1221 San Pedro Dr SE
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1221 San Pedro Dr SE
2,500 SF Speciality Building Offered at £352,103 at a 9.34% Net Initial Yield in Albuquerque, NM 87108
Investment Highlights
- 6-Bay Car Wash
- Seller Discretionary Earnings $42,000
- Well Maintained
- 6 JE Turbo Vacuums Installed in 2022
- Busy Location Near Kirtland AFB
- Excellent Visibility
Executive Summary
Tiny Bubbles has been serving the local community for more than two decades. This recently refurbished self-service car wash, built in 2002, is conveniently located near Gibson Blvd, just minutes from Kirtland Air Force Base and the Veterans Hospital.. Upgrades in 2022 include new JE Adams Turbo Vacuums, including one upholstery and fragrance combo, new Laurel Vending Machines, new American Changer bill changers, and new Hydro minders for all chemicals.
The property grossed $79,300 in sales in 2023 and returned Seller Discretionary Earnings of $42,000, for an asking cap rate of +/-9.33%. The current owner employs part-time help. There is potential for increased owner return if the owner chooses to operate the property full time.
The property has six self-service bays and 6 vacuum stations, coin changer, and dispensers for car wash accessories..
The property grossed $79,300 in sales in 2023 and returned Seller Discretionary Earnings of $42,000, for an asking cap rate of +/-9.33%. The current owner employs part-time help. There is potential for increased owner return if the owner chooses to operate the property full time.
The property has six self-service bays and 6 vacuum stations, coin changer, and dispensers for car wash accessories..
Property Facts
| Price | £352,103 | Building Class | C |
| Price Per SF | £141 | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| Net Initial Yield | 9.34% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2002 |
| Property Subtype | Car Wash | Tenancy | Single |
| Price | £352,103 |
| Price Per SF | £141 |
| Sale Type | Investment |
| Net Initial Yield | 9.34% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 2,500 SF |
| Number of Floors | 1 |
| Year Built | 2002 |
| Tenancy | Single |
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Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 1-018-056-254031-3-06-04 | Improvements Assessment | £32,060 |
| Land Assessment | £40,922 | Total Assessment | £72,982 |
PROPERTY TAXES
Parcel Number
1-018-056-254031-3-06-04
Land Assessment
£40,922
Improvements Assessment
£32,060
Total Assessment
£72,982
zoning
| Zoning Code | MX-L (formerly C-1) (Mixed-Use Low Intensity. Allows a wide variety of commercial and residential uses. Please check with Albuquerque Zoning to confirm uses.) |
| MX-L (formerly C-1) (Mixed-Use Low Intensity. Allows a wide variety of commercial and residential uses. Please check with Albuquerque Zoning to confirm uses.) |
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Alfredo Barrenechea -
Barbara Kline -
Absolute Investment Realty
(505) 346-6006
x701
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1221 San Pedro Dr SE
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