Mixed-Use Property with Central Avenue
5701 Central Avenue NE, Albuquerque, NM 87108
For Sale
$384,500
Commercial Sale, Albuquerque, NM
Property Size1,667 SF
Lot Size0.17 Acres
Price / SF$230.65
Days on Market61
Property Features for 5701 Central Avenue NE
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
3 phase power
additional street parking
Building Details
Floors in Building
Buildings
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Jeffrey Rose · License NM #18774
(505) 205-4175
Added: Sep 11
Changed: Nov 9
Last Checked: Nov 10 at 5:06PM
MLS# 1110949
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property in Albuquerque contains a 1,667-square-foot building with two entrances, including one on Central Avenue and another at the rear. The site has three-phase power and more than 10 parking spaces, with additional street parking also available. Zoning is listed as ABQ City.
Located at 5701 Central Avenue NE, the property sits on a commercial corridor. The Central Avenue entrance provides direct access from the street.
Located at 5701 Central Avenue NE, the property sits on a commercial corridor. The Central Avenue entrance provides direct access from the street.
Key Highlights
- 1,667‑square‑foot building
- More than 10 on‑site parking spaces, plus additional street parking
- Two entrances: one on Central Avenue and one at the rear
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
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
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 - The building has dual entrances, three-phase power, and on-site parking.
Where is this mixed-use property located?
The property is located at 5701 Central Avenue NE 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; More than 10 on‑site parking spaces, plus additional street parking; Two entrances: one on Central Avenue and one at the rear
