Retail Center in Strong
For Sale
Contact for pricing
5700 San Antonio Dr NE, Albuquerque, NM 87109
Retail center with stable rent roll and high visibility.
Property Size14,740 SF
Price / SF$223.88
Days on Market889
Property Features for 5700 San Antonio Dr NE
General Information
Standard status
Active
Size
14,740 SF
Class
A
Property subtype
Retail
Zoning
MX-M
Net Operating Income
$246,645
Building Details
Buildings
2
Stories
1
Units
5
Listing Agency:
NAI Sun Vista
(505) 878-0009
Listed By:
Randall Parish · License #NM 49840
Source:
Crexi
Added: Mar 27, 2024
Changed: Aug 22
Last Checked: Aug 31 at 6:55AM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This retail center is located in a strong trade area and features contemporary buildings less than 10 years old. The property benefits from a market-competitive lease rates and easy accessibility for both tenants and their customers. The center sees approximately 133,000 visits annually from 52,300 unique visitors. The average household income within a five-mile radius is $105,340. The retail vacancy in the market is running at less than 3% for similar space. The property has a size of 14,740 square feet.
Key Highlights
- Stable rent roll
- Retail vacancy in the market is less than 3% for similar space
- $105,340 average household income within a five‑mile radius
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$211,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,237,600
$4.2M
Cap Rate 7%
$3,026,857
$3.0M
Cap Rate 9%
$2,354,222
$2.4M
Market Conditions
NOI Build-Up for 14,740 SF
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.
Gross rent
$327.2K $22.20/SF
− Vacancy
−$24.5K −$1.67/SF
EGI
$302.7K $20.54/SF
− OpEx
−$90.8K −$6.16/SF
NOI
$211.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,237,600
Cap Rate 7%
$3,026,857
Cap Rate 9%
$2,354,222
Alternative Uses
Best Use
Retail
$3.03M
$2.65M – $3.53M
NOI $211,880 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,613 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Hotels & Casinos 15%
Shops & Services 7%
Cracker Barrel Old Country Store
Dining
36,091 visits/mo
0.3 miles
Blake's LotaBurger
Dining
10,893 visits/mo
0.2 miles
Denny's
Dining
7,970 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,215 visits/mo
0.2 miles
Hilton Garden Inn Albuquerque/Journal Center
Hotels & Casinos
3,122 visits/mo
0.3 miles
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Similar Off Market Nearby
- Far North Llc — 6300 San Mateo Blvd NE, Albuquerque, NM 87109
- Market Place at Journal Center — 7600 Jefferson St NE, Albuquerque, NM 87109
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with stable rent roll and high visibility.
Where is this shopping center located?
The property is located at 5700 San Antonio Dr NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Stable rent roll; Retail vacancy in the market is less than 3% for similar space; $105,340 average household income within a five‑mile radius
