Automotive Service Shop With
For Sale
$2,400,000
7800 Lomas Boulevard NE, Albuquerque, NM 87110
CommercialSale, Albuquerque, NM
Property Size5,800 SF
Lot Size1.21 Acres
Price / SF$413.79
Days on Market26
Property Features for 7800 Lomas Boulevard NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-M*
Parking
100
Parking features
Guest
Security features
Security
Directions
west on Lomas Blvd from Wyoming to property on The south side (Between Dallas St & Charleston )
Subdivision
50 - Northeast Heights
Standard status
Active
APN
101905724751722910
Lot size
1.21 Acres
Taxes and HOA fees
Tax Annual Amount
14073
Utilities
Cooling system
Multi Units
Amenities
polished showroom
dedicated offices
multiple HVAC systems
metal roof
three entrance gates
Building Details
Floors in Building
1
Building materials
Frame
Listing Agency:
Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
(505) 798-6300
Listed By:
Kamran Omidvar · License #16266
(505) 319-3800
Added: Aug 6
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# 1108712
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.
This automotive property includes a 5,800-square-foot dealership facility on a fully fenced 1.21-acre lot. The improvements feature a metal roof, multiple HVAC systems, a finished showroom, and dedicated offices for staff and management. Eleven service bays are equipped with lifts and jacks for automotive repair operations.
Three entrance gates on the north, east, and west sides support vehicle circulation across the site. The property is positioned on Lomas Boulevard NE in Albuquerque and sits alongside the area’s major dealership row, placing the facility within an established automotive commercial corridor.
Three entrance gates on the north, east, and west sides support vehicle circulation across the site. The property is positioned on Lomas Boulevard NE in Albuquerque and sits alongside the area’s major dealership row, placing the facility within an established automotive commercial corridor.
Key Highlights
- 5,800‑square‑foot dealership facility on a fully fenced 1.21‑acre lot
- 11 service bays equipped with lifts and jacks
- Showroom plus dedicated staff and management offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,440
$1.7M
Cap Rate 7%
$1,191,029
$1.2M
Cap Rate 9%
$926,356
$926.4K
Market Conditions
NOI Build-Up for 5,800 SF
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.
Gross rent
$128.8K $22.20/SF
− Vacancy
−$9.7K −$1.67/SF
EGI
$119.1K $20.54/SF
− OpEx
−$35.7K −$6.16/SF
NOI
$83.4K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,440
Cap Rate 7%
$1,191,029
Cap Rate 9%
$926,356
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,372 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$498.5K
$436.2K – $581.6K
NOI $34,896 @ 7.0% cap · market cap 1.45%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,220 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Burger King
Dining
13,833 visits/mo
0.4 miles
Circle K
Shops & Services
10,824 visits/mo
0.1 miles
Blake's LotaBurger
Dining
5,703 visits/mo
0.1 miles
Hertz
Shops & Services
542 visits/mo
0.0 miles
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Similar Off Market Nearby
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- Central Tires — 6419 Central Ave NE, Albuquerque, NM 87108
- Rg Auto — 204 Espanola St NE, Albuquerque, NM 87108
- Outlawz Customs — 201 Pennsylvania St NE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced automotive facility with a customer showroom, staff offices, and service bays equipped with lifts and jacks.
Where is this auto shop located?
The property is located at 7800 Lomas Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 5,800‑square‑foot dealership facility on a fully fenced 1.21‑acre lot; 11 service bays equipped with lifts and jacks; Showroom plus dedicated staff and management offices
