Freestanding Restaurant
For Sale
$450,000
424 Isleta Boulevard Sw, Albuquerque, NM 87105
The dining area and kitchen are already configured for restaurant use.
Property Size2,820 SF
Price / SF$159.57
Days on Market11
Property Features for 424 Isleta Boulevard Sw
General Information
Standard status
Active
Size
2,820 SF
Zoning
SD-IVC
Site & Location
Neighborhood
Brl
Additional Details
Furnished
No
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$6,358
Amenities
1
true
20
0.53
Public Records
Guest
Asphalt
City Street
2820
Building Details
Building Size
2,820 SF
Buildings
1
Stories
1
Listing Agency:
(505) 405-4957
Listed By:
Hailey Josselyn
Source:
Homeauthority
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:28PM
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 Hailey Josselyn
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property contains 2,820 square feet, with a dining area and kitchen. The site is zoned SD-IVC and is located at 424 Isleta Boulevard SW in Albuquerque’s South Valley.
Decor, furnishings, and commercial-grade kitchen equipment are available for purchase through a separate bill of sale. These items are not included as part of the property itself.
Decor, furnishings, and commercial-grade kitchen equipment are available for purchase through a separate bill of sale. These items are not included as part of the property itself.
Key Highlights
- Freestanding restaurant building with 2,820 square feet
- Dining area and kitchen in place
- SD‑IVC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,865
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining area and kitchen are already configured for restaurant use.
Where is this conventional restaurant located?
The property is located at 424 Isleta Boulevard 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: Freestanding restaurant building with 2,820 square feet; Dining area and kitchen in place; SD‑IVC zoning
