119 San Pasquale Avenue SW, Albuquerque, NM 87104
COMMERCIAL - Albuquerque, NM
- Added:
- Feb 27, 2025
- Days on Market:
- 481
- Last Refresh:
- Jun 23 at 9:06 am
Property Features for 119 San Pasquale Avenue SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 32
- Security features
- Security
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 101305815520531408
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4936
Utilities
- Heating system
- Natural Gas, Electric (Heating)
Building Details
- Floors in Building
- 1
- Building materials
- Block
Listing agent Jimmie D Norris License #52531 (505) 234-6225
Listing office EXP Realty LLC 100 Sun Avenue #650, Albuquerque, NM (505) 554-3873
Listing date Feb 27, 2025
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.
HighLights
- Mixed‑use property near downtown and historic Old Town at 119 San Pasquale Ave SW, Albuquerque, NM 87104
- Approximately 5,000 SF total with two self‑contained suites: 3,000 SF restaurant/bar and 2,000 SF retail
- Each suite has its own restroom for tenant flexibility or separate business operations
- Both suites are occupied with recent leases
- Electric and natural gas heating
- Block construction and accessible approach with ramp
Overview
Located at 119 San Pasquale Avenue SW in Albuquerque, the building is positioned near downtown and historic Old Town, putting it in a walk-to commercial setting serving visitors and nearby daily needs.
For investors, the property presents a leased mixed-use configuration with dedicated restroom facilities per suite and a split between restaurant/bar and retail uses. For tenant users, the layout allows for occupancy that aligns with either food and beverage concepts or retail operations, while the separation of suites can help support distinct business needs within the same building. The current occupancy and leased structure may appeal to buyers seeking an established setup rather than repositioning from unoccupied space.
Local Financial Insights For Specialty 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 | $120.0k | $24.00 |
| − Vacancy | −$7.2k | −$1.44 |
| EGI | $112.8k | $22.56 |
| − OpEx | −$28.2k | −$5.64 |
| NOI | $84.6k | $16.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.669349
- Latitude
- 35.092926
