Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    401 San Felipe St NW Albuquerque, NM 87104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,000,000

    4,056 SF building in Old Town with apartment upstairs.

    Property size:
    4,056 SF

    Property Features for 401 San Felipe St NW

    General Information

    Size
    4,056 SF

    Source: Kelly Schmidt, SIOR, MICP Agent Kelly Schmidt, SIOR, MICP

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

    Overview

    Old Town Albuquerque Investment Opportunity

    Located at 401 San Felipe St. NW, Albuquerque, NM, this 4,056 SF building presents a great investment opportunity. Zoned MX-T, the property features a functional layout within a well-maintained structure, making it an ideal choice for retail or street retail investors. The property includes an apartment upstairs, offering over 2,000 SF of space. Situated in Old Town, the location benefits from high foot traffic. The surrounding area offers eclectic charm and vibrant energy, with a mix of specialty shops, galleries, and local eateries. Its strategic position offers access to a steady flow of visitors and residents, making it an appealing investment for retail investors seeking to become part of the lively commercial fabric of Albuquerque. The area presents an exciting canvas for retail innovation and success and is near many amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indian Treasures & Jewelry Jewelry 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
    -106.6695215
    Latitude
    35.0973515

    Nearby Similar for Sale

    • $1,375,000
      8,134 SF

      Historic Route 66 Ranch Home

      Historic Route 66 ranch home on 10.7 acres.
      24 Matisse Rd NE, Albuquerque, NM 87123
      View Details
    • $3,000,000
      2.04 Acres

      Historic Restaurant in Los Ranchos

      Long-standing New Mexican restaurant with full bar and spacious patios.
      8032 4Th St NW, Los Ranchos, NM 87114
      View Details
    • $610,000
      1,372 SF

      Turnkey Tri-Plex in Huning Highland

      Well-maintained triplex with income potential near Downtown, UNM, Nob Hill.
      508 Walter St SE, Albuquerque, NM 87102
      View Details
    • $3,330,000
      1.20 Acres

      Albuquerque Industrial Property For Sale

      Versatile multi-suite industrial property in a sought-after location.
      2105 Aztec Rd NE, Albuquerque, NM 87107
      View Details
    • $1,020,000
      0.46 Acres

      Mixed-Use Property Near Old Town

      Mixed-use property near downtown and historic Old Town Albuquerque.
      119 San Pasquale Ave SW, Albuquerque, NM 87104
      View Details
    • $1,600,000
      6,148 SF

      Modern Albuquerque Multifamily Investment

      Newer 6-unit building, strong income potential, and immediate cash flow.
      615 Iron Ave SW, Albuquerque, NM 87102
      View Details

    FAQs

    What type of property is this?
    Storefront property - 4,056 SF building in Old Town with apartment upstairs.
    Where is this storefront property located?
    The property is located at 401 San Felipe St NW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime location in Old Town Albuquerque; - High foot traffic; - MX-T zoning suitable for retail/street retail
    (505) 417-1214
    Request Owner's contact information
    401 San Felipe St NW Albuquerque, NM 87104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 San Felipe St NW
    Albuquerque, NM 87104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    401 San Felipe St NW Albuquerque, NM 87104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.