Auto Shop with Heated
For Sale
$630,000
2225 4TH Street NW, Albuquerque, NM 87102
COMMERCIAL - Albuquerque, NM
Property Size3,025 SF
Lot Size0.24 Acres
Price / SF$208.26
Days on Market395
Property Features for 2225 4TH Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-M*
Parking
11
Parking features
Guest
Fencing
Fenced
Directions
From I-40 Fwy Exit 4th St . Property is located on the North side of I-40 Fwy. Right at the corner of 4th ST and Cutler Ave NW
Subdivision
101 - Near North Valley
Standard status
Active
APN
101405928321132517
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
4323
Amenities
heated garage
insulated doors
reception room
coffee/break room
storage rooms
living quarters
Building Details
Floors in Building
2
Building materials
Frame, Stucco
Listing Agency:
Re/Max Exclusive · RE/MAX International
(505) 833-1400
Listed By:
Morales Team ABQ · License #44774
(505) 859-1061
Added: Jul 25, 2025
Changed: Aug 19
Last Checked: Aug 23 at 1:06AM
MLS# 1088640
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story auto shop and office property combines workspace, reception and living areas within approximately 3,025 square feet, including the garage. The first floor includes a 34' x 28' heated garage with insulated doors, two large living areas, a bedroom, coffee or break room, 2 1/2 bathrooms, and seven small storage rooms. The second floor adds two large rooms, one 3/4 bathroom, and one 1/2 bathroom. The building is currently used as a window tint shop with living quarters, supporting a live-work configuration.
The property sits on a 0.24-acre fenced lot near I-40 and 4th St NW in Albuquerque. Construction includes frame and stucco materials, with guest parking provided. Its existing shop, office, storage, and residential-style areas offer a varied commercial layout for an automotive-oriented operation.
The property sits on a 0.24-acre fenced lot near I-40 and 4th St NW in Albuquerque. Construction includes frame and stucco materials, with guest parking provided. Its existing shop, office, storage, and residential-style areas offer a varied commercial layout for an automotive-oriented operation.
Key Highlights
- Approximately 3,025 square feet, including garage space
- 34' x 28' heated garage with insulated doors
- Seven small storage rooms on the first floor
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
$43,483
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
6.90%
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%
$869,660
$869.7K
Cap Rate 7%
$621,186
$621.2K
Cap Rate 9%
$483,144
$483.1K
Market Conditions
NOI Build-Up for 3,025 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
$67.2K $22.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$62.1K $20.54/SF
− OpEx
−$18.6K −$6.16/SF
NOI
$43.5K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /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%
$869,660
Cap Rate 7%
$621,186
Cap Rate 9%
$483,144
Alternative Uses
Best Use
Retail
$621.2K
$543.5K – $724.7K
NOI $43,483 @ 7.0% cap · market cap 6.90%
Second Best
Office B
$574.1K
$502.3K – $669.7K
NOI $40,184 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$731.8K
$640.3K – $853.8K
NOI $51,227 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jeff's Mobile Mechanic Service — 1124 Los Tomases Dr NW, Albuquerque, NM 87102
- Independent Vehicle Service Inc — 312 Kinley Ave NW, Albuquerque, NM 87102
- Mo-Ma Manufacturing, LLC — 1321 2nd St NW, Albuquerque, NM 87102
- Albuquerque Drive Shaft — 417 Summer Ave NW, Albuquerque, NM 87102
- DESA Auto Repair — 1205 2nd St NW, Albuquerque, NM 87102
Frequently Asked Questions
What type of property is this?
Auto shop - Two-story office and shop property with live-work potential, multiple rooms, storage areas, and enclosed parking access.
Where is this auto shop located?
The property is located at 2225 4TH Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Approximately 3,025 square feet, including garage space; 34' x 28' heated garage with insulated doors; Seven small storage rooms on the first floor
