Listing Agency: Coldwell Banker Legacy

Listed By: Donald Lee Slack · License #52473 Show Phone

Source: Albuquerquehomefinders

Added: Sep 3, 2025 Changed: Oct 1 Last Checked: Oct 23 at 7:15AM

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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 / Yr

$74,456

Cap Rate

4.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,489,120 $1.5M

Cap Rate 7%

$1,063,657 $1.1M

Cap Rate 9%

$827,289 $827.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,678 SF

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 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 (±1% cap)

NOI $74,456 @ 7.0% cap · market cap 4.96%

Second Best

Retail

$913.9K

$799.6K – $1.07M (±1% cap)

NOI $63,971 @ 7.0% cap · market cap 4.26%

Theoretical Best

Office A

$1.33M

$1.17M – $1.55M (±1% cap)

NOI $93,292 @ 7.0% cap · market cap 6.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pecos Valley Production ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Law Firm Auto Repair Shop

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

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

7.8% 2019

8.4% 2020

7.9% 2021

4.8% 2022

4.2% 2023

5.7% 2024

5.5% 2025

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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