Bar and Restaurant with Outdoor
For Sale
$1,600,000
1511 Broadway Boulevard Southeast, Albuquerque, NM 87102
Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.
Property Size6,015 SF
Price / SF$266
Days on Market67
Property Features for 1511 Broadway Boulevard Southeast
General Information
Standard status
Active
Size
6,015 SF
Total Parking Spaces
41
Property subtype
Retail
Listing Agency:
SVN/Walt Arnold Commercial Brokerage Inc
(505) 239-0612
Listed By:
Kyle Kinney · License #NM #52685
(505) 239-0612
Source:
Svn
Added: Jun 2
Changed: Jul 10
Last Checked: Aug 7 at 2:21AM
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.
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.
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.
Key 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
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
$101,774
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
6.36%
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%
$2,035,480
$2.0M
Cap Rate 7%
$1,453,914
$1.5M
Cap Rate 9%
$1,130,822
$1.1M
Market Conditions
NOI Build-Up for 6,015 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
$144.4K $24.00/SF
− Vacancy
−$8.7K −$1.44/SF
EGI
$135.7K $22.56/SF
− OpEx
−$33.9K −$5.64/SF
NOI
$101.8K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,035,480
Cap Rate 7%
$1,453,914
Cap Rate 9%
$1,130,822
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M
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
NOI $101,860 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 28%
Electronics 18%
Hotels & Casinos 7%
Texaco
Shops & Services
9,933 visits/mo
0.1 miles
Mexico Lindo
Dining
4,055 visits/mo
0.2 miles
Church's Chicken
Dining
3,895 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
3,249 visits/mo
0.1 miles
Chevron
Shops & Services
3,015 visits/mo
0.2 miles
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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?
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
