Old Town Albuquerque Retail
For Sale
$1,140,000
419 San Felipe St. NW, Albuquerque, NM 87104
Retail investment opportunity in Albuquerque's historic Old Town.
Property Size2,850 SF
Price / SF$400
Days on Market251
Property Features for 419 San Felipe St. NW
General Information
Standard status
Active
Size
2,850 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 5:45AM
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.
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.
Key Highlights
- High foot traffic location in Old Town
- Strategic location in Old Town
- MX‑T zoning allows for flexible use
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 | $63.3k | $22.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $58.5k | $20.54 |
| − OpEx | −$17.6k | −$6.16 |
| NOI | $41.0k | $14.37 |
2,850 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$585.2K
$512.1K – $682.8K
NOI $40,967 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
97k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 18%
Beauty & Spa 2%
Hotels & Casinos 1%
Starbucks
Dining
29,064 visits/mo
0.5 miles
McDonald's
Dining
19,913 visits/mo
0.3 miles
Speedway
Shops & Services
17,765 visits/mo
0.5 miles
Wendy's
Dining
11,984 visits/mo
0.3 miles
Blake's LotaBurger
Dining
10,953 visits/mo
0.3 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.
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Frequently Asked Questions
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
