Retail Center in Strong
5700 San Antonio Dr NE Albuquerque, NM 87109
5700 San Antonio Dr NE, Albuquerque, NM, 87109
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For Sale
Contact for pricing
Retail center with stable rent roll and high visibility.
Property Size14,740 SF
Price / SF$223.88
Days on Market844
Property Features for 5700 San Antonio Dr NE
General Information
- Standard status
- Active
- Size
- 14,740 SF
- Property subtype
- Retail
Listing Agency
NAI Sun Vista
(505) 878-0009
Listed by
Randall Parish · License #NM 49840
Source
Crexi
Added: Mar 27, 2024 Checked: Jul 17 at 7:20 am
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.2k | $22.20 |
| − Vacancy | −$24.5k | −$1.67 |
| EGI | $302.7k | $20.54 |
| − OpEx | −$90.8k | −$6.16 |
| NOI | $211.9k | $14.37 |
14,740 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dental Care on San ...
Dental Office
Lovato Eyecare
Eye Care Center
Jesse T. Varoz, ...
Dental Office
LGND ENERGY
Solar Energy Company
Vasu Shah
Dental Office
Similar For Sale Nearby
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
FAQs
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
