Turn-Key Restaurant
For Sale
Contact for pricing
1935 Eubank Blvd NE, Albuquerque, NM 87112
Turn-key restaurant offering approximately 3,800 square feet of built-out space for immediate use.
Property Size3,800 SF
Price / SF$210.26
Days on Market180
Property Features for 1935 Eubank Blvd NE
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Retail
Zoning
MX-M- Mixed Use Medium Intensity
Additional Details
Furnished
Yes
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
King Capital Commercial Real Estate
Listed By:
Clayton King · License #NM 20557
(505) 292-9607
Source:
Crexi
Added: Mar 11
Changed: Aug 13
Last Checked: Sep 2 at 4:20AM
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 King Capital Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale restaurant is presented as turn-key, offering a built-out, ready-to-operate setup. The property is listed as approximately 3,800 square feet, suited for a restaurant operator seeking an existing improvement rather than starting from scratch.
The property is located at 1935 Eubank Blvd NE in Albuquerque, New Mexico.
All information provided reflects the listing remarks and size indicated for this restaurant offering.
The property is located at 1935 Eubank Blvd NE in Albuquerque, New Mexico.
All information provided reflects the listing remarks and size indicated for this restaurant offering.
Key Highlights
- Built‑out restaurant space for sale with approximately 3,800 sq ft
- Turn‑key restaurant setup for immediate use
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
$64,296
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
8.05%
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%
$1,285,920
$1.3M
Cap Rate 7%
$918,514
$918.5K
Cap Rate 9%
$714,400
$714.4K
Market Conditions
NOI Build-Up for 3,800 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
$91.2K $24.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$85.7K $22.56/SF
− OpEx
−$21.4K −$5.64/SF
NOI
$64.3K $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%
$1,285,920
Cap Rate 7%
$918,514
Cap Rate 9%
$714,400
Alternative Uses
Best Use
Specialty Retail
$918.5K
$803.7K – $1.07M
NOI $64,296 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$919.3K
$804.4K – $1.07M
NOI $64,351 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 36%
Home Improvements & Furnishings 5%
Mister Car Wash
Shops & Services
15,720 visits/mo
0.4 miles
Wienerschnitzel
Dining
7,282 visits/mo
0.4 miles
KFC
Dining
5,003 visits/mo
0.3 miles
Wells Fargo
Shops & Services
4,207 visits/mo
0.1 miles
Felipe's
Dining
3,532 visits/mo
0.3 miles
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
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?
Conventional restaurant - Turn-key restaurant offering approximately 3,800 square feet of built-out space for immediate use.
Where is this conventional restaurant located?
The property is located at 1935 Eubank Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built‑out restaurant space for sale with approximately 3,800 sq ft; Turn‑key restaurant setup for immediate use
