Bank Building with
For Sale
$675,000
3500 Candelaria Rd NE, Albuquerque, NM 87107
Former banking facility with multi-lane drive-through infrastructure, on-site parking, monument signage, and direct access from Candelaria Road.
Property Size3,300 SF
Price / SF$204.55
Days on Market407
Property Features for 3500 Candelaria Rd NE
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Zoning
MX-H
Site & Location
Drive-Thru
Yes
Road Access
Yes
Amenities
Large Monument Signage
Excellent Visibility
Drive-Thru
Listing Agency:
King Capital Commercial Real Estate
(505) 292-9607
Listed By:
Jeremy Nelson · License #45408
(505) 292-9607
Source:
Carnm.resimplifi
Added: Jul 21, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:32PM
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 3,300-square-foot former bank includes existing multi-lane drive-through infrastructure, on-site parking, and a large monument sign positioned toward the street. The property retains bank-related infrastructure and is identified as being replatted. MX-H zoning is also noted.
Located at 3500 Candelaria Rd NE, the site provides full-turn access from Candelaria Road, supporting straightforward vehicle circulation for customers, staff, and deliveries. Its position along a trafficked arterial provides direct street exposure, while the drive-through configuration and parking lot support vehicle-oriented operations.
Located at 3500 Candelaria Rd NE, the site provides full-turn access from Candelaria Road, supporting straightforward vehicle circulation for customers, staff, and deliveries. Its position along a trafficked arterial provides direct street exposure, while the drive-through configuration and parking lot support vehicle-oriented operations.
Key Highlights
- 3,300‑square‑foot former bank building with existing bank infrastructure
- Existing multi‑lane drive‑through lanes
- Full‑turn access from Candelaria Road
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
$55,836
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
8.27%
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%
$1,116,720
$1.1M
Cap Rate 7%
$797,657
$797.7K
Cap Rate 9%
$620,400
$620.4K
Market Conditions
NOI Build-Up for 3,300 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
$79.2K $24.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$74.4K $22.56/SF
− OpEx
−$18.6K −$5.64/SF
NOI
$55.8K $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 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%
$1,116,720
Cap Rate 7%
$797,657
Cap Rate 9%
$620,400
Alternative Uses
Best Use
Specialty Retail
$797.7K
$698.0K – $930.6K
NOI $55,836 @ 7.0% cap · market cap 8.27%
Second Best
Retail
$677.7K
$593.0K – $790.6K
NOI $47,436 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$798.3K
$698.6K – $931.4K
NOI $55,884 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
360k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Dining 26%
Shops & Services 12%
Apparel 9%
Walmart
Superstores
162,634 visits/mo
0.3 miles
McDonald's
Dining
36,907 visits/mo
0.2 miles
Savers Thrift Store
Apparel
30,395 visits/mo
0.5 miles
Whataburger
Dining
26,887 visits/mo
0.3 miles
World Market
Home Improvements & Furnishings
25,246 visits/mo
0.4 miles
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with multi-lane drive-through infrastructure, on-site parking, monument signage, and direct access from Candelaria Road.
Where is this bank located?
The property is located at 3500 Candelaria Rd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,300‑square‑foot former bank building with existing bank infrastructure; Existing multi‑lane drive‑through lanes; Full‑turn access from Candelaria Road
