Freestanding Mixed-Use
For Sale
$1,500,000
6624 Caminito Coors NW, Albuquerque, NM 87120
Freestanding commercial property with MX-L zoning and a large pylon sign.
Property Size5,000 SF
Price / SF$300
Days on Market119
Property Features for 6624 Caminito Coors NW
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Zoning
MX-L
Building Details
Year Built
2021
Listing Agency:
Flanagan Investment Real Estate
(505) 235-7585
Listed By:
Cole Flanagan · License #48430
(505) 235-7585
Source:
Carnm.resimplifi
Added: May 6
Changed: Aug 30
Last Checked: Aug 31 at 1:05PM
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 Flanagan Investment Real Estate
Investment Insights
Based on property information with market context.
This freestanding mixed-use commercial property was built in 2001 and carries MX-L zoning. The building includes a large pylon sign and is positioned along Caminito Coors NW in Albuquerque. Traffic counts exceed 43,400 VPD, providing a measurable level of roadway exposure for the property. The asset is identified for retail and flex use, with a 5,000 property-size figure reported in the listing data.
Key Highlights
- MX‑L zoning
- Built in 2001
- Traffic counts exceed 43,400 VPD
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
$57,915
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
3.86%
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%
$1,158,300
$1.2M
Cap Rate 7%
$827,357
$827.4K
Cap Rate 9%
$643,500
$643.5K
Market Conditions
NOI Build-Up for 5,000 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
$99.0K $19.80/SF
− Vacancy
−$21.8K −$4.36/SF
EGI
$77.2K $15.44/SF
− OpEx
−$19.3K −$3.86/SF
NOI
$57.9K $11.58/SF
Area
ZIP 87120
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,158,300
Cap Rate 7%
$827,357
Cap Rate 9%
$643,500
Alternative Uses
Best Use
Office B
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 3.86%
Second Best
Mixed Use
$796.9K
$697.3K – $929.7K
NOI $55,781 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 87120, NM
64,643
Population
27,432
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
93%
High-School Grad
57.6 sq mi
ZIP Area
1,122
Density / Sq Mi
$84,887
Median Household Income
$49,726
Median Earnings
$1,404
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding commercial property with MX-L zoning and a large pylon sign.
Where is this mixed-use property located?
The property is located at 6624 Caminito Coors NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: MX‑L zoning; Built in 2001; Traffic counts exceed 43,400 VPD
