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    1620 Carlisle Blvd Albuquerque, NM 87108

    Sponsored
    For Sale
    $1,880,000

    High-traffic location, strong NOI.

    Property size:
    3,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving Valero gas station located at 1620 Carlisle Blvd SE, Albuquerque, NM 87108. Boasting 3,280 square feet on a 0.703-acre lot, this property features eight gas pumps and a convenience store generating a monthly revenue of $70,000-$75,000. The station consistently pumps 75,000 gallons of gas per month, benefiting from a high-traffic location with 35,400 vehicles per day (VPD) on Gibson Blvd and 5,400 VPD on Carlisle Blvd. The property enjoys a 14.04% cap rate and a net operating income (NOI) of $264,005. Recent renovations in 2024, totaling $70,000, included a new roof, bathrooms, AC, and LED lighting. Further enhancements within the last three months encompass new pumps, canopy, and face. The property also includes new pump motors installed in 2015 and benefits from a Valero contract with over 10 years remaining, yielding profit margins of 29-50 cents per gallon. The permitted zoning is MX-L. A former car wash building presents a value-add opportunity for leasing to compatible businesses. The owner is open to considering a sale, lease, lease purchase, or lease option to buy. A $200,000 non-refundable down payment is required for lease options, and the purchase of current inventory at cost is a condition of the sale.

    Property Features for 1620 Carlisle Blvd

    General Information

    Property type
    Automotive properties
    Square Feet
    3,280 SF
    Lot Size
    30,623 SF

    Building Details

    Year Renovated
    2024

    HighLights

    • Owner will consider sale, lease, lease‑purchase, or lease option.
    • Convenience store generates $70,000-$75,000 monthly revenue.
    • Fuel tanks dispense 75,000 gallons monthly.
    • Property boasts 35,400 vehicles per day (VPD) on Gibson Blvd and 5,400 VPD on Carlisle Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valero Gas Station

    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
    -106.60424332912
    Latitude
    35.058631966665

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    FAQs

    What type of property is this?
    Automotive property - High-traffic location, strong NOI.
    Where is this automotive property located?
    The property is located at 1620 Carlisle Blvd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: Owner will consider sale, lease, lease-purchase, or lease option.; Convenience store generates $70,000-$75,000 monthly revenue.; Fuel tanks dispense 75,000 gallons monthly.
    Request Owner's contact information
    1620 Carlisle Blvd Albuquerque, NM 87108
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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
    1620 Carlisle Blvd Albuquerque, NM 87108
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