Building Details

Buildings 1

Listing Agency: NAI SunVista c***@sunvista.com Show Phone

Listed By: Clay Azar Show Phone

Source: Carnm.resimplifi

Added: Jun 30 Changed: Aug 30 Last Checked: Aug 31 at 1:17PM

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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 SunVista

Investment Insights

Based on property information with market context.

This bar property includes an approximately 3,500 SF building, a liquor license, and two separate land components measuring approximately 0.2 acres and 0.5 acres. The property is zoned C-1, and furniture, fixtures, and equipment are negotiable as part of the transaction.

Frontage along NM State Rd. 313, also identified as S. Camino del Pueblo, provides direct roadway exposure. The property offers access to and from I-25 and US Hwy. 550, connecting the site with regional routes. The land components are associated with 955 S. Camino del Pueblo and 1020 S. Camino del Pueblo.

Key Highlights

• Approximately 3,500 SF bar building
• Liquor license included in the sale
• Two land components: approximately 0.2 acres and 0.5 acres

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

$33,870

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

5.55%

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%

$677,400 $677.4K

Cap Rate 7%

$483,857 $483.9K

Cap Rate 9%

$376,333 $376.3K

Market Conditions

NOI Build-Up for 3,500 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

$48.3K $13.80/SF

− Vacancy

−$3.1K −$0.90/SF

EGI

$45.2K $12.90/SF

− OpEx

−$11.3K −$3.23/SF

NOI

$33.9K $9.68/SF

Area

Sandoval County, NM

Vacancy

6.50%

Lease Rate

$13.80 /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%

$677,400

Cap Rate 7%

$483,857

Cap Rate 9%

$376,333

Alternative Uses

Best Use

Specialty Retail

$483.9K

$423.4K – $564.5K (±1% cap)

NOI $33,870 @ 7.0% cap · market cap 5.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$711.5K

$622.6K – $830.1K (±1% cap)

NOI $49,805 @ 7.0% cap · market cap 8.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bars & Pubs

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Garden Center Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 87004, NM

10,859

Population

4,916

Households

2.2

Avg Household Size

44

Median Age

23%

College-Educated

84%

High-School Grad

90.6 sq mi

ZIP Area

120

Density / Sq Mi

$63,319

Median Household Income

$36,402

Median Earnings

$1,066

Median Rent

$235,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Existing bar improvements accompany two land components with frontage on NM State Rd. 313 and convenient regional highway access.

Where is this bar & pub located?

The property is located at 955 S Camino Del Pueblo Bernalillo, NM.

What is the asking price?

The asking price for this property is $610,000.

What are key features of this property?

This property features: Approximately 3,500 SF bar building; Liquor license included in the sale; Two land components: approximately 0.2 acres and 0.5 acres