Freestanding Storefront
For Sale
$450,000
1214 Juan Tabo Blvd NE, Albuquerque, NM 87112
Open-plan commercial space with ADA access, private parking, and a fenced rear yard.
Property Size2,304 SF
Price / SF$195.31
Days on Market242
Property Features for 1214 Juan Tabo Blvd NE
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
11
Property subtype
Retail
Zoning
MX-L
Site & Location
Corner Location
Yes
Traffic Count
25,000 vehicles/day
Amenities
ADA-compliant restroom
ADA-compliant ramp
fenced yard
basement storage
open floor plan
prominent building signage
Building Details
Year Built
1983
Buildings
1
Listing Agency:
RESOLUT RE
(505) 337-0777
Listed By:
Remsa Troy
(505) 337-0777
Source:
Carnm.resimplifi
Added: Jan 1
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 RESOLUT RE
Investment Insights
Based on property information with market context.
This freestanding 2,304 SF building offers an open interior configuration suited to retail, office, or service-oriented operations. Improvements include an ADA-compliant restroom, an exterior ADA ramp, stairs, prominent building signage, and additional basement storage. Eleven private parking spaces are positioned alongside and in front of the building, while a fenced rear yard provides secured outdoor space for storage, deliveries, or other supported uses.
The property fronts Juan Tabo Blvd NE at the southeast corner of Constitution and Juan Tabo in Albuquerque’s Northeast Heights submarket. Juan Tabo carries exposure to more than 25,000 vehicles per day and serves as a commuter route connecting surrounding neighborhoods with Sandia National Laboratories and Kirtland Air Force Base. The site is within two miles of four schools and near Dutch Bros, Domino’s, Champion Xpress Car Wash, Chuze Fitness, El Pollo Loco, and Popeyes. Zoning is MX-L, and the building was constructed in 1983.
The property fronts Juan Tabo Blvd NE at the southeast corner of Constitution and Juan Tabo in Albuquerque’s Northeast Heights submarket. Juan Tabo carries exposure to more than 25,000 vehicles per day and serves as a commuter route connecting surrounding neighborhoods with Sandia National Laboratories and Kirtland Air Force Base. The site is within two miles of four schools and near Dutch Bros, Domino’s, Champion Xpress Car Wash, Chuze Fitness, El Pollo Loco, and Popeyes. Zoning is MX-L, and the building was constructed in 1983.
Key Highlights
- 2,304 SF freestanding building on Juan Tabo Blvd NE
- Exposure to over 25,000 vehicles per day
- 11 private parking spaces alongside and in front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,380
$662.4K
Cap Rate 7%
$473,129
$473.1K
Cap Rate 9%
$367,989
$368.0K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$51.1K $22.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$47.3K $20.54/SF
− OpEx
−$14.2K −$6.16/SF
NOI
$33.1K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,380
Cap Rate 7%
$473,129
Cap Rate 9%
$367,989
Alternative Uses
Best Use
Retail
$473.1K
$414.0K – $552.0K
NOI $33,119 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.4K
$487.7K – $650.3K
NOI $39,017 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
227k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Groceries 19%
Albertsons
Groceries
43,500 visits/mo
0.3 miles
McDonald's
Dining
33,385 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
23,833 visits/mo
0.1 miles
Burger King
Dining
17,029 visits/mo
0.4 miles
Taco Bell
Dining
16,712 visits/mo
0.3 miles
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with ADA access, private parking, and a fenced rear yard.
Where is this storefront property located?
The property is located at 1214 Juan Tabo Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,304 SF freestanding building on Juan Tabo Blvd NE; Exposure to over 25,000 vehicles per day; 11 private parking spaces alongside and in front of the building
