Mixed-Use Commercial
524 MONTANO RD NW, Albuquerque, NM 87107
For Sale
Contact for pricing
Existing commercial property classified for mixed-use purposes.
Property Size3,429 SF
Price / SF$218.72
Days on Market100
Property Features for 524 MONTANO RD NW
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Building Details
Year Built
Units
Tenancy
Listing Agency:
New Vision Real Estate Group LLC
Listed By:
Ken Romero · License NM REC-2022-1146
(505) 610-5616
Source:
Crexi
Added: Aug 3
Changed: Oct 26
Last Checked: Nov 10 at 8:43AM
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 New Vision Real Estate Group LLC
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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 mixed-use commercial property contains 3,429 square feet of building area. Constructed in 1963, the asset is located at 524 Montano Rd NW in Albuquerque, New Mexico, providing an established commercial property for consideration.
Key Highlights
- 3,429 SF building area
- Constructed in 1963
- 524 Montano Rd NW, Albuquerque, NM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,290
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,800
$985.8K
Cap Rate 7%
$704,143
$704.1K
Cap Rate 9%
$547,667
$547.7K
Market Conditions
NOI Build-Up for 3,429 SF
Gross rent
$76.1K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$70.4K $20.54/SF
− OpEx
−$21.1K −$6.16/SF
NOI
$49.3K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,800
Cap Rate 7%
$704,143
Cap Rate 9%
$547,667
Alternative Uses
Best Use
Retail
$704.1K
$616.1K – $821.5K
NOI $49,290 @ 7.0% cap · market cap 6.57%
Second Best
Mixed Use
$595.2K
$520.8K – $694.4K
NOI $41,662 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$829.5K
$725.9K – $967.8K
NOI $58,068 @ 7.0% cap · market cap 7.74%
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
736
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Groceries 17%
McDonald's
Dining
23,121 visits/mo
0.1 miles
Food King
Groceries
19,887 visits/mo
0.5 miles
Taco Bell
Dining
12,065 visits/mo
0.4 miles
Phillips 66
Shops & Services
10,306 visits/mo
0.1 miles
Phillips 66
Shops & Services
9,673 visits/mo
0.5 miles
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
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 Mixed-use properties in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial property classified for mixed-use purposes.
Where is this mixed-use property located?
The property is located at 524 MONTANO RD NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,429 SF building area; Constructed in 1963; 524 Montano Rd NW, Albuquerque, NM
