Automotive Service Property with
New
For Sale
$2,400,000
7800 Lomas Boulevard NE, Albuquerque, NM 87110
Fenced automotive facility combines customer-facing display space, staff offices, and dedicated service infrastructure on a commercial corridor.
Property Size5,800 SF
Lot Size1.21 Acres
Price / SF$413.79
Days on Market2
Property Features for 7800 Lomas Boulevard NE
General Information
Standard status
Active
Size
5,800 SF
Total Parking Spaces
100
Lot size
1.21 Acres
Zoning
MX-M*
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
11
Taxes and HOA fees
Annual Taxes
$14,073
Amenities
multiple HVAC systems
polished showroom
dedicated offices
three entrance gates
Active
Compressor
Multi Units, Refrigerated
Combination, Multiple Heating Units
1
Drive-In Doors, Overhead Doors
220 Volts
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
52533
100
Public Records
Guest, On Site
Asphalt, Concrete
City Street
Frame
Building Details
Stories
1
Listing Agency:
(505) 296-0726
Listed By:
Karen Martin
(505) 296-0726
Source:
Brunikarr.idxbroker
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 5:04AM
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 Karen Martin
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 = 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
$83,372
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
3.47%
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%
$1,667,440
$1.7M
Cap Rate 7%
$1,191,029
$1.2M
Cap Rate 9%
$926,356
$926.4K
Market Conditions
NOI Build-Up for 5,800 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
$128.8K $22.20/SF
− Vacancy
−$9.7K −$1.67/SF
EGI
$119.1K $20.54/SF
− OpEx
−$35.7K −$6.16/SF
NOI
$83.4K $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%
$1,667,440
Cap Rate 7%
$1,191,029
Cap Rate 9%
$926,356
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,372 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$498.5K
$436.2K – $581.6K
NOI $34,896 @ 7.0% cap · market cap 1.45%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,220 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
169k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 5%
Smith's
Groceries
42,932 visits/mo
0.3 miles
McDonald's
Dining
28,666 visits/mo
0.4 miles
Sprouts Farmers Market
Groceries
20,894 visits/mo
0.2 miles
Smith's Fuel Center
Shops & Services
12,785 visits/mo
0.4 miles
Taco Bell
Dining
9,430 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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- M&M Auto — 6435 Linn Ave 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 Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,400,000.
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
