Two-Building Storefront
For Sale
$1,400,000
1470 Bosque Farms Blvd, Bosque Farms, NM 87068
Fully occupied commercial buildings with multiple tenants, monument signage, and C-1 Community Commercial zoning.
Property Size7,090 SF
Lot Size0.73 Acres
Price / SF$197.46
Days on Market53
Property Features for 1470 Bosque Farms Blvd
General Information
Standard status
Active
Size
7,090 SF
Total Parking Spaces
24
Lot size
0.73 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Additional Details
Traffic Count
19,900 vehicles/day
Amenities
monument signage
Power
Water
Sewer
24 Parking Spaces
Building Details
Year Built
1961
Buildings
2
Tenancy
Multi
Listing Agency:
Weichert, Realtors - Image
Listed By:
Anthony Marino · License #53825
(505) 322-8521
Source:
Carnm.resimplifi
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 4 at 2:23AM
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 Weichert, Realtors - Image
Investment Insights
Based on property information with market context.
This storefront property comprises two fully occupied commercial buildings at 1450 and 1470 Bosque Farms Blvd. The combined property size is 7,090 square feet on approximately 0.73 acres, with multiple established tenants providing separate occupancy across the buildings. Monument signage, street frontage, and approximately 40 parking spaces support the commercial configuration. The buildings were constructed in 1961.
Located along Bosque Farms Blvd in Bosque Farms, the property has access to Los Lunas, Albuquerque, and surrounding communities. C-1 Community Commercial zoning applies to the site, and the two-building layout provides distinct commercial spaces within one ownership.
Located along Bosque Farms Blvd in Bosque Farms, the property has access to Los Lunas, Albuquerque, and surrounding communities. C-1 Community Commercial zoning applies to the site, and the two-building layout provides distinct commercial spaces within one ownership.
Key Highlights
- Two fully occupied commercial buildings at 1450 & 1470 Bosque Farms Blvd
- 7,090‑square‑foot property on approximately 0.73 acres
- C‑1 Community Commercial zoning
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
$60,598
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
4.33%
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%
$1,211,960
$1.2M
Cap Rate 7%
$865,686
$865.7K
Cap Rate 9%
$673,311
$673.3K
Market Conditions
NOI Build-Up for 7,090 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
$93.6K $13.20/SF
− Vacancy
−$7.0K −$0.99/SF
EGI
$86.6K $12.21/SF
− OpEx
−$26.0K −$3.66/SF
NOI
$60.6K $8.55/SF
Area
Valencia County, NM
Vacancy
7.50%
Lease Rate
$13.20 /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%
$1,211,960
Cap Rate 7%
$865,686
Cap Rate 9%
$673,311
Alternative Uses
Best Use
Retail
$865.7K
$757.5K – $1.01M
NOI $60,598 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,623 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,900 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
SONIC Drive In
Dining
11,691 visits/mo
0.1 miles
Dollar General
Shops & Services
11,113 visits/mo
0.1 miles
Blake's LotaBurger
Dining
6,786 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
2,103 visits/mo
0.2 miles
SUBWAY
Dining
1,873 visits/mo
0.4 miles
Demographics for 87068, NM
4,938
Population
2,252
Households
2.2
Avg Household Size
46
Median Age
24%
College-Educated
94%
High-School Grad
37.2 sq mi
ZIP Area
133
Density / Sq Mi
$63,287
Median Household Income
$37,753
Median Earnings
$865
Median Rent
$246,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied commercial buildings with multiple tenants, monument signage, and C-1 Community Commercial zoning.
Where is this storefront property located?
The property is located at 1470 Bosque Farms Blvd Bosque Farms, NM.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two fully occupied commercial buildings at 1450 & 1470 Bosque Farms Blvd; 7,090‑square‑foot property on approximately 0.73 acres; C‑1 Community Commercial zoning
