Old Town Albuquerque Retail
419 San Felipe St. NW Albuquerque, NM 87104
419 San Felipe St. NW, Albuquerque, NM, 87104
$1,140,000
For Sale
$1,140,000
Retail investment opportunity in Albuquerque's historic Old Town.
Property Size2,850 SF
Price / SF$400
Days on Market242
Property Features for 419 San Felipe St. NW
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- Retail
Listing Agency
(505) 269-9358
Listed by
Walt Arnold, CCIM, SIOR · License #NM #9117
(505) 269-9358
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:56 am Checked: Jul 19 at 3:37 am
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 Walt Arnold, CCIM, SIOR
Investment Insights
Based on property information with market context.
Located at 419 San Felipe St. NW, Albuquerque, NM, 87104, this 2,850 SF building presents an exceptional retail investment opportunity. The property is zoned MX-T and situated in a strategic location in Old Town, characterized by high foot traffic. This makes it an ideal choice for retail or street retail investors. The area offers convenient access to the Old Town Plaza, which features specialty shops, galleries, and cultural attractions. The property's location benefits from a strong pedestrian presence and community events, as well as proximity to local boutiques and restaurants. The building has a functional layout and the MX-T zoning presents a promising prospect for a lucrative retail venture. The property represents an enticing prospect for investors seeking to become part of the area's lively retail scene.
Key Highlights
- High foot traffic location in Old Town
- Strategic location in Old Town
- MX‑T zoning allows for flexible use
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.3k | $22.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $58.5k | $20.54 |
| − OpEx | −$17.6k | −$6.16 |
| NOI | $41.0k | $14.37 |
2,850 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$585.2K
$512.1K – $682.8K
NOI $40,967 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nemat Galleries
Art Gallery
Four Corner Pottery ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- The Turquoise Tree Flower Shop — 303 Romero St NW suite 123, Albuquerque, NM 87104
- Enchanted Garden — 105 Romero St NW, Albuquerque, NM 87104
- Jennifer Thompson Designs — 1301 7th st nw, albuquerque, nm 87102
- Estella Flowers and Gift Shop — 1909 Bellamah Ave NW, Albuquerque, NM 87104
FAQs
What type of property is this?
Storefront property - Retail investment opportunity in Albuquerque's historic Old Town.
Where is this storefront property located?
The property is located at 419 San Felipe St. NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: High foot traffic location in Old Town; Strategic location in Old Town; MX‑T zoning allows for flexible use
