Mixed-Use Property with Three-Phase
For Sale
$384,500
5701 Central Ave, Albuquerque, NM 87108
Two entrances serve a building with access from Central Avenue and the rear.
Property Size1,667 SF
Price / SF$230.65
Days on Market45
Property Features for 5701 Central Ave
General Information
Standard status
Active
Size
1,667 SF
Listing Agency:
EXP Realty LLC
Listed By:
Jeffrey Rose · License #18774
(505) 205-4175
Source:
Findalbuquerqueproperties
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 5 at 6:49PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,667-square-foot building on a 7.579-square-foot lot. The site has mixed-use zoning and three-phase power. Two entrances provide access: one from Central Avenue and another at the rear.
The property is at 5701 Central Ave in Albuquerque. On-site parking accommodates 10+ vehicles, with additional street parking available.
The property is at 5701 Central Ave in Albuquerque. On-site parking accommodates 10+ vehicles, with additional street parking available.
Key Highlights
- 1,667‑square‑foot building on a 7.579‑square‑foot lot
- Mixed‑use zoning
- Three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,962
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,240
$479.2K
Cap Rate 7%
$342,314
$342.3K
Cap Rate 9%
$266,244
$266.2K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$37.0K $22.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$34.2K $20.54/SF
− OpEx
−$10.3K −$6.16/SF
NOI
$24.0K $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%
$479,240
Cap Rate 7%
$342,314
Cap Rate 9%
$266,244
Alternative Uses
Best Use
Retail
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 6.23%
Second Best
Mixed Use
$289.3K
$253.2K – $337.6K
NOI $20,254 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$403.3K
$352.9K – $470.5K
NOI $28,230 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,595
Businesses Nearby
135k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 30%
Electronics 6%
Dion's Pizza
Dining
15,979 visits/mo
0.5 miles
Murphy USA
Shops & Services
15,490 visits/mo
0.4 miles
Wells Fargo
Shops & Services
10,649 visits/mo
0.3 miles
AutoZone
Shops & Services
10,471 visits/mo
0.2 miles
Circle K
Shops & Services
9,204 visits/mo
0.4 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
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two entrances serve a building with access from Central Avenue and the rear.
Where is this mixed-use property located?
The property is located at 5701 Central Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $384,500.
What are key features of this property?
This property features: 1,667‑square‑foot building on a 7.579‑square‑foot lot; Mixed‑use zoning; Three‑phase power
