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    Albuquerque Retail Investment Opportunity Title is generated by Realmo AI

    585 Osuna Rd NE, Albuquerque, NM 87113

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    Retail property for sale with established tenants and high visibility.

    Type:Mixed Use, Retail
    Property size:
    14,160 SF
    Price / SF:
    $197/SF
    Added:
    Jan 6, 2025
    Days on Market:
    536
    Last Refresh:
    Mar 16 at 1:08 pm

    Property Features for 585 Osuna Rd NE

    General Information

    Standard status
    Active
    Size
    14,160 SF
    Property subtype
    Mixed Use, Retail

    Building Details

    Year Built
    2009

    We can help!

    Contact an agent
    Lisa Mercer
    Lisa Mercer

    Listing office NAI Sun Vista

    Listing date Jan 6, 2025

    Source Crexi

    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

    HighLights

    • Great owner/user opportunity
    • Located directly across from Sandia Prep
    • Great visibility to ±20,200 cars per day
    • Tenants have been in the center since 2011
    • Less than 1/2 mile from Vista del Norte neighborhood
    • 5:1,000 parking ratio

    Overview

    This commercial property offers an opportunity for retail investment or owner-user purchase. The property has a vacancy of approximately 4,000 square feet, representing 28% of the total space. Current tenants include Amadeo’s Pizza, Subway, Volcanic Training, and Home Instead Home Care; some have been in the center since 2011. The estimated NNN expenses are $3.50 per square foot. The location offers visibility with approximately 20,200 cars per day. Parking is available at a ratio of 5 spaces per 1,000 square feet. The property is located directly across from Sandia Prep and less than half a mile from the Vista del Norte neighborhood.

    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 $339.8k $24.00
    − Vacancy −$20.4k −$1.44
    EGI $319.4k $22.56
    − OpEx −$79.9k −$5.64
    NOI $239.6k $16.92
    14,160 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.42M
    $2.99M – $3.99M (±1% cap)
    NOI $239,587 @ 7.0% cap · market cap 8.56%
    Second Best
    Retail
    $2.91M
    $2.54M – $3.39M (±1% cap)
    NOI $203,543 @ 7.0% cap · market cap 7.27%
    Theoretical Best
    Office A
    $3.43M
    $3.00M – $4.00M (±1% cap)
    NOI $239,791 @ 7.0% cap · market cap 8.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Volcanic Training Gym & Fitness Center Subway Take-out & Catering Amadeo's Pizza & Subs Restaurant Home Instead Home Health Care Service Mary Martinez Home Health Care Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Far North Llc — 6300 San Mateo Blvd NE, Albuquerque, NM 87109
    • The Shoppes at 6001 San Mateo — 6001 San Mateo Blvd NE Ste B-3, Albuquerque, NM 87109
    • Fiesta Del Norte Shopping Center — 6001 san mateo blvd ne, albuquerque, nm 87109
    • @25 Shopping Center — 6700-6706 Jefferson St NE, Albuquerque, NM 87109

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6175287
    Latitude
    35.1512502

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    FAQs

    What type of property is this?
    Shopping center - Retail property for sale with established tenants and high visibility.
    Where is this shopping center located?
    The property is located at 585 Osuna Rd NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Great owner/user opportunity; Located directly across from Sandia Prep; Great visibility to ±20,200 cars per day
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Mercer
    Lisa Mercer
    Real Estate License ID: NM 53678
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