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 Market293
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
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: Sep 8
Last Checked: Sep 13 at 3:57AM
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
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 = 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
$31,593
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
3.72%
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%
$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
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
$45.3K $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 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%
$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.
Property Analytics
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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
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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.
