C-1 Retail Strip
For Sale
Contact for pricing
12700 San Rafael Ave. NE, Albuquerque, NM 87122
The retail strip center carries C-1 zoning and provides a substantial commercial footprint.
Property Size14,932 SF
Price / SF$272.58
Days on Market54
Property Features for 12700 San Rafael Ave. NE
General Information
Standard status
Active
Size
14,932 SF
Class
B
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$280,842
Additional Details
Cap Rate
6.9%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
NAI Sun Vista
Listed By:
Todd Strickland · License #NM
(505) 998-5735
Source:
Crexi
Added: Aug 24
Changed: Oct 16
Last Checked: Oct 16 at 9:25AM
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
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Investment Insights
Based on property information with market context.
This retail strip mall contains 14,932 square feet and is identified under C-1 zoning. The property is located at 12700 San Rafael Ave. NE in Albuquerque, New Mexico, within the 87122 ZIP code.
The asset is presented with a 6.90% capitalization rate, providing a concise financial reference for evaluation alongside its retail configuration and commercial zoning.
The asset is presented with a 6.90% capitalization rate, providing a concise financial reference for evaluation alongside its retail configuration and commercial zoning.
Key Highlights
- 14,932 square feet of retail property
- C‑1 zoning
- 6.90% capitalization rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,640
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,292,800
$4.3M
Cap Rate 7%
$3,066,286
$3.1M
Cap Rate 9%
$2,384,889
$2.4M
Market Conditions
NOI Build-Up for 14,932 SF
Gross rent
$331.5K $22.20/SF
− Vacancy
−$24.9K −$1.67/SF
EGI
$306.6K $20.54/SF
− OpEx
−$92.0K −$6.16/SF
NOI
$214.6K $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%
$4,292,800
Cap Rate 7%
$3,066,286
Cap Rate 9%
$2,384,889
Alternative Uses
Best Use
Retail
$3.07M
$2.68M – $3.58M
NOI $214,640 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,864 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 87122, NM
18,225
Population
7,139
Households
2.6
Avg Household Size
50
Median Age
73%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
840
Density / Sq Mi
$161,299
Median Household Income
$83,874
Median Earnings
$1,900
Median Rent
$614,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Strip mall - The retail strip center carries C-1 zoning and provides a substantial commercial footprint.
Where is this strip mall located?
The property is located at 12700 San Rafael Ave. NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,070,174.
What are key features of this property?
This property features: 14,932 square feet of retail property; C‑1 zoning; 6.90% capitalization rate
