Automotive Service and Paint
8207 Central Ave NE, Albuquerque, NM 87108
For Sale
$1,260,000
Paint and body shop with multiple overhead doors, hydraulic lifts, and paint booths in a garage-ready layout.
Property Size11,448 SF
Price / SF$110.06
Days on Market250
Property Features for 8207 Central Ave NE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Traffic Count
Warehouse & Industrial
Clear Height
Heavy Power
Building Details
Year Built
Listing Agency:
Berkshire Hathaway NM Commercial Real Estate
Listed By:
Christian File
(505) 235-8518
Source:
Carnm.resimplifi
Added: Mar 3
Changed: Oct 25
Last Checked: Nov 6 at 5:14AM
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 Berkshire Hathaway NM Commercial Real Estate
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Investment Insights
Based on property information with market context.
This automotive service and paint facility is currently operated as a paint and body shop with additional large-shop space for automotive mechanical work. The building includes six overhead doors, multiple paint booths, and hydraulic lifts, which are described as negotiable. Clear height ranges from 10' 0" to 15' 3", and the property is served by 3-phase power (240V). Recent improvements include a new metal roof and a new HVAC combo unit.
The site is positioned for automotive use, with substantial building signage and a monument sign on Central. The property is currently zoned Mx-m, and it was formerly zoned C-2.
The facility includes the functional components typically needed for paint and mechanical operations, supported by overhead door access and the available lift equipment. The seller notes that multiple paint booths and hydraulic lifts may convey as part of the transaction, subject to negotiation.
The site is positioned for automotive use, with substantial building signage and a monument sign on Central. The property is currently zoned Mx-m, and it was formerly zoned C-2.
The facility includes the functional components typically needed for paint and mechanical operations, supported by overhead door access and the available lift equipment. The seller notes that multiple paint booths and hydraulic lifts may convey as part of the transaction, subject to negotiation.
Key Highlights
- Paint and body shop setup with multiple paint booths, plus a large garage‑ready area for automotive mechanical work
- 6 overhead doors and large building signage, including a monument sign at Central
- 3‑phase 240V power and 10'0"–15'3" clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,877
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,540
$1.4M
Cap Rate 7%
$983,957
$984.0K
Cap Rate 9%
$765,300
$765.3K
Market Conditions
NOI Build-Up for 11,448 SF
Gross rent
$103.0K $9.00/SF
− Vacancy
−$4.6K −$0.41/SF
EGI
$98.4K $8.59/SF
− OpEx
−$29.5K −$2.58/SF
NOI
$68.9K $6.02/SF
Area
Albuquerque, NM
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,540
Cap Rate 7%
$983,957
Cap Rate 9%
$765,300
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.74M
NOI $164,559 @ 7.0% cap · market cap 13.06%
Second Best
Industrial
$984.0K
$861.0K – $1.15M
NOI $68,877 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,865 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
15 ft
Clear height
32,000 VPD
Traffic count
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 25%
Electronics 13%
Circle K
Shops & Services
8,596 visits/mo
0.2 miles
Pizza Hut
Dining
3,528 visits/mo
0.3 miles
Cricket Wireless Authorized Retailer
Electronics
1,238 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
621 visits/mo
0.4 miles
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
Similar Off Market Nearby
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- Four LS Automotive — 8516 Trumbull Ave SE, Albuquerque, NM 87108
- G&F Diesel Service Llc — 512 Virginia St SE, Albuquerque, NM 87108
- A Discount Towing — 509 Wyoming Blvd SE, Albuquerque, NM 87123
Frequently Asked Questions
What type of property is this?
Auto shop - Paint and body shop with multiple overhead doors, hydraulic lifts, and paint booths in a garage-ready layout.
Where is this auto shop located?
The property is located at 8207 Central Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Paint and body shop setup with multiple paint booths, plus a large garage‑ready area for automotive mechanical work; 6 overhead doors and large building signage, including a monument sign at Central; 3‑phase 240V power and 10'0"–15'3" clear height
