Central Avenue Commercial
6610 Central Ave SE Albuquerque, NM 87108
6610 Central Ave SE, Albuquerque, NM, 87108
Contact for pricing
For Sale
Contact for pricing
Pending
Commercial property with high visibility and fenced yard for sale.
Property Size3,129 SF
Days on Market678
Property Features for 6610 Central Ave SE
General Information
- Standard status
- Pending
- Size
- 3,129 SF
- Property subtype
- Retail
Listing agency
NAI Sun Vista
(505) 878-0001
Listed by
Alexis Lovato · License #NM 55026
Source
Crexi
Added: Sep 12, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 21 at 2:37PM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This commercial property on Central Avenue offers visibility to approximately 19,000 vehicles per day. Suited for either sale or lease, the property features perimeter fencing and a gated yard. It is ideally located for an auto sales or service business and is also suitable for an industrial user requiring a fenced yard. The property includes a large pylon sign and one 10-foot by 8-foot roll-up door. The building size is 3129 square feet. The property has been recently renovated.
Key Highlights
- High visibility location with 19,000 cars per day
- Fenced and gated yard
- Perfect for auto sales/service or industrial use
Local 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 | $69.5k | $22.20 |
| − Vacancy | −$5.2k | −$1.67 |
| EGI | $64.3k | $20.54 |
| − OpEx | −$19.3k | −$6.16 |
| NOI | $45.0k | $14.37 |
3,129 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$642.5K
$562.2K – $749.6K
NOI $44,978 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$268.9K
$235.3K – $313.8K
NOI $18,826 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$757.0K
$662.4K – $883.1K
NOI $52,988 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Mexico Title ...
Loan Service
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7315 central ave ne, albuquerque, nm 87108
- U-Haul Neighborhood Dealer — 5516 Silver Ave SE Ste 2, Albuquerque, NM 87108
- Trailer Rental at U-Haul — 6401 Central Ave NE, Albuquerque, NM 87108
- Propane Refill at U-Haul — 6401 Central Ave NE, Albuquerque, NM 87108
- U-Haul Moving & Storage at Central — 6401 Central Ave NE, Albuquerque, NM 87108
FAQs
What type of property is this?
Automotive property - Commercial property with high visibility and fenced yard for sale.
Where is this automotive property located?
The property is located at 6610 Central Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High visibility location with 19,000 cars per day; Fenced and gated yard; Perfect for auto sales/service or industrial use
