Retail Space with 1,932 Sq
For Sale
$399,900
4008 Carlisle Boulevard Ne, Albuquerque, NM 87110
Retail property offered for sale at 1,932 Sq Ft.
Property Size1,932 SF
Price / SF$206.99
Days on Market111
Property Features for 4008 Carlisle Boulevard Ne
General Information
Standard status
Active
Size
1,932 SF
Taxes and HOA fees
Annual Taxes
$3,604
Listing Agency:
Sentinel Real Estate & Inv.
(505) 263-7334
Listed By:
Michael J Contreras · License #8783QB
(505) 263-7334
Source:
Exprealty
Added: May 7
Changed: Aug 23
Last Checked: Aug 24 at 12:15PM
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 Sentinel Real Estate & Inv.
Investment Insights
Based on property information with market context.
This offering is a retail space with 1,932 square feet of total area, presented for sale under a retail classification. The property is listed as a retail unit and is marketed in the public remarks as a 1,932 Sq Ft retail asset.
The property address is 4008 Carlisle Boulevard Northeast, Albuquerque, NM 87107. For details on layout, condition, and any existing improvements beyond the stated size, interested parties should request additional information from the listing broker.
The property address is 4008 Carlisle Boulevard Northeast, Albuquerque, NM 87107. For details on layout, condition, and any existing improvements beyond the stated size, interested parties should request additional information from the listing broker.
Key Highlights
- Retail property for sale featuring 1,932 Sq Ft
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
$27,772
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
6.94%
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%
$555,440
$555.4K
Cap Rate 7%
$396,743
$396.7K
Cap Rate 9%
$308,578
$308.6K
Market Conditions
NOI Build-Up for 1,932 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
$42.9K $22.20/SF
− Vacancy
−$3.2K −$1.67/SF
EGI
$39.7K $20.54/SF
− OpEx
−$11.9K −$6.16/SF
NOI
$27.8K $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%
$555,440
Cap Rate 7%
$396,743
Cap Rate 9%
$308,578
Alternative Uses
Best Use
Retail
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 6.94%
Second Best
Office B
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$467.4K
$409.0K – $545.3K
NOI $32,717 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale at 1,932 Sq Ft.
Where is this retail space located?
The property is located at 4008 Carlisle Boulevard Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Retail property for sale featuring 1,932 Sq Ft
