NW

Albuquerque, NM, 87107
$ 600,000
Bedrooms-- Baths-- Sq 3,037
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Property for Rent in Albuquerque, NM

for $600,000. This 3,037 square foot property was built on a lot size of 0.21.

Corner visibility, North Valley appeal and in-place income meet at Rio Grande Boulevard and Griegos Road, near the Rio Grande Shops at Flying Star Plaza. Two buildings with five suites offer investment and future owner-user possibilities. Three suites in 3846 are leased through 2027; two vacant suites in 3848 offer immediate lease-up opportunities. After the applicable lease expires, Suite A in 3846 could serve as a 2-bedroom/1-bath residence with a full kitchen, dining and living room. With modifications to connect Suite B internally, the residence could expand to 3 bedrooms/2 baths with a second living or work space, subject to required approvals. Pursue a five-suite rental investment or plan for future residential occupancy while retaining income. The prominent corner lot offers exposure along two established roads near shopping and dining. MX-M mixed-use zoning supports a range of potential uses, subject to applicable requirements and approvals.

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Rental Active

Price

$ 600,000

Taxes

$ 5,831

Style

Lot Size

0.21

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1112914

Features
General
Heating Natural Gas
Cooling Ductless Evaporative Cooling
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Construction Materials Adobe Frame Stucco
Tenant Pays Insurance Repairs
Property Subtype Mixed Use
Gross Income 65400
County Bernalillo
Operating Expense 23204
Insurance Expense 3317
Property Type Commercial Sale
MaintenanceExpense 4524
Building Features Private Restrooms Storage
Status Active
Directions Property is located on the SE corner of Rio Grande Blvd NW and Griegos Rd NW and includes all units in 3846 and 3848
City Albuquerque
Disclosures RANM 2100 Disclosure
Zoning Description MX-M*
MLS Area 101 - Near North Valley
Lot Size Square Feet 9148
Listing Terms Cash Conventional FHA Lease Lease Option VA Loan
Land Lease Y/N false
Tax Annual Amount 5831.54
Ok to Lease 24 Months
Leasable Area 60
Lease Considered Y/N false
Virtual Tour https://my.matterport.com/show/?m=jEBGBUj8ZpA https://my.matterport.com/show/?m=jEBGBUj8ZpA
Lease Type Other See Remarks
Standard Status Active
Property Sub Type Additional Mixed Use
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Parking Features Guest On Site
Total Parking 11
Building Area Total 3037
Lot Size Acres 0.21
Road Surface Type Asphalt
Lot Size Source Survey
Road Frontage Type City Street
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* Excluded Features
List By
Peace of the Planet Properties

Listing Agent

Keller Williams Realty

Broker

lisa@peaceoftheplanet.com

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$600,000 Listed Price

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3848 Rio Grande Boulevard NW, Albuquerque, NM, 87107 is a Property for Rent at $600,000 with 3,037 sqft and a lot size of 0.21. The property's zip code is 87107 which is in Albuquerque, NM