13180 Central Avenue Southeast Albuquerque, NM 87121
13180 Central Avenue Southeast, Albuquerque, NM, 87121
Contact for pricing
For Sale
Contact for pricing
Shopping centers
Property Size129,446 SF
Price / SF$166.99
Days on Market98
Property Features for 13180 Central Avenue Southeast
General Information
- Standard status
- Active
- Size
- 129,446 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Faris Lee Investments
(949) 221-1810
Listed by
Jeff Conover · License #CA 01008195
Source
Crexi
Added: Apr 15 Updated: Jul 20 at 9:22PM Checked: Jul 21 at 6:34AM
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
Key Highlights
- Four Hills Village is a grocery‑anchored retail center built in 2003.
- Anchored by Sprouts Farmers Market and Michaels.
- 32,395 SF of available shop space provides leasing upside.
Local Financial Insights For Specialty 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 | $2.02M | $15.60 |
| − Vacancy | −$141.4k | −$1.09 |
| EGI | $1.88M | $14.51 |
| − OpEx | −$469.5k | −$3.63 |
| NOI | $1.41M | $10.88 |
129,446 SF · lease $15.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$20.12M
$17.61M – $23.48M
NOI $1,408,502 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$17.06M
$14.92M – $19.90M
NOI $1,193,906 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$26.31M
$23.03M – $30.70M
NOI $1,842,027 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- 4 Hills Village — Central Ave SE, Albuquerque, NM 87123
- Canyon Plaza — 417 Tramway Blvd NE, Albuquerque, NM 87123
- Coinstar Kiosk | Bitcoin ATM — Kroger - Smith's Food & Drug C, 200 Tramway Blvd SE, Albuquerque, NM 87112
FAQs
Where is this shopping center located?
The property is located at 13180 Central Avenue Southeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $21,616,000.
What are key features of this property?
This property features: Four Hills Village is a grocery‑anchored retail center built in 2003.; Anchored by Sprouts Farmers Market and Michaels.; 32,395 SF of available shop space provides leasing upside.
