Two-Suite Storefront
For Sale
$385,000
9807 4th St NW, Albuquerque, NM 87114
Separate entrances support flexible commercial occupancy and service-oriented layouts.
Property Size1,550 SF
Price / SF$248.39
Days on Market75
Property Features for 9807 4th St NW
General Information
Standard status
Active
Size
1,550 SF
Listing Agency:
RE/MAX ELEVATE
Listed By:
Erika B. Barela · License #51882
(505) 501-9025
Source:
Thesouthwestlife
Added: Aug 1
Changed: Oct 2
Last Checked: Oct 7 at 4:57PM
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 RE/MAX ELEVATE
Investment Insights
Based on property information with market context.
Located at 9807 4th St NW in Albuquerque’s North Valley, this 1,550-square-foot storefront property contains two separately accessed commercial spaces. The configuration supports owner-user occupancy, multiple businesses, or continued use for personal and animal care services.
One suite is arranged as a functioning hair salon, while the other is configured for pet grooming. Both areas can be adapted for other commercial applications. The property also includes refrigerated air, approximately 9 on-site parking spaces, and yard space.
One suite is arranged as a functioning hair salon, while the other is configured for pet grooming. Both areas can be adapted for other commercial applications. The property also includes refrigerated air, approximately 9 on-site parking spaces, and yard space.
Key Highlights
- 1,550‑square‑foot storefront property in Albuquerque’s North Valley
- Two separate commercial spaces, each with its own entrance
- Hair salon configuration in one suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,248
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
$265.0K
Cap Rate 7%
$189,257
$189.3K
Cap Rate 9%
$147,200
$147.2K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$20.5K $13.20/SF
− Vacancy
−$1.5K −$0.99/SF
EGI
$18.9K $12.21/SF
− OpEx
−$5.7K −$3.66/SF
NOI
$13.2K $8.55/SF
Area
ZIP 87114
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
Cap Rate 7%
$189,257
Cap Rate 9%
$147,200
Alternative Uses
Best Use
Retail
$189.3K
$165.6K – $220.8K
NOI $13,248 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.5K
$280.4K – $373.9K
NOI $22,435 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Murphy USA
Shops & Services
21,115 visits/mo
0.3 miles
Circle K
Shops & Services
13,441 visits/mo
0.4 miles
SONIC Drive In
Dining
9,991 visits/mo
0.3 miles
SUBWAY
Dining
3,268 visits/mo
0.3 miles
Jiffy Lube
Shops & Services
752 visits/mo
0.4 miles
Demographics for 87114, NM
69,402
Population
28,038
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
3,321
Density / Sq Mi
$81,768
Median Household Income
$48,127
Median Earnings
$1,321
Median Rent
$296,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
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Frequently Asked Questions
What type of property is this?
Storefront property - Separate entrances support flexible commercial occupancy and service-oriented layouts.
Where is this storefront property located?
The property is located at 9807 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,550‑square‑foot storefront property in Albuquerque’s North Valley; Two separate commercial spaces, each with its own entrance; Hair salon configuration in one suite
