801 Old Coors DrAlbuquerque, NM 87121

Property Details for 801 Old Coors Dr

Year built

1971

Lot size

0.23 AC

Property size (Sq ft)

3,314 SF

Property type

Auto shops

APN

1-011-056-280-474-1-19-14

APU

101105628047411914

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $704,004

  6.5%

  $649,850

  7%

  $603,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $719,604

  Geo Method

  $689,983

• Alternative Use

  Use

  Valuation

  Residential

  $548,173

  Hospitality

  $502,124

  Educational

  $417,761

  Medical

  $432,128

  Retail

  $649,850

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0711

Longitude

-106.7

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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