Property profile

801 Old Coors SW Dr Albuquerque, NM 87121

OFF-MARKET
Auto shops
Property ID
US61-0295720
3,314 SF 0.23 ac lot Built 1971
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, fully occupied auto shop in Albuquerque, New Mexico. Located on a corner lot at 801 Old Coors Dr SW, this 3,092 square foot single-story building sits on a 19,558 square foot lot, zoned NR-C. Built in 1972, the property boasts three drive-in bays and includes all necessary equipment: one alignment machine, two vehicle lifts, and an air compressor. Two covered storage areas provide additional protection for equipment and inventory. The property enjoys a 100% occupancy rate and commands a strong asking price of $695,000, representing a compelling $224.77 per square foot and a 6.90% capitalization rate. This high-traffic location on a busy street offers significant growth potential. The seller is open to owner financing for qualified buyers, with terms including a 20% down payment, 7% interest, 30-year amortization, and a 5-year call provision. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location and included equipment make this a truly exceptional investment opportunity.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1971
Total area 3,314 SF
Lot 0.23 ac (10,019 SF)
APN 1-011-056-280-474-1-19-14
UPID US61-0295720

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
  • Auto Repair Shop

Location

801 Old Coors SW Dr Albuquerque, NM 87121-3305
Albuquerque metro Census 2404 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2008
1 recorded transaction
2008
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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