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    1620 Carlisle Blvd Albuquerque, NM 87108

    Sponsored
    For Lease
    $438 /Mo ($1.61 SF/Yr)

    High-volume gas station, strong revenue.

    Lot size:
    3,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Albuquerque, NM gas station presents a lucrative investment opportunity. The 3,280 square foot single-tenant property, located at 1620 Carlisle Blvd SE, boasts impressive sales figures: $70,000-$75,000 monthly in convenience store revenue and 75,000 gallons of fuel pumped monthly. The property sits on a 0.7-acre lot with 14 parking spaces and benefits from a MX-L zoning designation. Recent renovations totaling $70,000 include a new roof, bathrooms, AC, and LED lighting. Further improvements within the last three months encompass new pumps, canopy, and facade. Pump motors were also replaced in 2015. The property features a ten-year-plus Valero contract with profit margins of 29-50 cents per gallon. A former car wash building on the site offers additional value-add potential for leasing to compatible businesses. High traffic counts are a significant advantage, with 35,400 vehicles per day on Gibson Blvd and 5,400 vehicles per day on Carlisle Blvd. The seller will consider sale, lease, lease purchase, and lease option to buy. A $200,000 non-refundable down payment is required for lease options, and the buyer must purchase existing inventory at cost. This is a turnkey operation with significant upside potential. The property is a single-story building, renovated in 2024.

    Property Features for 1620 Carlisle Blvd

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,280 SF
    Total Rate
    438.96

    Building Details

    Year Renovated
    2024
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,280 SF
    Rate per SF
    $438

    HighLights

    • $200,000 non‑refundable deposit required for lease; inventory purchase at cost.
    • $70,000 - $75,000 monthly sales.
    • 75,000 gallons monthly fuel sales.
    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-volume gas station, strong revenue.
    Where is this automotive property located?
    The property is located at 1620 Carlisle Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $438 /Mo.
    What are key features of this property?
    This property features: $200,000 non-refundable deposit required for lease; inventory purchase at cost.; $70,000 - $75,000 monthly sales.; 75,000 gallons monthly fuel sales.
    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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