Drive-Through Restaurant with Outdoor
11715 Central Ave NE, Albuquerque, NM 87123
For Sale
New
Contact for pricing
Existing service infrastructure supports both drive-in ordering and drive-through operations.
Property Size1,372 SF
Price / SF$273.32
Days on Market7
Property Features for 11715 Central Ave NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Drive-Thru
Pylon Signage
Traffic Count
Highway Access
Additional Details
Patio
Listing Agency:
NAI SunVista - Albuquerque
(505) 878-0001
Listed By:
Genieve Posen · License #NM53880
(505) 290-7413
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 8 at 8:50AM
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 NAI SunVista - Albuquerque
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,372-square-foot restaurant property is configured for drive-in and drive-through service. The site includes 24 drive-in stalls, 9 parking spaces, outdoor dining, and a large pylon sign. Its service infrastructure is ready for occupancy.
The property is on Central Ave. near the intersection with Juan Tabo Blvd., where traffic is reported at 51,800 cars per day. I-40 is a short drive away.
The property is on Central Ave. near the intersection with Juan Tabo Blvd., where traffic is reported at 51,800 cars per day. I-40 is a short drive away.
Key Highlights
- 1,372 square feet with drive‑in and drive‑through service infrastructure ready for occupancy
- 24 drive‑in stalls and 9 parking spaces
- Outdoor dining area and large pylon sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,214
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,280
$464.3K
Cap Rate 7%
$331,629
$331.6K
Cap Rate 9%
$257,933
$257.9K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$32.9K $24.00/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$31.0K $22.56/SF
− OpEx
−$7.7K −$5.64/SF
NOI
$23.2K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,280
Cap Rate 7%
$331,629
Cap Rate 9%
$257,933
Alternative Uses
Best Use
Specialty Retail
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.9K
$290.4K – $387.2K
NOI $23,234 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
51,800 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Dollar General
Shops & Services
12,665 visits/mo
0.1 miles
SONIC Drive In
Dining
10,769 visits/mo
0.0 miles
Phillips 66
Shops & Services
8,563 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,351 visits/mo
0.1 miles
Wienerschnitzel
Dining
6,154 visits/mo
0.1 miles
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Existing service infrastructure supports both drive-in ordering and drive-through operations.
Where is this drive through restaurant located?
The property is located at 11715 Central Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,372 square feet with drive‑in and drive‑through service infrastructure ready for occupancy; 24 drive‑in stalls and 9 parking spaces; Outdoor dining area and large pylon sign
