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    405 Central Ave Northwest Albuquerque, NM 87102

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    For Sale
    $1,300,000

    Historic 14,962 SF building in downtown Albuquerque for sale.

    Property size:
    14,962 SF

    Property Features for 405 Central Ave Northwest

    General Information

    Size
    14,962 SF

    Building Details

    Year built
    1925

    Source: Kyle Kinney Agent Kyle Kinney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Albuquerque Building For Sale

    Located in downtown Albuquerque, this historic 14,962 SF building was constructed in 1925. The property is zoned MX-FB-UD, making it suitable for various concepts and ambitious business ventures. The location offers maximum visibility and accessibility. The surrounding area features a mix of cultural, dining, and entertainment venues, including Old Town Albuquerque, the Albuquerque International Balloon Fiesta Park, and the Albuquerque Museum. This location is ideal for special purpose and other investors looking to capitalize on the dynamic Albuquerque market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taco El Tecolote Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Erkos Same Day Albuquerque Flower Delivery, Roses Delivery from Matt J., Ives Flower Shop, Flowers By Zach-Low, Ives Flowers & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6517673
    Latitude
    35.0848781

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    FAQs

    What type of property is this?
    Storefront property - Historic 14,962 SF building in downtown Albuquerque for sale.
    Where is this storefront property located?
    The property is located at 405 Central Ave Northwest Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Prime downtown Albuquerque location offers maximum visibility and accessibility.; - Versatile MX-FB-UD zoning allows for a wide array of concepts and business ventures.; - Historic 14,962 SF building constructed in 1925.
    (505) 239-0612
    Request Owner's contact information
    405 Central Ave Northwest Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Central Ave Northwest Albuquerque, NM 87102
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