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    801 Old Coors Dr Albuquerque, NM 87121

    Sponsored
    For Sale
    $695,000

    High-return auto shop, excellent location.

    Property size:
    3,092 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving, fully occupied auto shop in Albuquerque, New Mexico. Located on a corner lot at 801 Old Coors Dr SW, this 3,092 square foot single-story building sits on a 19,558 square foot lot, zoned NR-C. Built in 1972, the property boasts three drive-in bays and includes all necessary equipment: one alignment machine, two vehicle lifts, and an air compressor. Two covered storage areas provide additional protection for equipment and inventory. The property enjoys a 100% occupancy rate and commands a strong asking price of $695,000, representing a compelling $224.77 per square foot and a 6.90% capitalization rate. This high-traffic location on a busy street offers significant growth potential. The seller is open to owner financing for qualified buyers, with terms including a 20% down payment, 7% interest, 30-year amortization, and a 5-year call provision. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location and included equipment make this a truly exceptional investment opportunity.

    Property Features for 801 Old Coors Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    3,092 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location ideal for business growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Performance Complete Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.69981826567
    Latitude
    35.071030524875

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    FAQs

    What type of property is this?
    Automotive property - High-return auto shop, excellent location.
    Where is this automotive property located?
    The property is located at 801 Old Coors Dr Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: High-traffic location ideal for business growth.; ;
    Request Owner's contact information
    801 Old Coors Dr Albuquerque, NM 87121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 Old Coors Dr Albuquerque, NM 87121
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