Listing Agency: King Capital Commercial Real Estate

Listed By: Jeremy Nelson · License #45408 Show Phone

Source: Carnm.resimplifi

Added: Jul 21, 2025 Changed: Oct 15 Last Checked: Oct 14 at 7:46PM

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$47,436

Cap Rate

7.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$948,720 $948.7K

Cap Rate 7%

$677,657 $677.7K

Cap Rate 9%

$527,067 $527.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$73.3K $22.20/SF

− Vacancy

−$5.5K −$1.67/SF

EGI

$67.8K $20.54/SF

− OpEx

−$20.3K −$6.16/SF

NOI

$47.4K $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 Rate 5%

$948,720

Cap Rate 7%

$677,657

Cap Rate 9%

$527,067

Alternative Uses

Best Use

Specialty Retail

$797.7K

$698.0K – $930.6K (±1% cap)

NOI $55,836 @ 7.0% cap · market cap 9.38%

Second Best

Retail

$677.7K

$593.0K – $790.6K (±1% cap)

NOI $47,436 @ 7.0% cap · market cap 7.97%

Theoretical Best

Office A

$798.3K

$698.6K – $931.4K (±1% cap)

NOI $55,884 @ 7.0% cap · market cap 9.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

PNC Mortgage Loan Service PNC ATM Atm PNC Bank Bank

Suggested Use

Top Pick Dental Office Parking Lot & Garage Catering Service (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7.8% 2019

8.4% 2020

7.9% 2021

4.8% 2022

4.2% 2023

5.7% 2024

5.5% 2025

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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 $595,000.

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