Central Avenue Commercial
For Sale
Contact for pricing
Pending
6610 Central Ave SE, Albuquerque, NM 87108
Commercial property with high visibility and fenced yard for sale.
Property Size3,129 SF
Days on Market687
Property Features for 6610 Central Ave SE
General Information
Standard status
Pending
Size
3,129 SF
Property subtype
Retail
Listing Agency:
NAI Sun Vista
(505) 878-0001
Listed By:
Alexis Lovato · License #NM 55026
Source:
Crexi
Added: Sep 12, 2024
Changed: Jul 10
Last Checked: Jul 29 at 11:32AM
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 commercial property on Central Avenue offers visibility to approximately 19,000 vehicles per day. Suited for either sale or lease, the property features perimeter fencing and a gated yard. It is ideally located for an auto sales or service business and is also suitable for an industrial user requiring a fenced yard. The property includes a large pylon sign and one 10-foot by 8-foot roll-up door. The building size is 3129 square feet. The property has been recently renovated.
Key Highlights
- High visibility location with 19,000 cars per day
- Fenced and gated yard
- Perfect for auto sales/service or industrial use
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 | $69.5k | $22.20 |
| − Vacancy | −$5.2k | −$1.67 |
| EGI | $64.3k | $20.54 |
| − OpEx | −$19.3k | −$6.16 |
| NOI | $45.0k | $14.37 |
3,129 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$642.5K
$562.2K – $749.6K
NOI $44,978 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$268.9K
$235.3K – $313.8K
NOI $18,826 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$757.0K
$662.4K – $883.1K
NOI $52,988 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Dion's Pizza
Dining
15,979 visits/mo
0.3 miles
Circle K
Shops & Services
11,307 visits/mo
0.4 miles
El Taco Tote
Dining
6,966 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
5,531 visits/mo
0.4 miles
Bank Of Albuquerque - Albuquerque
Shops & Services
3,840 visits/mo
0.4 miles
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7315 central ave ne, albuquerque, nm 87108
- U-Haul Neighborhood Dealer — 5516 Silver Ave SE Ste 2, Albuquerque, NM 87108
- Trailer Rental at U-Haul — 6401 Central Ave NE, Albuquerque, NM 87108
- Propane Refill at U-Haul — 6401 Central Ave NE, Albuquerque, NM 87108
- U-Haul Moving & Storage at Central — 6401 Central Ave NE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Automotive property - Commercial property with high visibility and fenced yard for sale.
Where is this automotive property located?
The property is located at 6610 Central Ave SE 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: High visibility location with 19,000 cars per day; Fenced and gated yard; Perfect for auto sales/service or industrial use
