Property profile

321 Rio Grande NW Blvd Albuquerque, NM 87104

OFF-MARKET
Turn key restaurants
Property ID
US61-0172461
0.14 ac lot
Trust Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding restaurant opportunity is located in Albuquerque's vibrant Old Town, at 321 Rio Grande Blvd NW, situated on a 0.6-acre lot. The property boasts a prominent location at the intersection of Rio Grande Blvd NW and Dora Ave NW, offering excellent visibility and accessibility. The building itself comprises 3,000 square feet, providing ample space for a thriving culinary establishment. The single-tenant occupancy ensures ease of management and control. This property presents a unique chance to establish or relocate a restaurant business in one of Albuquerque's most desirable and historic neighborhoods. Bernalillo County's strong economy and the consistent tourist traffic in Old Town create a robust market for food and beverage businesses. The generous lot size offers potential for expansion or outdoor seating, further enhancing the property's appeal. The address is 321 Rio Grande Blvd NW, Albuquerque, NM 87104. This is a rare opportunity to acquire a well-positioned, established restaurant space in a highly sought-after location. The property's size and location make it ideal for a variety of restaurant concepts. Don't miss this chance to own a piece of Albuquerque's rich history and thriving culinary scene.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.14 ac (6,273 SF)
APN 1-013-058-091-370-2-12-22
UPID US61-0172461

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

321 Rio Grande NW Blvd Albuquerque, NM 87104-1448
Albuquerque metro Census 4800 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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