Restaurant Building with Two
For Sale
Contact for pricing
316-320 Central Ave SE, Albuquerque, NM 87102
Former Range Caf202 on Central offers two bars and three dining areas for breakfast, lunch, and dinner service.
Property Size10,613 SF
Price / SF$0.00
Days on Market272
Property Features for 316-320 Central Ave SE
General Information
Standard status
Active
Size
10,613 SF
Property subtype
Retail
Zoning
MX-L
Amenities
Vacant
Listing Agency:
King Capital Commercial Real Estate
Listed By:
David Fite · License #39271AB
(505) 292-9607
Source:
Carnm.resimplifi
Added: Jan 23
Changed: Oct 19
Last Checked: Oct 20 at 5:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant building is the former Range Caf202 on Central in Albuquerque, offered for sale as a turnkey food service facility. The property includes two bars and three separate dining areas, supporting flexible layouts for guest seating and service flow.
The asset is located at 316–320 Central Ave SE in Albuquerque, NM. The existing configuration is well suited to operations planning to serve breakfast, lunch, and dinner from the same location.
If you’re looking for a restaurant space designed around multiple dining areas and bar service, this facility’s current improvements provide a straightforward starting point for a new concept or continued restaurant use.
The asset is located at 316–320 Central Ave SE in Albuquerque, NM. The existing configuration is well suited to operations planning to serve breakfast, lunch, and dinner from the same location.
If you’re looking for a restaurant space designed around multiple dining areas and bar service, this facility’s current improvements provide a straightforward starting point for a new concept or continued restaurant use.
Key Highlights
- Former Range Caf3 on Central in Albuquerque
- Features 2 bars
- Offers 3 dining areas for guest service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,572
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,591,440
$3.6M
Cap Rate 7%
$2,565,314
$2.6M
Cap Rate 9%
$1,995,244
$2.0M
Market Conditions
NOI Build-Up for 10,613 SF
Gross rent
$254.7K $24.00/SF
− Vacancy
−$15.3K −$1.44/SF
EGI
$239.4K $22.56/SF
− OpEx
−$59.9K −$5.64/SF
NOI
$179.6K $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 Rate 5%
$3,591,440
Cap Rate 7%
$2,565,314
Cap Rate 9%
$1,995,244
Alternative Uses
Best Use
Specialty Retail
$2.57M
$2.24M – $2.99M
NOI $179,572 @ 7.0% cap · market cap 1,122,325.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,725 @ 7.0% cap · market cap 1,123,281.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,809
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 66%
Dining 32%
Shops & Services 2%
DoubleTree by Hilton Hotel
Hotels & Casinos
6,737 visits/mo
0.3 miles
Sushi Hana
Dining
5,747 visits/mo
0.1 miles
Hilton Garden Inn
Hotels & Casinos
5,166 visits/mo
0.4 miles
Hotel Andaluz Albuquerque, Curio Collection by Hilton
Hotels & Casinos
4,921 visits/mo
0.2 miles
Pizza Hut
Dining
2,281 visits/mo
0.5 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former Range Caf202 on Central offers two bars and three dining areas for breakfast, lunch, and dinner service.
Where is this conventional restaurant located?
The property is located at 316-320 Central Ave SE Albuquerque, NM.
What are key features of this property?
This property features: Former Range Caf3 on Central in Albuquerque; Features 2 bars; Offers 3 dining areas for guest service
