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    Downtown Albuquerque Commercial Space For Rent Title is generated by Realmo AI

    313 Gold Avenue SW, Albuquerque, NM 87102

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    Claim this Listing
    For Lease
    $63,990

    COMMERCIAL - Albuquerque, NM

    Lot size:
    0.08 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    24
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 313 Gold Avenue SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street
    Security features
    Security
    Standard status
    Active
    APN
    101405718040023304
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4110

    Utilities

    Heating system
    Central
    Cooling system
    Multi Units

    Building Details

    Floors in Building
    1
    Building materials
    Frame

    We can help!

    Listing Contact
    Faithe Real Estate Group

    Listing agent Faithe Real Estate Group

    Listing office Keller Williams Realty 6703 Academy Road NE, ALBUQUERQUE, NM

    Listing date Apr 28, 2026

    MLS# 1102611

    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.

    HighLights

    • Fully rebuilt (2020‑2023) under commercial permits with all new systems: TPO roof, electrical, HVAC, and plumbing.
    • Prime location in the heart of Downtown's entertainment corridor.
    • 240V/3‑phase power in manufacturing rooms.
    • Includes a full 30‑ft bar and 4 ADA bathrooms.
    • Rear roll‑up delivery door for convenient access.
    • Large Gold Ave facade signage for high visibility.

    Overview

    This commercial space, located in the heart of Downtown Albuquerque's entertainment corridor, is available for rent. The property was fully rebuilt between 2020 and 2023 under commercial permits, with comprehensive updates including a TPO roof, complete electrical system with transformer and wiring, three commercial HVAC combo units, and dedicated plumbing systems featuring instant-on water heaters. It includes 240V/3-phase power in manufacturing rooms, a 30-foot bar, four ADA bathrooms, a rear roll-up delivery door, and prominent Gold Avenue facade signage. The property has a lot size of 0.08 acres. Multi-year NNN leases are preferred. The asking price is $18 per square foot NNN. The property is available now. Cannabis use is not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Burt's Tiki Lounge Nightclub Echoes Bar & Pub

    Suggested Use

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

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

    Similar Places Nearby

    • Erkos Same Day Albuquerque Flower Delivery — 214 Copper Ave NW, Albuquerque, NM 87102, United States
    • Roses Delivery from Matt J. — 114 2nd st sw, albuquerque, nm 87102
    • Ives Flower Shop — 908 4th St SW, Albuquerque, NM 87102
    • Flowers By Zach-Low — 414 2nd St SW, Albuquerque, NM 87102
    • Ives Flowers & Gifts — 143, albuquerque, nm 87103

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.651192
    Latitude
    35.083733

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    FAQs

    What type of property is this?
    Storefront property - Fully rebuilt commercial space in Downtown Albuquerque's entertainment corridor.
    Where is this storefront property located?
    The property is located at 313 Gold Avenue SW Albuquerque, NM.
    What is the lease rate?
    The lease rate is $63,990.
    What are key features of this property?
    This property features: Fully rebuilt (2020‑2023) under commercial permits with all new systems: TPO roof, electrical, HVAC, and plumbing.; Prime location in the heart of Downtown's entertainment corridor.; 240V/3‑phase power in manufacturing rooms.
    (505) 401-0721
    We can help!
    Listing Contact
    Faithe Real Estate Group
    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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