Albuquerque Retail Investment
585 Osuna Road Northeast, Albuquerque, NM 87113
For Sale
Contact for pricing
Retail property for sale with established tenants and high visibility.
Property Size14,160 SF
Price / SF$195.27
Days on Market674
Property Features for 585 Osuna Road Northeast
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
NAI Sun Vista
Listed By:
Lisa Mercer, CCIM · License NM #53678
Source:
Crexi
Added: Jan 6, 2025
Changed: Nov 1
Last Checked: Nov 10 at 8:51AM
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 NAI Sun Vista
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers an opportunity for retail investment or owner-user purchase. The property has a vacancy of approximately 4,000 square feet, representing 28% of the total space. Current tenants include Amadeo’s Pizza, Subway, Volcanic Training, and Home Instead Home Care; some have been in the center since 2011. The estimated NNN expenses are $3.50 per square foot. The location offers visibility with approximately 20,200 cars per day. Parking is available at a ratio of 5 spaces per 1,000 square feet. The property is located directly across from Sandia Prep and less than half a mile from the Vista del Norte neighborhood.
Key Highlights
- Great owner/user opportunity
- Located directly across from Sandia Prep
- Great visibility to ±20,200 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,543
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,070,860
$4.1M
Cap Rate 7%
$2,907,757
$2.9M
Cap Rate 9%
$2,261,589
$2.3M
Market Conditions
NOI Build-Up for 14,160 SF
Gross rent
$314.4K $22.20/SF
− Vacancy
−$23.6K −$1.67/SF
EGI
$290.8K $20.54/SF
− OpEx
−$87.2K −$6.16/SF
NOI
$203.5K $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%
$4,070,860
Cap Rate 7%
$2,907,757
Cap Rate 9%
$2,261,589
Alternative Uses
Best Use
Retail
$2.91M
$2.54M – $3.39M
NOI $203,543 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $239,791 @ 7.0% cap · market cap 8.67%
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
331
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
SUBWAY
Dining
2,053 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,272 visits/mo
0.3 miles
Demographics for 87113, NM
16,380
Population
7,155
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
1,099
Density / Sq Mi
$92,083
Median Household Income
$59,641
Median Earnings
$1,581
Median Rent
$362,100
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 Shopping centers in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
Shopping center - Retail property for sale with established tenants and high visibility.
Where is this shopping center located?
The property is located at 585 Osuna Road Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,765,000.
What are key features of this property?
This property features: Great owner/user opportunity; Located directly across from Sandia Prep; Great visibility to ±20,200 cars per day
