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Available first time in 50 years, NE Heights office/retail, 7.41% cap rate, potential seller financing.On behalf of the owners, Maestas Real Estate Services and NM Apartment Advisors are excited to bring to market this amazing, once in a generational opportunity to redevelop a site that is A+ location.A Northeast Heights Landmark Since the 1950s, built in 1956, Chaparral Center has been part of Albuquerque's Northeast Heights for nearly 70 years, dating back to a pivotal period when the city was rapidly expanding eastward and many of the surrounding neighborhoods were first taking shape. The property sits immediately adjacent to Sombra del Monte Elementary School, established in 1954, creating a longstanding connection between the center and the residential community that has grown around it. The property also has deep roots in Albuquerque's real estate history as a many decade long hub of real estate and beauty salon spaces.Today, Chaparral Center remains ideally positioned within a mature and established Northeast Heights trade area. Located along Candelaria Road just west of Eubank Boulevard, the center benefits from prominent street visibility, ample parking, daily activity associated with the neighboring elementary school, and a substantial surrounding residential population. Approximately 144,000 residents and 65,000 households are located within three miles of the property, providing an established customer base for neighborhood-serving businesses.Unlike newer commercial developments that rely on future rooftops and projected population growth, Chaparral Center is already embedded within generations of established neighborhoods, schools and community infrastructure. Its combination of history, local ownership, accessibility and neighborhood connectivity creates an exceptional opportunity for salon and beauty concepts, wellness and medical providers, professional services, educational uses and other businesses that benefit from repeat neighborhood customers.Seller financing: With a credible business plan and approach from a qualified buyer, the Seller is open to offering Seller financing with better than market rate terms.Flexible zoning and historic uses as indication of future tenants: The mixed use (MX-L) zoning and abundance (45) of parking spaces make this an ideal property for an owner occupant like a real estate office, title company office, mortgage brokerage office, church, day care or beauty/hair salon.The start price on this property is $1,150,000 or $105.40/sf which is a 7.41% cap rate based on a 95% occupancy and average rents of $12/sf.Lots of runway to upside: If the new owner programs in renovations and tenant improvement allowances for new leases, comparable competing for lease properties indicates lease rates closer to $22.58/sf.Owner occupancy potential: The property has 10 spaces plus a large storage yard/garage. Spaces 9301 and 9307 are contiguous, vacant and available for an owner occupant, they total 4,000 sf are located in a prominent street facing location. A virtual tour of those spaces can be viewed at www.nmapartment.com/3dcandelaria930122-page flyer and marketing info available at http://www.nmapartment.com/apt/NMAA-Candelaria9311NE.pdf. Register for the confidential info at www.nmapartment.com/cand9301neThe Seller is offering a buyer concession, that the buyer can use to pay their buyer's broker. Buyer's and Buyer's brokers can obtain a copy of said addendum by emailing compensation@nmapartment.com with the subject line of Listing #2667311.Do not miss out, this same geography has rental and for sale comps at twice the price!

Highlights

  • Commercial Sale
  • Retail
  • 0.76 Acre Lot
  • 72 days on Market

  • Stories
    1.0
  • Construction Materials
    Frame, Stucco
  • Cooling
    Evaporative Cooling
  • Heating
    Natural Gas, Hot Water

  • Acres
    0.76
  • Utilities
    Cable Available, Natural Gas Available, Cable Connected, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected


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How do I get more information about 9301 Candelaria Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,150,000. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Albuquerque, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 9301 Candelaria Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 9301 Candelaria Rd at around $7,236. This includes estimated property taxes and insurance.

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Can I negotiate the asking price for 9301 Candelaria Rd?

In most cases, yes. Whether 9301 Candelaria Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Albuquerque's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

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What is the price per square foot for this home?

This home is listed at $1,150,000 with 10,735 sqft of space—that comes out to approximately $107 per square foot.

How long has this property been on the market?

9301 Candelaria Rd was listed on August 28, 2026, which means it's been on the market for 72 days.

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What is the lot size of this property?

9301 Candelaria Rd sits on a 0.76-acre lot, which is 33,106 square feet.

What are the property taxes for 9301 Candelaria Rd?

The most recent public record shows annual property taxes for 9301 Candelaria Rd were approximately $12,005. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 9301 Candelaria Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 08, 2026 at 11:26AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1109951