Historic Retail Building in Old
For Sale
$1,000,000
2104 Charlevoix St. NW, Albuquerque, NM 87104
Charming 2,481 SF retail building in vibrant Old Town Albuquerque.
Property Size2,481 SF
Price / SF$403.06
Days on Market251
Property Features for 2104 Charlevoix St. NW
General Information
Standard status
Active
Size
2,481 SF
Property subtype
Retail
Listing Agency:
(505) 269-9358
Listed By:
Walt Arnold, CCIM, SIOR · License #NM #9117
(505) 269-9358
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 3:15AM
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 Walt Arnold, CCIM, SIOR
Investment Insights
Based on property information with market context.
This historic 2,481 SF building, located at 2104 Charlevoix St. NW, Albuquerque, NM 87104, presents a retail investment opportunity. Zoned MX-T, it offers a unique canvas for retail or street retail investors, featuring a functional layout. Situated in Old Town Albuquerque, an area known for tourism, the property benefits from its proximity to amenities. It has great access to I-40 via Rio Grande Blvd and is near the Bio Park, Albuquerque Zoo, museums, and close to Downtown. The property is located in Tract 208-A, Map 38, M.R.G.C.D., Bernalillo County, New Mexico. This location holds tremendous potential for a successful retail venture in the vibrant Albuquerque area.
Key Highlights
- Prime location in Old Town Albuquerque, a high‑tourism area.
- MX‑T zoning allows for diverse retail or street retail ventures.
- Functional 2,481 SF building layout.
Financial Insights For 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 | $55.1k | $22.20 |
| − Vacancy | −$4.1k | −$1.67 |
| EGI | $50.9k | $20.54 |
| − OpEx | −$15.3k | −$6.16 |
| NOI | $35.7k | $14.37 |
2,481 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$509.5K
$445.8K – $594.4K
NOI $35,663 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.2K
$525.2K – $700.2K
NOI $42,014 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
110k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 16%
Hotels & Casinos 4%
Beauty & Spa 1%
Starbucks
Dining
29,064 visits/mo
0.3 miles
McDonald's
Dining
19,913 visits/mo
0.4 miles
Speedway
Shops & Services
17,765 visits/mo
0.3 miles
Wendy's
Dining
11,984 visits/mo
0.4 miles
Blake's LotaBurger
Dining
10,953 visits/mo
0.2 miles
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Turquoise Tree Flower Shop — 303 Romero St NW suite 123, Albuquerque, NM 87104
- Enchanted Garden — 105 Romero St NW, Albuquerque, NM 87104
- Jennifer Thompson Designs — 1301 7th st nw, albuquerque, nm 87102
- Estella Flowers and Gift Shop — 1909 Bellamah Ave NW, Albuquerque, NM 87104
Frequently Asked Questions
What type of property is this?
Storefront property - Charming 2,481 SF retail building in vibrant Old Town Albuquerque.
Where is this storefront property located?
The property is located at 2104 Charlevoix St. NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location in Old Town Albuquerque, a high‑tourism area.; MX‑T zoning allows for diverse retail or street retail ventures.; Functional 2,481 SF building layout.
