Historic Retail Building in Old
2104 Charlevoix St. NW Albuquerque, NM 87104
2104 Charlevoix St. NW, Albuquerque, NM, 87104
$1,000,000
For Sale
$1,000,000
Charming 2,481 SF retail building in vibrant Old Town Albuquerque.
Property Size2,481 SF
Price / SF$403.06
Days on Market242
Property Features for 2104 Charlevoix St. NW
General Information
- Standard status
- Active
- Size
- 2,481 SF
- Property subtype
- Retail
Listing Agency
(505) 269-9358
Listed by
Walt Arnold, CCIM, SIOR · License #NM #9117
(505) 269-9358
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:54 am Checked: Jul 19 at 4:12 am
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 Walt Arnold, CCIM, SIOR
Investment Insights
Based on property information with market context.
This historic 2,481 SF building, located at 2104 Charlevoix St. NW, Albuquerque, NM 87104, presents a retail investment opportunity. Zoned MX-T, it offers a unique canvas for retail or street retail investors, featuring a functional layout. Situated in Old Town Albuquerque, an area known for tourism, the property benefits from its proximity to amenities. It has great access to I-40 via Rio Grande Blvd and is near the Bio Park, Albuquerque Zoo, museums, and close to Downtown. The property is located in Tract 208-A, Map 38, M.R.G.C.D., Bernalillo County, New Mexico. This location holds tremendous potential for a successful retail venture in the vibrant Albuquerque area.
Key Highlights
- Prime location in Old Town Albuquerque, a high‑tourism area.
- MX‑T zoning allows for diverse retail or street retail ventures.
- Functional 2,481 SF building layout.
Local Financial Insights For 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 | $55.1k | $22.20 |
| − Vacancy | −$4.1k | −$1.67 |
| EGI | $50.9k | $20.54 |
| − OpEx | −$15.3k | −$6.16 |
| NOI | $35.7k | $14.37 |
2,481 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$509.5K
$445.8K – $594.4K
NOI $35,663 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.2K
$525.2K – $700.2K
NOI $42,014 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- The Turquoise Tree Flower Shop — 303 Romero St NW suite 123, Albuquerque, NM 87104
- Enchanted Garden — 105 Romero St NW, Albuquerque, NM 87104
- Jennifer Thompson Designs — 1301 7th st nw, albuquerque, nm 87102
- Estella Flowers and Gift Shop — 1909 Bellamah Ave NW, Albuquerque, NM 87104
FAQs
What type of property is this?
Storefront property - Charming 2,481 SF retail building in vibrant Old Town Albuquerque.
Where is this storefront property located?
The property is located at 2104 Charlevoix St. NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location in Old Town Albuquerque, a high‑tourism area.; MX‑T zoning allows for diverse retail or street retail ventures.; Functional 2,481 SF building layout.
