119 San Pasquale Avenue SW Albuquerque, NM 87104
COMMERCIAL - Albuquerque, NM
Property Features for 119 San Pasquale Avenue SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 32
- Security features
- Security
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 101305815520531408
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4936
Utilities
- Heating system
- Natural Gas, Electric (Heating)
Building Details
- Floors in Building
- 1
- Building materials
- Block
Listing agent Jimmie D Norris License #52531 (505) 234-6225
Listing office EXP Realty LLC 100 Sun Avenue #650, Albuquerque, NM (505) 554-3873
Listing date Feb 27, 2025
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is positioned near downtown and historic Old Town in Albuquerque, with a configuration that lends itself to foot-traffic-oriented retail and food-and-beverage use. Both suites are currently occupied with recent leases.
For buyers or tenants looking for a streamlined commercial setup, the separate-suite layout provides flexibility for retail operators and food-and-beverage users that want dedicated in-suite restrooms. The existing leased occupancy also creates a straightforward path for parties evaluating ongoing operations within a mixed-use building.
Key Highlights
- Mixed‑use property at 119 San Pasquale Ave SW, Albuquerque, NM 87104 (approx. 5,000 SF total).
- Block construction with natural gas and electric (heating).
- Floor plan includes a 3,000 SF restaurant/bar space and a 2,000 SF retail space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.0k | $24.00 |
| − Vacancy | −$7.2k | −$1.44 |
| EGI | $112.8k | $22.56 |
| − OpEx | −$28.2k | −$5.64 |
| NOI | $84.6k | $16.92 |
