Automotive Shop with Secured
For Sale
$649,500
331 San Pedro Dr NE, Albuquerque, NM 87108
Established automotive business with gated rear vehicle parking.
Property Size2,450 SF
Price / SF$265.10
Days on Market52
Property Features for 331 San Pedro Dr NE
General Information
Standard status
Active
Size
2,450 SF
Additional Details
Business Included
Yes
Fenced Yard
Yes
Amenities
gated locked parking lot
Listing Agency:
Lobo Realty Group
(505) 263-0233
Listed By:
Toby R Atencio · License #18977
Source:
Thesouthwestlife
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 29 at 12:12PM
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 Lobo Realty Group
Investment Insights
Based on property information with market context.
This 2,450-square-foot automotive shop is located at 331 San Pedro Dr NE in Albuquerque. The business has operated for 20 years, providing an established commercial setting for automotive service operations.
A gated, locked parking area behind the property provides dedicated space for vehicles. The site is positioned in Albuquerque’s San Pedro business corridor and the Northeast Heights area, offering a recognized commercial setting for an automotive business.
A gated, locked parking area behind the property provides dedicated space for vehicles. The site is positioned in Albuquerque’s San Pedro business corridor and the Northeast Heights area, offering a recognized commercial setting for an automotive business.
Key Highlights
- 2,450‑square‑foot automotive shop at 331 San Pedro Dr NE
- Gated, locked parking lot behind the property
- Business established for 20 years
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
$35,218
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
5.42%
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%
$704,360
$704.4K
Cap Rate 7%
$503,114
$503.1K
Cap Rate 9%
$391,311
$391.3K
Market Conditions
NOI Build-Up for 2,450 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
$54.4K $22.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$50.3K $20.54/SF
− OpEx
−$15.1K −$6.16/SF
NOI
$35.2K $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%
$704,360
Cap Rate 7%
$503,114
Cap Rate 9%
$391,311
Alternative Uses
Best Use
Retail
$503.1K
$440.2K – $587.0K
NOI $35,218 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$210.6K
$184.3K – $245.7K
NOI $14,740 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$592.7K
$518.6K – $691.5K
NOI $41,489 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
129k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 33%
Dining 24%
Apparel 5%
Smith's
Groceries
42,932 visits/mo
0.4 miles
McDonald's
Dining
28,666 visits/mo
0.3 miles
Smith's Fuel Center
Shops & Services
12,785 visits/mo
0.4 miles
Circle K
Shops & Services
9,204 visits/mo
0.4 miles
Mister Car Wash
Shops & Services
8,439 visits/mo
0.4 miles
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Similar Off Market Nearby
- High Velocity Cycles — 6000 Zuni Rd SE #3048, Albuquerque, NM 87108
- FTC Transmission & Auto Repair — San Pedro Dr SE, Albuquerque, NM 87108
- New Model Auto Body Shop — 6127 Zuni Rd SE, Albuquerque, NM 87108
- Llantera Tu Amigo — 6707 Zuni Rd SE, Albuquerque, NM 87108
- Rick's Towing — 347 California St SE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive business with gated rear vehicle parking.
Where is this auto shop located?
The property is located at 331 San Pedro Dr NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: 2,450‑square‑foot automotive shop at 331 San Pedro Dr NE; Gated, locked parking lot behind the property; Business established for 20 years
