Harbor Freight Investment
4410 Central Avenue Southwest, Albuquerque, NM 87105
For Sale
Contact for pricing
Nationally credited tenant with long-term lease in high-traffic retail location.
Property Size16,376 SF
Price / SF$174.71
Days on Market230
Property Features for 4410 Central Avenue Southwest
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License FL BK3369953
(954) 385-0000
Source:
Crexi
Added: Mar 26
Changed: Nov 6
Last Checked: Nov 10 at 8:42AM
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 Sands Investment Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Harbor Freight Tools, headquartered in Calabasas, California, is a leading national retailer specializing in affordable, high-quality tools and equipment. Founded in 1977, the company has expanded to over 1,300 stores across 48 states, serving millions of customers. Offering a wide range of products, including hand tools, power tools, automotive equipment, and more, Harbor Freight is known for providing substantial cost savings—often up to 80% lower than competitors—while maintaining reliable quality. Their customer base includes contractors, industrial users, and DIY enthusiasts. With reported annual revenues exceeding $7 billion, Harbor Freight has established itself as a financially strong and stable company. They have built a reputation for value and customer satisfaction, offering a lifetime warranty on hand tools and consistently updating their product lines to meet demand. For commercial real estate investors, Harbor Freight is a highly desirable tenant. The company typically signs long-term leases in high-traffic retail locations, generating consistent foot traffic and attracting complementary businesses. Harbor Freight’s financial stability and continued growth make them a low-risk, nationally credited tenant, ensuring reliable rental income for property owners. Their significant national footprint and successful business model enhance the long-term value of any commercial property investment. The property size is 16376 square feet.
Key Highlights
- Nationally credited tenant with over 1,300 stores and a significant national footprint.
- Financially strong and stable company with annual revenues exceeding $7 billion.
- Long‑term leases in high‑traffic retail locations, ensuring reliable rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,332
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,146,640
$3.1M
Cap Rate 7%
$2,247,600
$2.2M
Cap Rate 9%
$1,748,133
$1.7M
Market Conditions
NOI Build-Up for 16,376 SF
Gross rent
$245.6K $15.00/SF
− Vacancy
−$20.9K −$1.28/SF
EGI
$224.8K $13.73/SF
− OpEx
−$67.4K −$4.12/SF
NOI
$157.3K $9.61/SF
Area
ZIP 87105
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,146,640
Cap Rate 7%
$2,247,600
Cap Rate 9%
$1,748,133
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,332 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,120 @ 7.0% cap · market cap 8.74%
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
389
Businesses Nearby
301k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 29%
Shops & Services 25%
Apparel 21%
Dining 17%
El Super
Groceries
85,977 visits/mo
0.2 miles
Five Below
Shops & Services
36,245 visits/mo
0.1 miles
Burlington
Apparel
32,259 visits/mo
0.2 miles
Ross Dress for Less
Apparel
32,027 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,503 visits/mo
0.2 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
$200,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Albuquerque, NM
Properties on Market for Retail space in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Retail space - Nationally credited tenant with long-term lease in high-traffic retail location.
Where is this retail space located?
The property is located at 4410 Central Avenue Southwest Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,861,000.
What are key features of this property?
This property features: Nationally credited tenant with over 1,300 stores and a significant national footprint.; Financially strong and stable company with annual revenues exceeding $7 billion.; Long‑term leases in high‑traffic retail locations, ensuring reliable rental income.
