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Historic Restaurant in Los Ranchos

8032 4th Street NW Los Ranchos, NM 87114

8032 4th Street NW, Los Ranchos, NM, 87114

$2,750,000

For Sale

$2,750,000

COMMERCIAL - Los Ranchos, NM

Property Size8,591 SF

Lot Size2.04 Acres

Price / SF$320.10

AddedJan 27

Days on Market170

Last RefreshJul 16 at 1:06 am

Property Features for 8032 4th Street NW

General Information

Property type: Commercial Sale
Property subtype: Other
Parking: 38
Parking features: Guest
Accessibility: Accessible Approach with Ramp
Standard status: Active
APN: 101506423700740107
Size: 8,591 SF
Lot size: 2.04 Acres

Taxes and HOA fees

Tax Annual Amount: 14198

Building Details

Floors in Building: 2

Listing agent 724 Real Estate

Listing office Berkshire Hathaway NM Prop 6711 Academy Rd Ste B, Albuquerque, NM

Listing date Jan 27, 2026

MLS# 1098005

Investment Insights

Based on property information with market context.

This historic New Mexican restaurant, situated in the heart of the North Valley, has served the community for over 50 years. The restaurant spans 8591 square feet, offering dining and serving space suitable for various occasions. Sprawling patios feature koi fish ponds and gardens, creating an inviting atmosphere for patrons to enjoy drinks and cocktails from the full-service bar. The interior provides ample seating for both intimate dinners and large banquet celebrations. The property includes full-service, large kitchens equipped to handle substantial crowds, along with two large walk-in freezers to accommodate high-volume supply storage. The property is located in Los Ranchos, NM, and the lot size is 2.04 acres.

Key Highlights

Established New Mexican restaurant with 50+ years of service.
Expansive 8591 sq ft dining and serving space.
Sprawling patios with koi fish ponds and gardens.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$118.6k	$13.80
− Vacancy	−$7.7k	−$0.90
EGI	$110.8k	$12.90
− OpEx	−$27.7k	−$3.23
NOI	$83.1k	$9.68

8,591 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,137 @ 7.0% cap · market cap 3.02%

Second Best

Retail

$1.05M

$917.8K – $1.22M (±1% cap)

NOI $73,427 @ 7.0% cap · market cap 2.67%

Theoretical Best

Office A

$1.78M

$1.55M – $2.07M (±1% cap)

NOI $124,350 @ 7.0% cap · market cap 4.52%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Casa de Benavidez Restaurant Benavidez Foods LLC Big Box & Wholesale Store Priya PK Bank

Suggested Use

Similar Off Market Nearby

Stay in Your Lane — 8025 Edith Blvd NE, Albuquerque, NM 87113

For sale
Restaurants
NM
Los Ranchos
87114
8032 4th Street NW

What type of property is this?

Restaurant - Established New Mexican restaurant with expansive dining and patio space.

Where is this restaurant located?

The property is located at 8032 4th Street NW Los Ranchos, NM.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Established New Mexican restaurant with 50+ years of service.; Expansive 8591 sq ft dining and serving space.; **Sprawling patios with koi fish ponds and gardens.**