Two-Unit Automotive
New
For Sale
$875,000
12609 Central Avenue NE, Albuquerque, NM 87123
CommercialSale, Albuquerque, NM
Property Size4,500 SF
Lot Size0.34 Acres
Price / SF$194.44
Days on Market1
Property Features for 12609 Central Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-H*
Parking
30
Directions
West on Central Ave from Tramway to 12609 Central Ave on the north side of the street Corner of Central & Figuroa
Subdivision
50 - Northeast Heights
Standard status
Active
APN
102205619445121213
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
4109
Utilities
Heating system
Electric (Heating), Natural Gas
Cooling system
Multi Units
Amenities
shop area
office
kitchen area
private restroom
storage room
Building Details
Floors in Building
1
Building materials
Block, Frame, MetalFrame, MetalSiding, Concrete
Listing Agency:
Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
(505) 798-6300
Listed By:
Kamran Omidvar · License #16266
(505) 319-3800
Added: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 1112105
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit automotive property on Central Avenue includes a roughly 3,000-square-foot primary space and a second unit of about 1,500 square feet. The larger unit has a vehicle shop with a hydraulic lift and air compressor, plus an office, a compact kitchen area, a private restroom, and a large storage room. The smaller unit includes an office and is occupied by a rent-paying tenant.
The property is in Albuquerque’s East Central area, near Tramway. Its MX-H zoning designation is described as High Intensity Mixed-Use; permitted uses should be verified.
The property is in Albuquerque’s East Central area, near Tramway. Its MX-H zoning designation is described as High Intensity Mixed-Use; permitted uses should be verified.
Key Highlights
- Two units: approximately 3,000 square feet and 1,500 square feet
- Primary space includes a commercial‑grade hydraulic jack and air compressor
- Primary unit has an office, small kitchen area, private restroom, and large storage room
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
Industrial
$386.8K
$338.4K – $451.2K
NOI $27,074 @ 7.0% cap · market cap 3.09%
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
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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 - MX-H zoning places the property in a high-intensity mixed-use district.
Where is this auto shop located?
The property is located at 12609 Central Avenue NE 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: Two units: approximately 3,000 square feet and 1,500 square feet; Primary space includes a commercial‑grade hydraulic jack and air compressor; Primary unit has an office, small kitchen area, private restroom, and large storage room
