Renovated Retail Storefront with
13032 Central Ave SE Albuquerque, NM 87123
13032 Central Ave SE, Albuquerque, NM, 87123
Contact for pricing
For Sale
Contact for pricing
Freshly renovated retail space with a flexible open layout, multiple access points, pylon signage, and ample parking.
Property Size2,381 SF
Price / SF$173.04
Days on Market156
Property Features for 13032 Central Ave SE
General Information
- Standard status
- Active
- Size
- 2,381 SF
- Property subtype
- Retail
Listing agency
King Capital Commercial Real Estate
(505) 292-9607
Listed by
Isaac Sanchez · License #NM-55007
Source
Crexi
Added: Feb 16 Updated: Jul 22 at 3:42AM Checked: Jul 22 at 3:42AM
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 King Capital Commercial Real Estate
Investment Insights
Based on property information with market context.
This freshly renovated retail storefront is set up with a fully fenced site and a flexible open floorplan designed to support a variety of retail layouts. The property also features multiple access points and pylon signage to help support customer visibility, along with ample parking for day-to-day operations.
The offering is located at 13032 Central Ave SE in Albuquerque, New Mexico. The center is described as being surrounded by national co-tenancy.
Overall, the combination of renovation, fenced site configuration, multiple entry points, and signage makes the space suitable for tenants seeking a straightforward retail configuration with adaptable interior planning.
The offering is located at 13032 Central Ave SE in Albuquerque, New Mexico. The center is described as being surrounded by national co-tenancy.
Overall, the combination of renovation, fenced site configuration, multiple entry points, and signage makes the space suitable for tenants seeking a straightforward retail configuration with adaptable interior planning.
Key Highlights
- Freshly renovated retail space with a flexible, open layout
- Multiple access points off Central Ave
- Fully fenced property
Local 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 | $52.9k | $22.20 |
| − Vacancy | −$4.0k | −$1.67 |
| EGI | $48.9k | $20.54 |
| − OpEx | −$14.7k | −$6.16 |
| NOI | $34.2k | $14.37 |
2,381 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$488.9K
$427.8K – $570.4K
NOI $34,226 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,321 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Veterans Integration Centers ...
Advocacy Group
New Mexico Veterans ...
Food Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freshly renovated retail space with a flexible open layout, multiple access points, pylon signage, and ample parking.
Where is this retail space located?
The property is located at 13032 Central Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $412,000.
What are key features of this property?
This property features: Freshly renovated retail space with a flexible, open layout; Multiple access points off Central Ave; Fully fenced property
