Building Details

Year Built 1965

Year Renovated 2015

Buildings 1

Listing Agency: SVN / Walt Arnold Commercial Brokerage, Inc.

Listed By: Walt Arnold · License #9117 Show Phone

Source: Carnm.resimplifi

Added: Jan 1, 2025 Changed: Oct 2 Last Checked: Oct 12 at 4:38PM

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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 SVN / Walt Arnold Commercial Brokerage, Inc.

Investment Insights

Based on property information with market context.

Located at 4910 Central Ave SE in Albuquerque, this freestanding retail property contains 8,325 square feet of building area. The structure dates to 1965 and received renovation work in 2015, combining an established building shell with more recent updates.

The property carries MX-M zoning and is positioned for retail use within the Albuquerque market. Its standalone configuration provides a distinct commercial building rather than a multi-tenant suite arrangement.

Key Highlights

• 8,325 SF freestanding retail building
• Renovated in 2015
• Originally built in 1965

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$119,668

Cap Rate

9.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,393,360 $2.4M

Cap Rate 7%

$1,709,543 $1.7M

Cap Rate 9%

$1,329,644 $1.3M

Market Conditions

NOI Build-Up for 8,325 SF

Gross rent

$184.8K $22.20/SF

− Vacancy

−$13.9K −$1.67/SF

EGI

$171.0K $20.54/SF

− OpEx

−$51.3K −$6.16/SF

NOI

$119.7K $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 Rate 5%

$2,393,360

Cap Rate 7%

$1,709,543

Cap Rate 9%

$1,329,644

Alternative Uses

Best Use

Retail

$1.71M

$1.50M – $1.99M (±1% cap)

NOI $119,668 @ 7.0% cap · market cap 9.02%

Second Best

Industrial

$715.5K

$626.1K – $834.8K (±1% cap)

NOI $50,087 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $140,979 @ 7.0% cap · market cap 10.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store Hermosillo Hot Dogs Restaurant CARQUEST AUTO PARTS ... Auto Parts Store

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,535

Businesses Nearby

127k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 61% Dining 33% Electronics 6%

Dion's Pizza Dining

15,979 visits/mo 0.1 miles

Murphy USA Shops & Services

15,490 visits/mo 0.4 miles

Circle K Shops & Services

11,307 visits/mo 0.3 miles

Wells Fargo Shops & Services

10,649 visits/mo 0.4 miles

AutoZone Shops & Services

10,471 visits/mo 0.4 miles

Demographics for 87108, NM

36,773

Population

19,153

Households

1.9

Avg Household Size

39

Median Age

33%

College-Educated

85%

High-School Grad

5.9 sq mi

ZIP Area

6,233

Density / Sq Mi

$39,578

Median Household Income

$31,478

Median Earnings

$828

Median Rent

$227,600

Median Home Value

Market

Vacancy Rate% for Retail in Albuquerque, NM

7.8% 2019

8.4% 2020

7.9% 2021

4.8% 2022

4.2% 2023

5.7% 2024

5.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Renovated in 2015 and zoned MX-M, the property offers a standalone commercial setting for retail occupancy.

Where is this retail space located?

The property is located at 4910 Central Ave SE Albuquerque, NM.

What is the asking price?

The asking price for this property is $1,326,000.

What are key features of this property?

This property features: 8,325 SF freestanding retail building; Renovated in 2015; Originally built in 1965