Two-Unit Auto
For Sale
$875,000
12609 Central Ave, Albuquerque, NM 87123
A vehicle service workspace is paired with a separate office suite occupied by a rent-paying tenant.
Property Size4,500 SF
Price / SF$194.44
Days on Market16
Property Features for 12609 Central Ave
General Information
Standard status
Active
Size
4,500 SF
Zoning
MX-H
Additional Details
Road Access
Yes
Amenities
shop area
office
kitchen area
private restroom
storage room
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway NM Prop
Listed By:
Kamran Omidvar · License #16266
(505) 319-3800
Source:
Myabqhomesearch
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 2:47AM
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 Berkshire Hathaway NM Prop
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Investment Insights
Based on property information with market context.
This two-unit auto shop totals approximately 4,500 square feet. The larger unit has a vehicle service area equipped with a hydraulic lift and air compressor, plus an office, kitchenette, private restroom, and substantial storage room. The second unit has a small office and is occupied by a rent-paying tenant.
The property is on Central Avenue near Tramway in Albuquerque and is zoned MX-H, designated for high-intensity mixed use. Buyers should verify permitted uses, area measurements, lease terms, and equipment details.
The property is on Central Avenue near Tramway in Albuquerque and is zoned MX-H, designated for high-intensity mixed use. Buyers should verify permitted uses, area measurements, lease terms, and equipment details.
Key Highlights
- Approximately 4,500 square feet across two units
- Unit A is approximately 3,000 square feet; includes shop area, office, kitchenette, restroom, and storage
- Shop equipment includes a commercial‑grade hydraulic jack and air compressor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,685
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,293,700
$1.3M
Cap Rate 7%
$924,071
$924.1K
Cap Rate 9%
$718,722
$718.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$99.9K $22.20/SF
− Vacancy
−$7.5K −$1.67/SF
EGI
$92.4K $20.54/SF
− OpEx
−$27.7K −$6.16/SF
NOI
$64.7K $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 Rate 5%
$1,293,700
Cap Rate 7%
$924,071
Cap Rate 9%
$718,722
Alternative Uses
Best Use
Retail
$924.1K
$808.6K – $1.08M
NOI $64,685 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$781.1K
$683.4K – $911.3K
NOI $54,675 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.09M
$952.6K – $1.27M
NOI $76,205 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 45%
Hotels & Casinos 3%
Electronics 1%
Dollar General
Shops & Services
12,665 visits/mo
0.4 miles
SONIC Drive In
Dining
10,769 visits/mo
0.4 miles
Phillips 66
Shops & Services
8,563 visits/mo
0.1 miles
Wells Fargo
Shops & Services
8,351 visits/mo
0.3 miles
Wienerschnitzel
Dining
6,154 visits/mo
0.3 miles
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
Similar Off Market Nearby
- Donny's Automotive LLC — 12910 Central Ave SE, Albuquerque, NM 87123
- Caliber Collision — 221 Dorado Pl SE, Albuquerque, NM 87123
- Danlar Collision & Glass — 221 Dorado Pl SE, Albuquerque, NM 87123
- Pit Systems, LLC — 13170 Central Ave SE, Albuquerque, NM 87123
- Ultimate Chrome — 11320 cochiti rd se, albuquerque, nm 87123
Frequently Asked Questions
What type of property is this?
Auto shop - A vehicle service workspace is paired with a separate office suite occupied by a rent-paying tenant.
Where is this auto shop located?
The property is located at 12609 Central Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 4,500 square feet across two units; Unit A is approximately 3,000 square feet; includes shop area, office, kitchenette, restroom, and storage; Shop equipment includes a commercial‑grade hydraulic jack and air compressor
