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Property profile & analytics
OFF-MARKET
Commercial real estate

404 Romero St Albuquerque, NM 87104

3,200 SF
Property ID
US61-0141672
Property summary
AI-generated overview

This exceptional 3,200 square foot restaurant space presents a unique opportunity in the heart of the historic Old Town district. Situated in a destination-oriented setting with strong retail synergy and high tourism, this location offers a rare chance for a seasoned restaurant operator to establish a thriving business. The property boasts a flexible layout, adaptable to various culinary concepts. Two conceptual plans are available: Plan A features 1,691 square feet of indoor space and 1,523 square feet of outdoor seating (not included in the lease rate), while Plan B offers 2,320 square feet of indoor space and 880 square feet of outdoor seating (also not included in the lease rate). The property's indoor and outdoor settings create a unique dining experience that captures the vibrant atmosphere of Old Town. The lease rate is in the upper $40s per square foot, NNN, with a generous tenant improvement allowance. The landlord is open to exploring alternative lease structures for qualified tenants. This is a truly exceptional opportunity to capitalize on the limited number of eateries in this premier tourist destination. The property is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Total area 3,200 SF
UPID US61-0141672
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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