Established Restaurant Building For
4703 Central Ave NW Albuquerque, NM
For Sale
Contact for pricing
Restaurant building with indoor and outdoor seating available for sale.
Property Size2,796 SF
Lot Size0.51 Acres
Price / SF$295.06
Days on Market499
Property Features for 4703 Central Ave NW
General Information
Standard status
Active
Size
2,796 SF
Lot size
0.51 Acres
Property subtype
RETAIL
Listing Agency:
Johnson Commercial Real Estate
(505) 250-9661
Listed By:
Ed Anlian CCIM
(505) 250-9661
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:28AM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This restaurant building, constructed in 2002, has been family-owned and operated for over 35 years. The building is in very good condition and includes 100 indoor seats and an outdoor patio with seating for 20. Signage is available on Central Ave NW. The restaurant is located less than one block from an Albuquerque Rapid Transit (A.R.T) bus stop. The sale does not include the restaurant name. The property size is 2,796 square feet and is suitable for restaurant or retail use.
Key Highlights
- Established Restaurant: Benefit from over 35 years of brand equity.
- High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.
- Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
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 | $67.1k | $24.00 |
| − Vacancy | −$4.0k | −$1.44 |
| EGI | $63.1k | $22.56 |
| − OpEx | −$15.8k | −$5.64 |
| NOI | $47.3k | $16.92 |
2,796 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$675.8K
$591.4K – $788.5K
NOI $47,308 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$574.2K
$502.4K – $669.9K
NOI $40,191 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$676.4K
$591.9K – $789.2K
NOI $47,349 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- A Little Taste of Aloha — 5905 berquist pl nw, albuquerque, nm 87105
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant building with indoor and outdoor seating available for sale.
Where is this restaurant located?
The property is located at 4703 Central Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Established Restaurant: Benefit from over 35 years of brand equity.; High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.; Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
