Mixed-Use Property with Restaurant
119 San Pasquale Avenue SW, Albuquerque, NM 87104
For Sale
$960,000
Commercial Sale, Albuquerque, NM
Property Size5,073 SF
Lot Size0.46 Acres
Price / SF$189.24
Days on Market622
Property Features for 119 San Pasquale Avenue SW
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Jimmie D Norris · License NM #52531
(505) 234-6225
Added: Feb 27, 2025
Changed: Nov 9
Last Checked: Nov 10 at 5:06PM
MLS# 1080387
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 5,073 square feet, with approximately 3,000 square feet configured for restaurant and bar use and 2,000 square feet designated as retail space. The property is described as occupied, with recent leases in place. Its zoning is identified as ABQ City.
The property is near downtown Albuquerque and historic Old Town. The reported capitalization rate is 8.3%.
The property is near downtown Albuquerque and historic Old Town. The reported capitalization rate is 8.3%.
Key Highlights
- 5,073‑square‑foot mixed‑use property
- Approximately 3,000 square feet of restaurant and bar space
- Approximately 2,000 square feet of retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,835
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,700
$1.7M
Cap Rate 7%
$1,226,214
$1.2M
Cap Rate 9%
$953,722
$953.7K
Market Conditions
NOI Build-Up for 5,073 SF
Gross rent
$121.8K $24.00/SF
− Vacancy
−$7.3K −$1.44/SF
EGI
$114.4K $22.56/SF
− OpEx
−$28.6K −$5.64/SF
NOI
$85.8K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,700
Cap Rate 7%
$1,226,214
Cap Rate 9%
$953,722
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,835 @ 7.0% cap · market cap 8.94%
Second Best
Retail
$1.04M
$911.5K – $1.22M
NOI $72,922 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,908 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 93%
Hotels & Casinos 4%
Beauty & Spa 3%
McDonald's
Dining
19,913 visits/mo
0.4 miles
Wendy's
Dining
11,984 visits/mo
0.1 miles
Baskin-Robbins
Dining
3,868 visits/mo
0.4 miles
Econo Lodge Old Town
Hotels & Casinos
1,434 visits/mo
0.5 miles
Aveda Institute
Beauty & Spa
1,087 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Mixed-use property - The occupied commercial property includes restaurant and bar space alongside retail space.
Where is this mixed-use property located?
The property is located at 119 San Pasquale Avenue SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 5,073‑square‑foot mixed‑use property; Approximately 3,000 square feet of restaurant and bar space; Approximately 2,000 square feet of retail space
