Drive-Through Restaurant on Large
For Sale
$650,000
930 Sunset Rd SW, Albuquerque, NM 87105
Quick-service restaurant with an operating drive-through and additional land for potential owner-user use.
Property Size1,800 SF
Lot Size0.95 Acres
Price / SF$361.11
Days on Market382
Property Features for 930 Sunset Rd SW
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.95 Acres
Property subtype
Retail
Zoning
Bernalillo Unicorporated
Additional Details
Drive-Thru
Yes
Amenities
Power
Water
Sewer
Natural Gas
Drive-Thru
Building Details
Buildings
1
Listing Agency:
Berger Briggs Real Estate & Property Management
(505) 379-7824
Listed By:
James Schneider
(505) 379-7824
Source:
Carnm.resimplifi
Added: Aug 15, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:50PM
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 Berger Briggs Real Estate & Property Management
Investment Insights
Based on property information with market context.
This 1,800-square-foot quick-service restaurant includes a drive-through and sits on a 0.95-acre parcel. The property is located at 930 Sunset Rd SW in Albuquerque, New Mexico, within Bernalillo Unincorporated zoning jurisdiction.
A new 5-year lease is in place, and the tenant operates multiple locations. The site also includes additional land, supporting potential owner-user use subject to applicable requirements.
A new 5-year lease is in place, and the tenant operates multiple locations. The site also includes additional land, supporting potential owner-user use subject to applicable requirements.
Key Highlights
- 1,800 SF quick‑service restaurant with drive‑through
- 0.95‑acre parcel with additional land
- New 5‑year lease in place
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
$20,339
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
3.13%
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%
$406,780
$406.8K
Cap Rate 7%
$290,557
$290.6K
Cap Rate 9%
$225,989
$226.0K
Market Conditions
NOI Build-Up for 1,800 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
$29.2K $16.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$27.1K $15.07/SF
− OpEx
−$6.8K −$3.77/SF
NOI
$20.3K $11.30/SF
Area
ZIP 87105
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$406,780
Cap Rate 7%
$290,557
Cap Rate 9%
$225,989
Alternative Uses
Best Use
Specialty Retail
$290.6K
$254.2K – $339.0K
NOI $20,339 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 16%
Electronics 15%
Wells Fargo
Shops & Services
8,015 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
6,810 visits/mo
0.1 miles
Dairy Queen
Dining
3,674 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
3,534 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,197 visits/mo
0.1 miles
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Quick-service restaurant with an operating drive-through and additional land for potential owner-user use.
Where is this drive through restaurant located?
The property is located at 930 Sunset Rd SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,800 SF quick‑service restaurant with drive‑through; 0.95‑acre parcel with additional land; New 5‑year lease in place
