Mixed-Use Building with Dual
For Sale
$384,500
5701 Central Avenue NE, Albuquerque, NM 87108
CommercialSale, Albuquerque, NM
Property Size1,667 SF
Lot Size0.17 Acres
Price / SF$230.65
Days on Market16
Property Features for 5701 Central Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-M*
Parking
10
Directions
NE Corner of Palomas & Central
Subdivision
70 - Fairgrounds
Standard status
Active
APN
101805711318032501
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2295
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Jeffrey Rose · License #18774
(505) 205-4175
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 26 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,667-square-foot block building with two entrances: one from Central Avenue and another at the rear. The building has natural gas heating and three-phase power, supporting a range of commercial configurations within its mixed-use zoning. On-site parking is provided, with additional street parking available.
The property sits along Central Avenue in Albuquerque’s established commercial corridor, with access to major roadways. Its corner-free access arrangement and combination of building, parking, and utility features provide practical flexibility for owner occupancy or investment use.
The property sits along Central Avenue in Albuquerque’s established commercial corridor, with access to major roadways. Its corner-free access arrangement and combination of building, parking, and utility features provide practical flexibility for owner occupancy or investment use.
Key Highlights
- 1,667 SF block building with mixed‑use zoning
- Two entrances: one on Central Avenue and one in back
- 10+ parking spaces plus additional street parking
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
$23,962
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
6.23%
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%
$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
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
$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 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%
$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
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
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 - Mixed-use property with Central Avenue access, dual entrances, parking, and three-phase power.
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 SF block building with mixed‑use zoning; Two entrances: one on Central Avenue and one in back; 10+ parking spaces plus additional street parking
