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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Auto shops
5600 Central SE Ave Albuquerque, NM 87108-1604
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0129713
Property summary
AI-generated overview
This exceptional 12,800-square-foot retail building, situated on 1.98 acres of land in Albuquerque, New Mexico, presents a unique leasing opportunity. Located at 5600 Central Ave SE, zip code 87108, this mixed-use property boasts a prime location fronting Route 66 (Central Avenue SE), experiencing high traffic volume with 20,100 cars passing daily. The building features two suites, currently entirely vacant, and is zoned MX-M. The minimum leasable space is the entire 12,800 square feet. A prominent pylon sign ensures excellent visibility, and ample parking is available for customers and employees. The property benefits from easy access to the Albuquerque Rapid Transit (ART) system, enhancing accessibility. Furthermore, this location is within a thriving retail trade area and is conveniently situated near a newly developed multifamily residential complex within a one-mile radius. The property is cannabis-friendly. Note that this listing pertains only to the retail portion of the building
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Total area
22,176 SF
Lot
1.96 ac (85,247 SF)
APN
1-018-057-076-148-3-15-24
UPID
US61-0129713
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
Current use
Occupant on record · Public records
-
Twins Learning Center Daycare Center
-
Gold Star Academy High School Daycare Center
-
Las Comadres Restaurant
-
Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Re Albuquerque Central Ave LLC · 1 yrs held
Re Albuquerque Central Ave LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+9.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,460,000
Current use
RESTAURANT
$2,690,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,430,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,405,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,340,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,054
Tax year 2023
Assessed value
$480,533
Assessed 2023
Previous assessed
$440,856
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$140,378
Assessed improvement
$340,155
Land market value
$421,176
Improvement market value
$1,020,567
Total market value
$1,441,743
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Heating
NONE
Total area
22,176 SF
Lot
1.96 ac (85,247 SF)
APN
1-018-057-076-148-3-15-24
UPID
US61-0129713
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
1.96 ac
Current owner
From public records · entity-resolved
Re Albuquerque Central Ave LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3111 W ALLEGHENY AVE, PHILADELPHIA, PA 19132-1116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
—
Re Albuquerque Central Ave LLC
The Pep Boys Manny Moe & Jack Of Ca
Special Warranty Deed
—
Oct 17, 2012
—
Pep Boys Manny Moe & Jack Of Cali
—
Deed Of Trust
related
$200,000,000 · Wells Fargo Bank
Feb 7, 2006
—
Pep Boys Manny Moe & Jack Of Cali
—
Deed Of Trust
related
$200,000,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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