Established Restaurant Building For
For Sale
$850,000
4703 Central Ave NW, Albuquerque, NM 87105
Restaurant building with indoor and outdoor seating available for sale.
Property Size2,796 SF
Price / SF$304.01
Days on Market339
Property Features for 4703 Central Ave NW
General Information
Standard status
Active
Size
2,796 SF
Total Parking Spaces
30
Property subtype
Retail
Zoning
MX-M
Site & Location
Neighborhood
Vdb
Amenities
30 Parking Spaces
Building Details
Year Built
2002
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Ed Anlian · License #14869
(505) 831-3333
Source:
Carnm.resimplifi
Added: Nov 25, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:41AM
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 Johnson Commercial Real Estate
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Investment Insights
Based on property information with market context.
This restaurant building, constructed in 2002, has been family-owned and operated for over 35 years. The building is in very good condition and includes 100 indoor seats and an outdoor patio with seating for 20. Signage is available on Central Ave NW. The restaurant is located less than one block from an Albuquerque Rapid Transit (A.R.T) bus stop. The sale does not include the restaurant name. The property size is 2,796 square feet and is suitable for restaurant or retail use.
Key Highlights
- Established Restaurant: Benefit from over 35 years of brand equity.
- High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.
- Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,593
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,860
$631.9K
Cap Rate 7%
$451,329
$451.3K
Cap Rate 9%
$351,033
$351.0K
Market Conditions
NOI Build-Up for 2,796 SF
Gross rent
$45.3K $16.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$42.1K $15.07/SF
− OpEx
−$10.5K −$3.77/SF
NOI
$31.6K $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%
$631,860
Cap Rate 7%
$451,329
Cap Rate 9%
$351,033
Alternative Uses
Best Use
Specialty Retail
$451.3K
$394.9K – $526.6K
NOI $31,593 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$383.8K
$335.8K – $447.7K
NOI $26,863 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$610.1K
$533.8K – $711.8K
NOI $42,705 @ 7.0% cap · market cap 5.02%
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
411
Businesses Nearby
308k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 28%
Shops & Services 24%
Apparel 21%
Dining 19%
El Super
Groceries
85,977 visits/mo
0.3 miles
Five Below
Shops & Services
36,245 visits/mo
0.2 miles
Burlington
Apparel
32,259 visits/mo
0.3 miles
Ross Dress for Less
Apparel
32,027 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,503 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
Similar Off Market Nearby
- A Little Taste of Aloha — 5905 berquist pl nw, albuquerque, nm 87105
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant building with indoor and outdoor seating available for sale.
Where is this restaurant located?
The property is located at 4703 Central Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Established Restaurant: Benefit from over 35 years of brand equity.; High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.; Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
