Listing Agency: Berkshire Hathaway NM Prop

Listed By: 724 Real Estate Show Phone

Source: Albuquerquehomefinders

Added: Oct 29, 2025 Changed: Nov 1 Last Checked: Nov 1 at 5:40AM

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Investment Insights

Based on property information with market context.

This historic New Mexican restaurant, situated in the North Valley, has operated for over 50 years. The restaurant provides 8,591 square feet of dining and serving space. It features patios with koi fish ponds and gardens, along with a full-service bar. The interior provides seating suitable for both small and large gatherings. The property includes full-service kitchens and two large walk-in freezers. Located on a 2.0398-acre lot, the restaurant offers ample parking for guests. The property is suitable for use as a restaurant.

Key Highlights

• Established restaurant with 50+ year history and proven track record.
• Expansive 8591 sq ft dining and serving space.
• Sits on 2.0398 acres, providing ample parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,524

Cap Rate

3.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,670,480 $1.7M

Cap Rate 7%

$1,193,200 $1.2M

Cap Rate 9%

$928,044 $928.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,631 SF

Gross rent

$119.1K $13.80/SF

− Vacancy

−$7.7K −$0.90/SF

EGI

$111.4K $12.90/SF

− OpEx

−$27.8K −$3.23/SF

NOI

$83.5K $9.68/SF

Area

ZIP 87114

Vacancy

6.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,670,480

Cap Rate 7%

$1,193,200

Cap Rate 9%

$928,044

Alternative Uses

Best Use

Specialty Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,524 @ 7.0% cap · market cap 3.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,929 @ 7.0% cap · market cap 4.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Casa de Benavidez Restaurant Benavidez Foods LLC Big Box & Wholesale Store Priya PK Bank

Suggested Use

Top Pick Dental Office Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

38k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 62% Shops & Services 21% Dining 17%

Tractor Supply Co. Home Improvements & Furnishings

23,540 visits/mo 0.4 miles

Family Dollar Shops & Services

7,832 visits/mo 0.5 miles

Blake's LotaBurger Dining

6,647 visits/mo 0.3 miles

Demographics for 87114, NM

69,402

Population

28,038

Households

2.5

Avg Household Size

37

Median Age

39%

College-Educated

95%

High-School Grad

20.9 sq mi

ZIP Area

3,321

Density / Sq Mi

$81,768

Median Household Income

$48,127

Median Earnings

$1,321

Median Rent

$296,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Iconic New Mexican restaurant with a rich history and proven success.

Where is this conventional restaurant located?

The property is located at 8032 4th St Los Ranchos, NM.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Established restaurant with **50+ year history and proven track record**.; Expansive **8591 sq ft dining and serving space**.; Sits on 2.0398 acres, providing ample parking.