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    419 San Felipe St NW Albuquerque, NM 87104

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    For Sale
    $1,140,000

    Retail investment opportunity in Albuquerque's historic Old Town.

    Property size:
    2,850 SF

    Property Features for 419 San Felipe St NW

    General Information

    Size
    2,850 SF

    Source: Walt Arnold, CCIM, SIOR Agent Walt Arnold, CCIM, SIOR

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

    Overview

    Old Town Albuquerque Retail Investment

    Located at 419 San Felipe St. NW, Albuquerque, NM, 87104, this 2,850 SF building presents an exceptional retail investment opportunity. The property is zoned MX-T and situated in a strategic location in Old Town, characterized by high foot traffic. This makes it an ideal choice for retail or street retail investors. The area offers convenient access to the Old Town Plaza, which features specialty shops, galleries, and cultural attractions. The property's location benefits from a strong pedestrian presence and community events, as well as proximity to local boutiques and restaurants. The building has a functional layout and the MX-T zoning presents a promising prospect for a lucrative retail venture. The property represents an enticing prospect for investors seeking to become part of the area's lively retail scene.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nemat Galleries Art Gallery Four Corner Pottery ... Pottery Store

    Suggested Use

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

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

    Similar Places Nearby

    The Turquoise Tree Flower Shop, Enchanted Garden, Jennifer Thompson Designs, Estella Flowers and Gift Shop

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6695039
    Latitude
    35.0978885

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    FAQs

    What type of property is this?
    Storefront property - Retail investment opportunity in Albuquerque's historic Old Town.
    Where is this storefront property located?
    The property is located at 419 San Felipe St NW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,140,000.
    What are key features of this property?
    This property features: - High foot traffic location in Old Town; - Strategic location in Old Town; - MX-T zoning allows for flexible use
    (505) 269-9358
    Request Owner's contact information
    419 San Felipe St NW Albuquerque, NM 87104
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    Albuquerque, NM 87104
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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
    419 San Felipe St NW Albuquerque, NM 87104
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