10120 Central Ave SW, Albuquerque, NM 87121
6,000 SF retail property with long-term tenants.
- Added:
- Jun 10, 2025
- Days on Market:
- 382
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 10120 Central Ave SW
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.27 Acres
- Property subtype
- Retail
Listing office Hanna Commercial, LLC (505) 332-0522
Listing date Jun 10, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial, LLC
HighLights
- High 8.59% Cap Rate
- Long‑Term Tenants (Restaurant & Daycare)
- Multi‑Year Tenant History with Annual Rent Escalations
- Located on Iconic Route 66 Corridor
- 1.27‑Acre Site with Drive‑Thru and Monument Signage
- Minimal Landlord Oversight
Overview
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 | $93.6k | $15.60 |
| − Vacancy | −$6.6k | −$1.09 |
| EGI | $87.0k | $14.51 |
| − OpEx | −$21.8k | −$3.63 |
| NOI | $65.3k | $10.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.7456587
- Latitude
- 35.0704019
