Turnkey Restaurant in Redevelopment
For Sale
Contact for pricing
424 Isleta Blvd SW, Albuquerque, NM 87105
Freestanding restaurant with equipment available in Albuquerque's South Valley.
Property Size2,820 SF
Price / SF$159.57
Days on Market215
Property Features for 424 Isleta Blvd SW
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Retail
Zoning
SD-IVC
Building Details
Year Built
1943
Listing Agency:
Maestas Real Estate Services
(505) 463-3565
Listed By:
Anita Maestas · License #NM 16029
Source:
Crexi
Added: Jan 9
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Maestas Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding restaurant property, located on Isleta Blvd SW in Albuquerque's South Valley, presents an opportunity for ownership. The 2,820 square-foot building features a dining area and a kitchen layout. Situated along a commercial corridor, the property benefits from visibility. The existing decor, furnishings, and commercial-grade kitchen equipment are available for purchase separately, offering the option of a ready-to-operate business. The property is located within the Isleta Boulevard planning area, where the Isleta Boulevard and Village Centers Sector Development Plan aims to guide investment, mixed-use development, and walkable village centers, supporting local businesses. The multi-phase Isleta Boulevard Corridor Project, a public-works investment focused on roadway reconstruction and improvements, has been approved and funded.
Key Highlights
- Turnkey restaurant opportunity with all existing décor, furnishings, and commercial‑grade kitchen equipment available.
- Located on highly traveled Isleta Blvd SW in Albuquerque's South Valley, offering great visibility.
- Strategically located within the Isleta Boulevard planning area, supporting small local businesses and mixed‑use development.
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
$31,865
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
7.08%
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%
$637,300
$637.3K
Cap Rate 7%
$455,214
$455.2K
Cap Rate 9%
$354,056
$354.1K
Market Conditions
NOI Build-Up for 2,820 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
$45.7K $16.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$42.5K $15.07/SF
− OpEx
−$10.6K −$3.77/SF
NOI
$31.9K $11.30/SF
Area
ZIP 87105
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$637,300
Cap Rate 7%
$455,214
Cap Rate 9%
$354,056
Alternative Uses
Best Use
Specialty Retail
$455.2K
$398.3K – $531.1K
NOI $31,865 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.3K
$538.4K – $717.9K
NOI $43,072 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 16%
Electronics 15%
Wells Fargo
Shops & Services
8,015 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
6,810 visits/mo
0.4 miles
Dairy Queen
Dining
3,674 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
3,534 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,197 visits/mo
0.4 miles
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
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?
Conventional restaurant - Freestanding restaurant with equipment available in Albuquerque's South Valley.
Where is this conventional restaurant located?
The property is located at 424 Isleta Blvd SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with all existing décor, furnishings, and commercial‑grade kitchen equipment available.; Located on highly traveled Isleta Blvd SW in Albuquerque's South Valley, offering great visibility.; Strategically located within the Isleta Boulevard planning area, supporting small local businesses and mixed‑use development.
