Automotive Service Property with
7800 Lomas Blvd, Albuquerque, NM 87110
For Sale
$2,200,000
Fenced automotive facility combines customer-facing display space, staff offices, and dedicated service infrastructure on a commercial corridor.
Property Size5,806 SF
Lot Size1.21 Acres
Price / SF$378.92
Days on Market109
Property Features for 7800 Lomas Blvd
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Road Access
Fenced Yard
Additional Details
Service Bays
Amenities
multiple HVAC systems
polished showroom
dedicated offices
three entrance gates
Listing Agency:
Berkshire Hathaway NM Prop
Listed By:
Kamran Omidvar · License #16266
(505) 319-3800
Source:
Findalbuquerqueproperties
Added: Jul 22
Changed: Nov 1
Last Checked: Nov 6 at 9:32AM
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 Berkshire Hathaway NM Prop
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Investment Insights
Based on property information with market context.
This automotive property includes a 5,800-square-foot dealership facility on a fully fenced 1.21-acre lot. The improvements include a showroom, staff and management offices, 11 service bays, lifts, jacks, a metal roof, and multiple HVAC systems. Drive-in and overhead doors support vehicle movement, while three entrance gates are positioned on the north, east, and west sides of the site.
The property is located at 7800 Lomas Boulevard NE in Albuquerque, within the Northeast Heights area and alongside established automotive dealerships. MX-M* zoning is identified for the site. Connected services include electricity, natural gas, phone, sewer, and water, with 220-volt electrical service also noted. The surface improvements include asphalt and concrete, and on-site guest parking is available.
The property is located at 7800 Lomas Boulevard NE in Albuquerque, within the Northeast Heights area and alongside established automotive dealerships. MX-M* zoning is identified for the site. Connected services include electricity, natural gas, phone, sewer, and water, with 220-volt electrical service also noted. The surface improvements include asphalt and concrete, and on-site guest parking is available.
Key Highlights
- 5,800‑square‑foot dealership facility on a 1.21‑acre lot
- 11 service bays equipped with lifts and jacks
- Showroom plus dedicated staff and management offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,458
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,160
$1.7M
Cap Rate 7%
$1,192,257
$1.2M
Cap Rate 9%
$927,311
$927.3K
Market Conditions
NOI Build-Up for 5,806 SF
Gross rent
$128.9K $22.20/SF
− Vacancy
−$9.7K −$1.67/SF
EGI
$119.2K $20.54/SF
− OpEx
−$35.8K −$6.16/SF
NOI
$83.5K $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%
$1,669,160
Cap Rate 7%
$1,192,257
Cap Rate 9%
$927,311
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,458 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$499.0K
$436.7K – $582.2K
NOI $34,932 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,321 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
11
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Burger King
Dining
13,833 visits/mo
0.4 miles
Circle K
Shops & Services
10,824 visits/mo
0.1 miles
Blake's LotaBurger
Dining
5,703 visits/mo
0.1 miles
Hertz
Shops & Services
542 visits/mo
0.0 miles
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
Similar Off Market Nearby
- M&M Auto — 6435 Linn Ave NE, Albuquerque, NM 87108
- Custom Creations Upholstery/ Auto Trimming — 6439 Linn Ave NE, Albuquerque, NM 87108
- Central Tires — 6419 Central Ave NE, Albuquerque, NM 87108
- Rg Auto — 204 Espanola St NE, Albuquerque, NM 87108
- Outlawz Customs — 201 Pennsylvania St NE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced automotive facility combines customer-facing display space, staff offices, and dedicated service infrastructure on a commercial corridor.
Where is this auto shop located?
The property is located at 7800 Lomas Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,800‑square‑foot dealership facility on a 1.21‑acre lot; 11 service bays equipped with lifts and jacks; Showroom plus dedicated staff and management offices
