Investing in Karmo (Karimo) Model Market: What the Numbers Say — and Why It Could Be a Smart Play
- pideh2
- 20 hours ago
- 2 min read
If you’re looking for a cash-flowing commercial asset in Abuja that’s tied to everyday demand, a shop or stall inside Karmo (Karimo) Model Market deserves a serious look.
The market is positioned as one of Abuja’s busiest commercial hubs, attracting steady foot traffic from traders, residents, and business owners—exactly the kind of environment that supports consistent rental demand and strong shop turnover.
Below is a clear breakdown of available shop types and what they can mean for an investor especially those based in the diaspora (These are the “all-in” reference prices you should budget with).
Current Opportunities
1) 9 sqm shops (Second Floor only)
Best for: phone/accessories, mini retail, small services, storage-focused operators
Buy: ₦7,665,000
Rent: ₦330,750 / year
Illustrative gross rent yield: ~4.3%/yr
18sq meter shop front
2) 18 sqm shops (More flexible for “serious” retail)
Ground Floor
Buy: ₦19,320,000
Rent: ₦661,500 / year
Illustrative gross rent yield: ~3.4%/yr
First Floor
Buy: ₦18,690,000
Rent: ₦567,000 / year
Illustrative gross rent yield: ~3.0%/yr
3) Premium shops (60 sqm) — for brands and high-traffic businesses
Ground Floor
Buy: ₦61,950,000
Rent: ₦2,205,000 / year
Illustrative gross rent yield: ~3.6%/yr
First Floor
Buy: ₦60,900,000
Rent: ₦1,890,000 / year
Illustrative gross rent yield: ~3.1%/yr
Luxury Duplex
4) Luxury duplex units (mixed-use potential)
Best for: offices, larger operations, multi-room business setups
Buy: ₦89,565,000
Rent: ₦4,725,000 / year
Illustrative gross rent yield: ~5.3%/yr
Ware House
5) Warehouse space (logistics + bulk storage demand)
Best for: distribution, wholesale, e-commerce stockholding, suppliers
Buy: ₦89,565,000
Rent: ₦5,250,000 / year
Illustrative gross rent yield: ~5.9%/yr
Warehouse view
Important: Availability changes quickly and prices are subject to confirmation in-market.
Why a Karmo Market Shop Can Perform Well as an Investment
It’s demand-driven real estate
Markets thrive on essentials: food, household items, services, logistics, repairs—businesses people use even when the economy is tight. That means tenants tend to renew, and new traders keep entering.
Floor position affects performance
Ground floor typically delivers the strongest visibility (and often the easiest letting).
First/second floors can still do well when the tenant has repeat customers, uses signage well, or runs a service/warehouse-style operation.
Multiple strategies: cashflow or capital preservation
You can:
Buy and rent (steady annual income), or
Buy and operate (use the space for your own business), or
Buy and hold (commercial assets in busy corridors often preserve value well over time).
(Those “gross yield” figures above are simple comparisons using the listed annual rent vs listed buying price real returns depend on occupancy, service charges, fit-out costs, maintenance, and tenant quality.)
How AbujaCity.com Helps Investors Buy the Right Shop (Without Guesswork)
AbujaCity.com can assist serious buyers to:
identify the best shop size and floor for your budget and strategy
connect you to the right channels for availability confirmation and inspection
guide you through a practical buying process so you can secure a shop that matches your goals whether it’s rental income, owner-occupier use, or long-term holding
Next Step: Join the WhatsApp Enquiry Group (Fast Updates + Assistance)
If you want current availability, inspection guidance, and updates as units get taken, join the official Friends of Abuja Business Opportunity group here:
And for enquiries via AbujaCity:
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