Mixed-Use Property with
For Sale
$675,000
12830 Central Avenue SE, Albuquerque, NM 87123
MX-H zoning supports retail, office, residential rental, and mixed-use applications on a Central Avenue site.
Property Size2,414 SF
Lot Size0.64 Acres
Price / SF$279.62
Days on Market175
Property Features for 12830 Central Avenue SE
General Information
Standard status
Active
Size
2,414 SF
Lot size
0.64 Acres
Property subtype
Mixed Use
Zoning
MX-H
Taxes and HOA fees
Annual Taxes
$12,280
Amenities
40 Parking Spaces. On Site.
Overhead Doors. Asphalt, City Road.
Building Details
Buildings
2
Listing Agency:
Berkshire Hathaway NM Prop
(505) 319-3800
Listed By:
Kamran Omidvar · License #16266
(505) 319-3800
Source:
Xome
Added: Mar 8
Changed: Aug 30
Last Checked: Aug 30 at 8:01PM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes two distinct structures on a 0.64-acre site. The larger building combines commercial space with a separate one-bedroom apartment, while the second structure provides additional space for operations, leasing, or a broader commercial-residential configuration. Overhead doors and an asphalt surface are included among the exterior features.
The property is located on Central Avenue along historic Route 66 and includes 40 on-site parking spaces. MX-H zoning is identified for potential retail, office, residential rental, and mixed-use applications, giving the site a range of documented commercial and residential use concepts.
The property is located on Central Avenue along historic Route 66 and includes 40 on-site parking spaces. MX-H zoning is identified for potential retail, office, residential rental, and mixed-use applications, giving the site a range of documented commercial and residential use concepts.
Key Highlights
- Two distinct structures on a 0.64‑acre lot
- Separate one‑bedroom apartment within the larger building
- MX‑H zoning identified for retail, office, residential rental, and mixed‑use concepts
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
$34,700
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
5.14%
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%
$694,000
$694.0K
Cap Rate 7%
$495,714
$495.7K
Cap Rate 9%
$385,556
$385.6K
Market Conditions
NOI Build-Up for 2,414 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
$53.6K $22.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$49.6K $20.54/SF
− OpEx
−$14.9K −$6.16/SF
NOI
$34.7K $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 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%
$694,000
Cap Rate 7%
$495,714
Cap Rate 9%
$385,556
Alternative Uses
Best Use
Retail
$495.7K
$433.8K – $578.3K
NOI $34,700 @ 7.0% cap · market cap 5.14%
Second Best
Office B
$458.1K
$400.9K – $534.5K
NOI $32,068 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$584.0K
$511.0K – $681.3K
NOI $40,880 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-H zoning supports retail, office, residential rental, and mixed-use applications on a Central Avenue site.
Where is this mixed-use property located?
The property is located at 12830 Central Avenue SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two distinct structures on a 0.64‑acre lot; Separate one‑bedroom apartment within the larger building; MX‑H zoning identified for retail, office, residential rental, and mixed‑use concepts
