Iconic Restaurant in Nob
4500 Central Ave SE, Albuquerque, NM 87108
For Sale
$1,100,000
Well-established restaurant on Central Ave in Albuquerque, New Mexico.
Property Size3,862 SF
Price / SF$284.83
Days on Market257
Property Features for 4500 Central Ave SE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
29 Parking Spaces
Listing Agency:
Absolute Investment Realty
Listed By:
Alfredo Barrenechea · License NM #19300
(505) 401-0135
Source:
Carnm.resimplifi
Added: Feb 27
Changed: Oct 26
Last Checked: Nov 10 at 5:14AM
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 Absolute Investment Realty
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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 iconic restaurant is located on Central Ave in Albuquerque, New Mexico, specifically in the Nob Hill area, east of Washington Street and west of San Mateo. The property benefits from excellent visibility, strong traffic counts, and easy access. The classic diner-style building is a turnkey restaurant that has been featured in TV shows and movies. The business has operated at this location for over 35 years and is a well-established destination known by locals and visitors. The property size is 3,862 square feet. This location is suitable for conventional restaurants, storefront properties, retail properties, and other commercial real estate ventures. The restaurant presents a turnkey opportunity for an owner-operator or investor.
Key Highlights
- Iconic, turn‑key Nob Hill restaurant location.
- Excellent visibility and strong traffic counts on Central Ave.
- Well‑established business with 35+ years of operation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,345
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,900
$1.3M
Cap Rate 7%
$933,500
$933.5K
Cap Rate 9%
$726,056
$726.1K
Market Conditions
NOI Build-Up for 3,862 SF
Gross rent
$92.7K $24.00/SF
− Vacancy
−$5.6K −$1.44/SF
EGI
$87.1K $22.56/SF
− OpEx
−$21.8K −$5.64/SF
NOI
$65.3K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,900
Cap Rate 7%
$933,500
Cap Rate 9%
$726,056
Alternative Uses
Best Use
Specialty Retail
$933.5K
$816.8K – $1.09M
NOI $65,345 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.3K
$817.5K – $1.09M
NOI $65,401 @ 7.0% cap · market cap 5.95%
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
1,551
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 44%
Electronics 8%
Dion's Pizza
Dining
15,979 visits/mo
0.1 miles
Circle K
Shops & Services
11,307 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
8,411 visits/mo
0.4 miles
El Taco Tote
Dining
6,966 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
5,531 visits/mo
0.2 miles
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-established restaurant on Central Ave in Albuquerque, New Mexico.
Where is this conventional restaurant located?
The property is located at 4500 Central Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Iconic, turn‑key Nob Hill restaurant location.; Excellent visibility and strong traffic counts on Central Ave.; Well‑established business with 35+ years of operation.
