1221 San Pedro SE Dr Albuquerque, NM 87108-5539
Property profile & analytics
1221 San Pedro SE Dr, Albuquerque, NM 87108-5539
- Car washes
- 2,496 SF
- 0.60 lot acres
Property ID
US61-0320879
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tiny Bubbles Car Wash / Car Wash
Property Details for 1221 San Pedro SE Dr
- Year built
- 2002
- Lot size
- 0.60 lot acres
- Property type
- Car washes
- APN
- 1-018-056-254-031-3-06-04
- APU
- 101805625403130604
Description
This thriving, self-service car wash presents a unique investment opportunity in Albuquerque, New Mexico. Located at 1221 San Pedro Dr SE, this fee-simple property boasts a prime location just north of the intersection of high-traffic San Pedro (6,783 vehicles per day) and Gibson Blvd (21,538 vehicles per day), placing it within walking distance of Kirtland Air Force Base and the Veterans Hospital. The 2,500 square foot facility, built in 2002 and recently refurbished in 2022, features six self-service bays and six vacuum stations, equipped with new JE Adams Turbo Vacuums (including one upholstery and fragrance combo), new Laurel Vending Machines, new American Changer bill changers, and new Hydro minders for all chemicals. The property is fully occupied and generated gross sales of $79,300 in 2023, yielding a seller discretionary earnings (SDE) of $42,000, resulting in an attractive cap rate of approximately 9.33%. The property includes perimeter fencing and coin changers, along with dispensers for car wash accessories. The current owner utilizes part-time help, suggesting potential for increased owner return with full-time operation. This turnkey operation is zoned MX-L and offers a compelling combination of strong cash flow and significant upside potential. The asking price is $450,000, or $180 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.578
- Latitude
- 35.059
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,464
$52,169
$40,871
$93,040
-
$156,524
$122,625
$279,149
