Retail Shopping Center with
For Sale
Contact for pricing
585 Osuna Rd NE, Albuquerque, NM 87113
Includes about 4,000 SF vacant space alongside existing tenants at the center.
Property Size14,160 SF
Price / SF$197.74
Days on Market506
Property Features for 585 Osuna Rd NE
General Information
Standard status
Active
Size
14,160 SF
Property subtype
RETAIL
Occupancy
72%
Additional Details
Traffic Count
20,200 vehicles/day
Listing Agency:
NAI SunVista - Albuquerque
(505) 228-0154
Listed By:
Martha Carpenter
(505) 228-0154
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Jul 26
Last Checked: Jul 26 at 4:57PM
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 SunVista - Albuquerque
Investment Insights
Based on property information with market context.
This retail shopping center has an approximate 4,000 SF vacancy, representing about 28% of the center’s total area. Current tenants include Amadeo’s Pizza, Subway, Volcanic Training, and Home Instead Home Care, with tenants reported to have been in place since 2011. The estimated NNN expense is $3.50/SF.
The property is located directly across from Sandia Prep and is less than one-half mile from the Vista del Norte neighborhood. The center is positioned for visibility to an estimated 120,200 cars per day and includes a parking ratio noted as 5:1,000.
The property is located directly across from Sandia Prep and is less than one-half mile from the Vista del Norte neighborhood. The center is positioned for visibility to an estimated 120,200 cars per day and includes a parking ratio noted as 5:1,000.
Key Highlights
- Vacancy of about 4,000 SF (28%) within a retail center with existing tenants
- Estimated NNN: $3.50/SF
- Tenants include Amadeo’s Pizza, Subway, Volcanic Training, and Home Instead Home Care; tenants in the center since 2011
Financial Insights For 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 | $314.4k | $22.20 |
| − Vacancy | −$23.6k | −$1.67 |
| EGI | $290.8k | $20.54 |
| − OpEx | −$87.2k | −$6.16 |
| NOI | $203.5k | $14.37 |
14,160 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.91M
$2.54M – $3.39M
NOI $203,543 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $239,791 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,200 VPD
Traffic count
72%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
233k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 27%
Hotels & Casinos 5%
Cracker Barrel Old Country Store
Dining
36,091 visits/mo
0.4 miles
Starbucks
Dining
34,129 visits/mo
0.3 miles
Whataburger
Dining
30,325 visits/mo
0.3 miles
Dollar Tree
Shops & Services
26,989 visits/mo
0.5 miles
Circle K
Shops & Services
20,581 visits/mo
0.2 miles
Demographics for 87113, NM
16,380
Population
7,155
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
1,099
Density / Sq Mi
$92,083
Median Household Income
$59,641
Median Earnings
$1,581
Median Rent
$362,100
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Includes about 4,000 SF vacant space alongside existing tenants at the center.
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: Vacancy of about 4,000 SF (28%) within a retail center with existing tenants; Estimated NNN: $3.50/SF; Tenants include Amadeo’s Pizza, Subway, Volcanic Training, and Home Instead Home Care; tenants in the center since 2011
