Automotive Repair and Flex
800 Commercial Street Se Albuquerque, NM 87102
800 Commercial Street Se, Albuquerque, NM, 87102
$600,000
For Sale
$600,000
Auto repair building with a bay shop, dedicated office space, and a large shaded patio on an approximately acre lot.
Property Size4,057 SF
Price / SF$147.89
Days on Market55
Property Features for 800 Commercial Street Se
General Information
- Standard status
- Active
- Size
- 4,057 SF
Listing agency
LPT Realty
(505) 795-1235
Listed by
Jonathan Nunez · License #REC20220574
(505) 795-1235
Source
Exprealty
Added: May 29 Updated: Jul 21 at 3:06PM Checked: Jul 22 at 7:48AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This versatile mixed-use property is currently operating as an automotive repair business and includes a shop configured with a 4-10 ft bay, along with dedicated office space. The site also features a large, shaded patio and an expansive yard that may support future expansion plans.
The property is located on Commercial Street SE in Albuquerque and is identified as MX-L zoned. It sits on nearly an acre.
With approximately 4,057 square feet under roof, the layout supports an owner-user operation that needs both service-area space and office support, while also offering flexibility for a commercial buyer to adapt the site within the existing improvements.
The property is located on Commercial Street SE in Albuquerque and is identified as MX-L zoned. It sits on nearly an acre.
With approximately 4,057 square feet under roof, the layout supports an owner-user operation that needs both service-area space and office support, while also offering flexibility for a commercial buyer to adapt the site within the existing improvements.
Key Highlights
- Mixed‑use auto repair property in Albuquerque, currently operating as automotive repair.
- MX‑L zoning and nearly an acre lot (approx. one acre).
- 4,057 sq. ft. building with a 4–10 ft bay shop.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.6k | $21.60 |
| − Vacancy | −$15.8k | −$3.89 |
| EGI | $71.9k | $17.71 |
| − OpEx | −$18.0k | −$4.43 |
| NOI | $53.9k | $13.28 |
4,057 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$833.1K
$729.0K – $972.0K
NOI $58,317 @ 7.0% cap · market cap 9.72%
Second Best
Office B
$769.9K
$673.7K – $898.2K
NOI $53,893 @ 7.0% cap · market cap 8.98%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- City Treats Parties — 1701 4th St SW, Albuquerque, NM 87102
- a lotta enchilada 505 — albuquerque, nm 87102
FAQs
What type of property is this?
Flex space - Auto repair building with a bay shop, dedicated office space, and a large shaded patio on an approximately acre lot.
Where is this flex space 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: Mixed‑use auto repair property in Albuquerque, currently operating as automotive repair.; MX‑L zoning and nearly an acre lot (approx. one acre).; 4,057 sq. ft. building with a 4–10 ft bay shop.
