Mixed-Use Gallery with Alley
For Sale
$480,000
Pending
820 Kent Ave NW, Albuquerque, NM 87102
MX-T zoning includes live-work, office, boutique retail, café, and short-term rental uses.
Property Size1,500 SF
Days on Market126
Property Features for 820 Kent Ave NW
General Information
Standard status
Pending
Size
1,500 SF
Total Parking Spaces
2
Property subtype
Retail
Zoning
MX-T
Amenities
Power
Water
Sewer
Natural Gas
2 Parking Spaces
Building Details
Year Built
1926
Listing Agency:
Real Broker LLC
Listed By:
Mark Rickert
(505) 264-1016
Source:
Carnm.resimplifi
Added: Jun 11
Changed: Oct 1
Last Checked: Oct 12 at 4:45PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 1,500-square-foot mixed-use building, constructed in 1926, is currently configured as an art gallery for solo exhibitions, community programming, and juried presentations. The property includes a new roof, a dedicated 100 amp sub-panel, a paved patio with alley access, and a walk-up bar. Its MX-T zoning supports live-work units along with small offices, boutique retail, cafés, personal services, institutional uses, and other stated commercial and residential applications.
The property participates in the First Friday Artwalk, sits one block from the Saturday Downtown Grower’s Market, and is two blocks from Route 66. Downtown venues named in the property information are within walking distance, including Oni, Arrive Hotel, Ex Novo Brewery, and Sister. The patio offers an outdoor setting for pop-ups, markets, and evening events.
The property participates in the First Friday Artwalk, sits one block from the Saturday Downtown Grower’s Market, and is two blocks from Route 66. Downtown venues named in the property information are within walking distance, including Oni, Arrive Hotel, Ex Novo Brewery, and Sister. The patio offers an outdoor setting for pop-ups, markets, and evening events.
Key Highlights
- MX‑T zoning supports 30+ stated residential, office, retail, café, institutional, and other uses
- 1,500‑square‑foot building constructed in 1926
- Current art gallery use includes exhibitions, community events, and juried shows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,562
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,240
$431.2K
Cap Rate 7%
$308,029
$308.0K
Cap Rate 9%
$239,578
$239.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$33.3K $22.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$30.8K $20.54/SF
− OpEx
−$9.2K −$6.16/SF
NOI
$21.6K $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%
$431,240
Cap Rate 7%
$308,029
Cap Rate 9%
$239,578
Alternative Uses
Best Use
Retail
$308.0K
$269.5K – $359.4K
NOI $21,562 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$284.7K
$249.1K – $332.1K
NOI $19,926 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,859
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-T zoning includes live-work, office, boutique retail, café, and short-term rental uses.
Where is this mixed-use property located?
The property is located at 820 Kent Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: MX‑T zoning supports 30+ stated residential, office, retail, café, institutional, and other uses; 1,500‑square‑foot building constructed in 1926; Current art gallery use includes exhibitions, community events, and juried shows
