1401 Yale Boulevard SE, Albuquerque, NM 87106

Listing Agency: Reliance Realty 1***@comcast.net

Listed By: Murad I Hijazi · License #18389 Show Phone

Source: Chrislucasabq

Added: Mar 18 Changed: Nov 6 Last Checked: Nov 6 at 6:59AM

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Investment Insights

Based on property information with market context.

This automotive shop contains 4,530 square feet, including 3,000 square feet of open space. The open area provides the property's principal interior feature.

The property is located at 1401 Yale Boulevard SE in Albuquerque, New Mexico. The available information also identifies prior use as a car dealership.

Key Highlights

• 3,000 square feet of open interior space
• 4,530‑square‑foot automotive property
• Previously used as a car dealership

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,255

Suggested Prices Based on Cap Rates

Cap Rate 5%

$545,100 $545.1K

Cap Rate 7%

$389,357 $389.4K

Cap Rate 9%

$302,833 $302.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,530 SF

Gross rent

$40.8K $9.00/SF

− Vacancy

−$1.8K −$0.41/SF

EGI

$38.9K $8.59/SF

− OpEx

−$11.7K −$2.58/SF

NOI

$27.3K $6.02/SF

Area

Albuquerque, NM

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$545,100

Cap Rate 7%

$389,357

Cap Rate 9%

$302,833

Alternative Uses

Best Use

Retail

$930.2K

$814.0K – $1.09M (±1% cap)

NOI $65,116 @ 7.0% cap · market cap 1,669.64%

Second Best

Industrial

$389.4K

$340.7K – $454.3K (±1% cap)

NOI $27,255 @ 7.0% cap · market cap 698.85%

Theoretical Best

Office A

$1.10M

$958.9K – $1.28M (±1% cap)

NOI $76,713 @ 7.0% cap · market cap 1,967.00%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pholopater Faltas Real Estate Agency M & M Stores Grocery & Convenience Store La Mexicana 106.3 Radio Station Alpha Automotive Car Dealership

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Building Supply Skin Care Clinic Auto Parts Store

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

577

Businesses Nearby

34k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Hotels & Casinos 49%

Applebee's Dining

9,934 visits/mo 0.5 miles

Little Caesars Pizza Dining

7,241 visits/mo 0.5 miles

Courtyard Albuquerque Airport Hotels & Casinos

3,433 visits/mo 0.4 miles

Comfort Inn Hotels & Casinos

3,278 visits/mo 0.3 miles

Residence Inn Albuquerque Airport Hotels & Casinos

2,704 visits/mo 0.3 miles

Demographics for 87106, NM

26,987

Population

13,893

Households

1.9

Avg Household Size

32

Median Age

53%

College-Educated

91%

High-School Grad

35.8 sq mi

ZIP Area

754

Density / Sq Mi

$51,079

Median Household Income

$29,393

Median Earnings

$904

Median Rent

$332,100

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

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Auto shop - The building includes 3,000 square feet of open space within a 4,530-square-foot structure.

Where is this auto shop located?

The property is located at 1401 Yale Boulevard SE Albuquerque, NM.

What are key features of this property?

This property features: 3,000 square feet of open interior space; 4,530‑square‑foot automotive property; Previously used as a car dealership