Automotive Shop with
For Sale
$600,000
800 Commercial Street SE, Albuquerque, NM 87102
COMMERCIAL - Albuquerque, NM
Property Size4,057 SF
Lot Size0.85 Acres
Price / SF$147.89
Days on Market99
Property Features for 800 Commercial Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-L*
Parking
6
Fencing
Fenced
Directions
Broadway south from Central to Cromwell, west to Commercial St.
Subdivision
80 - Downtown Area
Standard status
Active
APN
101405727608441514
Lot size
0.85 Acres
Taxes and HOA fees
Tax Annual Amount
4730
Utilities
Cooling system
Window Unit(s)
Amenities
dedicated office space
shaded patio
Building Details
Floors in Building
1
Listing Agency:
Simply Real Estate
(505) 308-3800
Listed By:
Jonathan Nunez · License #REC20220574
(505) 795-1235
Added: May 12
Changed: Aug 14
Last Checked: Aug 18 at 4:06PM
MLS# 1104452
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 4,057-square-foot automotive property is currently used for repair operations and includes a shop with four 10-foot bays, dedicated office space, and a large shaded patio. Window-unit cooling and perimeter fencing are also in place. The property occupies 0.85 acres, providing a substantial outdoor yard alongside the building.
Located at 800 Commercial Street SE in Albuquerque, the site carries MX-L zoning and offers access to the city’s surrounding commercial areas. The combination of repair-shop infrastructure, office space, patio improvements, and fenced yard supports continued automotive use while maintaining a flexible commercial layout.
Located at 800 Commercial Street SE in Albuquerque, the site carries MX-L zoning and offers access to the city’s surrounding commercial areas. The combination of repair-shop infrastructure, office space, patio improvements, and fenced yard supports continued automotive use while maintaining a flexible commercial layout.
Key Highlights
- 4,057‑square‑foot automotive repair property on 0.85 acres
- Shop includes four 10‑foot bays
- Dedicated office space included
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
$49,293
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
8.22%
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%
$985,860
$985.9K
Cap Rate 7%
$704,186
$704.2K
Cap Rate 9%
$547,700
$547.7K
Market Conditions
NOI Build-Up for 4,057 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
$87.6K $21.60/SF
− Vacancy
−$8.8K −$2.16/SF
EGI
$78.9K $19.44/SF
− OpEx
−$29.6K −$7.29/SF
NOI
$49.3K $12.15/SF
Area
Albuquerque, NM
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$985,860
Cap Rate 7%
$704,186
Cap Rate 9%
$547,700
Alternative Uses
Best Use
Retail
$833.1K
$729.0K – $972.0K
NOI $58,317 @ 7.0% cap · market cap 9.72%
Second Best
Mixed Use
$704.2K
$616.2K – $821.6K
NOI $49,293 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,703 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 34%
Electronics 22%
Texaco
Shops & Services
9,933 visits/mo
0.4 miles
Mexico Lindo
Dining
4,055 visits/mo
0.3 miles
Church's Chicken
Dining
3,895 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
3,249 visits/mo
0.3 miles
Boost Mobile
Electronics
1,113 visits/mo
0.3 miles
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating repair facility with office space, shaded patio, fenced yard, and MX-L zoning.
Where is this auto shop located?
The property is located at 800 Commercial Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,057‑square‑foot automotive repair property on 0.85 acres; Shop includes four 10‑foot bays; Dedicated office space included
