NNN Property with Retail
For Sale
$1,854,030
4200 4th St NW, Albuquerque, NM 87107
Retail asset with recent capital improvements, full site access, and frontage along 4th St.
Property Size12,209 SF
Price / SF$151.86
Days on Market139
Property Features for 4200 4th St NW
General Information
Standard status
Active
Size
12,209 SF
Property subtype
Investment
Listing Agency:
King Capital Commercial Real Estate
(505) 292-9607
Listed By:
Clayton King · License #20557
(505) 292-9607
Source:
Carnm.resimplifi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 10:36AM
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 NNN property is a 12,209-square-foot retail asset at 4200 4th St NW in Albuquerque. Capital improvements completed in 2023 included replacement of the HVAC units and installation of a new roof, providing updated core building systems.
The property sits in the established North Valley trade area along 4th St, within a high-traffic corridor and with prominent frontage and visibility. Full access into the site supports convenient entry and circulation. Lease restructuring to an NNN format is identified as a potential future strategy; current lease terms are not provided.
The property sits in the established North Valley trade area along 4th St, within a high-traffic corridor and with prominent frontage and visibility. Full access into the site supports convenient entry and circulation. Lease restructuring to an NNN format is identified as a potential future strategy; current lease terms are not provided.
Key Highlights
- 12,209‑square‑foot retail property at 4200 4th St NW, Albuquerque, NM 87107
- Capital improvements completed in 2023
- All HVAC units replaced
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
$73,455
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
3.96%
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%
$1,469,100
$1.5M
Cap Rate 7%
$1,049,357
$1.0M
Cap Rate 9%
$816,167
$816.2K
Market Conditions
NOI Build-Up for 12,209 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
$109.9K $9.00/SF
− Vacancy
−$4.9K −$0.41/SF
EGI
$104.9K $8.59/SF
− OpEx
−$31.5K −$2.58/SF
NOI
$73.5K $6.02/SF
Area
Albuquerque, NM
Vacancy
4.50%
Lease Rate
$9.00 /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%
$1,469,100
Cap Rate 7%
$1,049,357
Cap Rate 9%
$816,167
Alternative Uses
Best Use
Retail
$2.51M
$2.19M – $2.92M
NOI $175,498 @ 7.0% cap · market cap 9.47%
Second Best
Industrial
$1.05M
$918.2K – $1.22M
NOI $73,455 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.95M
$2.58M – $3.45M
NOI $206,752 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 37%
Groceries 25%
Electronics 1%
Food King
Groceries
19,887 visits/mo
0.4 miles
Taco Bell
Dining
12,065 visits/mo
0.4 miles
Wendy's
Dining
11,288 visits/mo
0.5 miles
Speedway
Shops & Services
11,118 visits/mo
0.5 miles
Phillips 66
Shops & Services
9,673 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?
NNN property - Retail asset with recent capital improvements, full site access, and frontage along 4th St.
Where is this nnn property located?
The property is located at 4200 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,854,030.
What are key features of this property?
This property features: 12,209‑square‑foot retail property at 4200 4th St NW, Albuquerque, NM 87107; Capital improvements completed in 2023; All HVAC units replaced
