Restaurant and Retail Investment
For Sale
$1,500,000
9880 Montgomery Blvd, Albuquerque, NM 87111
Excellent location with established lease history for restaurant and retail.
Property Size5,678 SF
Price / SF$264.18
Days on Market348
Property Features for 9880 Montgomery Blvd
General Information
Standard status
Active
Size
5,678 SF
Listing Agency:
Coldwell Banker Legacy
Listed By:
Donald Lee Slack · License #52473
(505) 264-3883
Source:
Albuquerquehomefinders
Added: Sep 27, 2025
Changed: Sep 8
Last Checked: Sep 7 at 3:42PM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
This property features an advantageous location and a history of established leases. Currently, the property is leased by The Whole Hog Cafe and Oasis dispensary, indicating its suitability for restaurant and retail businesses. The parking lot has been recently resurfaced and is in good condition.
Key Highlights
- Excellent location
- Strong lease history
- Currently leased by established businesses (The Whole Hog Cafe and Oasis dispensary) generating income
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
$74,456
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
4.96%
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%
$1,489,120
$1.5M
Cap Rate 7%
$1,063,657
$1.1M
Cap Rate 9%
$827,289
$827.3K
Market Conditions
NOI Build-Up for 5,678 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
$105.6K $18.60/SF
− Vacancy
−$6.3K −$1.12/SF
EGI
$99.3K $17.48/SF
− OpEx
−$24.8K −$4.37/SF
NOI
$74.5K $13.11/SF
Area
ZIP 87111
Vacancy
6.00%
Lease Rate
$18.60 /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%
$1,489,120
Cap Rate 7%
$1,063,657
Cap Rate 9%
$827,289
Alternative Uses
Best Use
Specialty Retail
$1.06M
$930.7K – $1.24M
NOI $74,456 @ 7.0% cap · market cap 4.96%
Second Best
Retail
$913.9K
$799.6K – $1.07M
NOI $63,971 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,292 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
342k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 36%
Apparel 14%
Superstores 8%
Hobby Lobby
Shops & Services
52,154 visits/mo
0.2 miles
Marshalls
Apparel
49,253 visits/mo
0.2 miles
Big Lots
Superstores
26,419 visits/mo
0.3 miles
Murphy USA
Shops & Services
25,430 visits/mo
0.1 miles
SONIC Drive In
Dining
24,072 visits/mo
0.1 miles
Demographics for 87111, NM
56,121
Population
28,192
Households
2
Avg Household Size
45
Median Age
56%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
4,419
Density / Sq Mi
$84,511
Median Household Income
$52,350
Median Earnings
$1,310
Median Rent
$349,200
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
- Taste Boutique Catering — 10601 Montgomery Blvd NE, Albuquerque, NM 87111
- Special Touch Catering — 5200 Eubank Blvd NE suite b-7, Albuquerque, NM 87111
Frequently Asked Questions
What type of property is this?
Restaurant - Excellent location with established lease history for restaurant and retail.
Where is this restaurant located?
The property is located at 9880 Montgomery Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Excellent location; Strong lease history; Currently leased by established businesses (The Whole Hog Cafe and Oasis dispensary) generating income
