Hard-Corner Freestanding
For Sale
$350,000
4019 4th St NW, Albuquerque, NM 87107
Flexible retail and office building with showroom space, natural light, on-site parking, and MX-M zoning.
Property Size2,108 SF
Price / SF$166.03
Days on Market117
Property Features for 4019 4th St NW
General Information
Standard status
Active
Size
2,108 SF
Property subtype
Retail
Zoning
MX-M
Site & Location
Corner Location
Yes
Highway Access
Yes
Amenities
large showroom
abundant natural light
kitchen
restroom
storage room
on-site parking
Listing Agency:
NAI SunVista
(505) 290-7413
Listed By:
Genieve Posen · License #NM53880
(505) 290-7413
Source:
Carnm.resimplifi
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 1:33PM
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 NAI SunVista
Investment Insights
Based on property information with market context.
This freestanding storefront property at 4019 4th St NW includes a 2,108-square-foot showroom complemented by a kitchen, restroom, and storage room. Abundant natural light serves the main display area, while a recently replaced roof supports the building’s physical improvements. MX-M zoning is in place, and the layout supports retail, office, and selected service-oriented uses identified for the property, including a coffee shop, studio, salon or barber, fitness, or therapist practice. A live/work configuration is also identified as a potential use.
The property occupies a hard-corner position with access to I-25 and I-40. Parking is available on site, with additional street parking nearby. The combination of showroom scale, support rooms, corner placement, and transportation access provides a practical setting for an owner-user or small commercial operation.
The property occupies a hard-corner position with access to I-25 and I-40. Parking is available on site, with additional street parking nearby. The combination of showroom scale, support rooms, corner placement, and transportation access provides a practical setting for an owner-user or small commercial operation.
Key Highlights
- 2,108‑square‑foot freestanding storefront property
- MX‑M zoning
- Hard‑corner position with access to I‑25 and I‑40
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
$30,301
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
8.66%
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%
$606,020
$606.0K
Cap Rate 7%
$432,871
$432.9K
Cap Rate 9%
$336,678
$336.7K
Market Conditions
NOI Build-Up for 2,108 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
$46.8K $22.20/SF
− Vacancy
−$3.5K −$1.67/SF
EGI
$43.3K $20.54/SF
− OpEx
−$13.0K −$6.16/SF
NOI
$30.3K $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%
$606,020
Cap Rate 7%
$432,871
Cap Rate 9%
$336,678
Alternative Uses
Best Use
Retail
$432.9K
$378.8K – $505.0K
NOI $30,301 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.0K
$446.2K – $595.0K
NOI $35,698 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 36%
Electronics 1%
Wendy's
Dining
11,288 visits/mo
0.3 miles
Speedway
Shops & Services
11,118 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,345 visits/mo
0.5 miles
Blake's LotaBurger
Dining
7,390 visits/mo
0.2 miles
AutoZone
Shops & Services
4,571 visits/mo
0.3 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?
Storefront property - Flexible retail and office building with showroom space, natural light, on-site parking, and MX-M zoning.
Where is this storefront property located?
The property is located at 4019 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,108‑square‑foot freestanding storefront property; MX‑M zoning; Hard‑corner position with access to I‑25 and I‑40
