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    Bar and Restaurant with Outdoor Dining Title is generated by Realmo AI

    1511 Broadway Boulevard Southeast, Albuquerque, NM 87102

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    New
    For Sale
    $1,600,000

    Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.

    Type:Retail
    Property size:
    6,015 SF
    Price / SF:
    $266/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:43 am

    Property Features for 1511 Broadway Boulevard Southeast

    General Information

    Standard status
    Active
    Size
    6,015 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Kyle Kinney
    Kyle Kinney

    Listing agent Kyle Kinney License #NM #52685

    Listing office SVN/Walt Arnold Commercial Brokerage Inc

    Listing date Jun 2, 2026

    Source Svn

    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

    HighLights

    • 6015 SF property with a full kitchen and multiple indoor and outdoor dining areas
    • 4 restrooms for guests
    • Office/storage space plus a stage area for musicians or additional seating
    • 41 on‑site parking spaces for customer convenience

    Overview

    This beautifully appointed bar/restaurant property is built for flexible service and an exceptional guest experience. Inside, it offers a spacious 6015 SF layout with a full kitchen, multiple dining areas, and four restrooms. The configuration also supports an office/storage space and a stage area designed for musicians or additional seating, giving operators room to adapt the concept over time.

    Set in the thriving Albuquerque area, the property includes both indoor and outdoor dining options, which can be valuable for year-round programming. On-site parking is available with 41 spaces, supporting convenient patron access for both casual visits and busier dining periods. The overall footprint is well-suited to a street retail style operation where visibility and walk-in interest matter.

    For buyers and operators, the combination of a functioning kitchen, adaptable dining and stage layout, and dedicated storage/office space makes this site a strong match for a restaurant concept, entertainment-forward bar, or a retail investment focused on food and beverage uses. The ready-to-operate features reduce initial buildout concerns and support a smoother transition to a new management team or brand.

    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 $144.4k $24.00
    − Vacancy −$8.7k −$1.44
    EGI $135.7k $22.56
    − OpEx −$33.9k −$5.64
    NOI $101.8k $16.92
    6,015 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.45M
    $1.27M – $1.70M (±1% cap)
    NOI $101,774 @ 7.0% cap · market cap 6.36%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,860 @ 7.0% cap · market cap 6.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Nexus Blue Smokehouse Restaurant Nexus Cafe Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mc David Lounge — Albuquerque, NM 87106
    • The Minnow — 1413 4th St SW, Albuquerque, NM 87102
    • Ren's Den — 900 4th St SW, Albuquerque, NM 87102

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6459136
    Latitude
    35.0680605

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.
    Where is this bar & pub located?
    The property is located at 1511 Broadway Boulevard Southeast Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 6015 SF property with a full kitchen and multiple indoor and outdoor dining areas; 4 restrooms for guests; Office/storage space plus a stage area for musicians or additional seating
    (505) 239-0612
    We can help!
    Listing Contact
    Kyle Kinney
    Kyle Kinney
    Real Estate License ID: NM #52685
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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