Freestanding Retail
For Sale
$1,399,000
4910 Central Ave SE, Albuquerque, NM 87108
Renovated in 2015 and zoned MX-M, the property offers a standalone commercial setting for retail occupancy.
Property Size8,325 SF
Price / SF$168.05
Days on Market605
Property Features for 4910 Central Ave SE
General Information
Standard status
Active
Size
8,325 SF
Property subtype
Investment
Zoning
MX-M
Building Details
Year Built
1965
Year Renovated
2015
Buildings
1
Listing Agency:
SVN / Walt Arnold Commercial Brokerage, Inc.
(505) 269-9358
Listed By:
Walt Arnold · License #9117
(505) 269-9358
Source:
Carnm.resimplifi
Added: Jan 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:03PM
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.
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 = 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
$119,668
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
8.55%
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%
$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
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
$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 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%
$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
NOI $119,668 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$715.5K
$626.1K – $834.8K
NOI $50,087 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,979 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $1,399,000.
What are key features of this property?
This property features: 8,325 SF freestanding retail building; Renovated in 2015; Originally built in 1965
