Restaurant Building with Two
316-320 Central Ave SE Albuquerque, NM 87102
316-320 Central Ave SE, Albuquerque, NM, 87102
Contact for pricing
For Sale
Contact for pricing
Former Range Caf202 on Central offers two bars and three dining areas for breakfast, lunch, and dinner service.
Property Size10,613 SF
Price / SF$226.04
Days on Market180
Property Features for 316-320 Central Ave SE
General Information
- Standard status
- Active
- Size
- 10,613 SF
- Property subtype
- Office, Retail
Listing agency
King Capital Commercial Real Estate
(505) 292-9607
Listed by
David Fite · License #NM 39271AB
Source
Crexi
Added: Jan 23 Updated: Jul 22 at 3:16AM Checked: Jul 22 at 3:16AM
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 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
Local Financial Insights For Specialty 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 | $254.7k | $24.00 |
| − Vacancy | −$15.3k | −$1.44 |
| EGI | $239.4k | $22.56 |
| − OpEx | −$59.9k | −$5.64 |
| NOI | $179.6k | $16.92 |
10,613 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.57M
$2.24M – $2.99M
NOI $179,572 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,725 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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 is the asking price?
The asking price for this property is $2,399,000.
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
