NNN-Leased Office
1001 Coal Avenue Southeast, Albuquerque, NM 87106
For Sale
Contact for pricing
The office property is subject to a long-term triple-net lease.
Property Size14,650 SF
Lot Size1.12 Acres
Price / SF$296.93
Days on Market53
Property Features for 1001 Coal Avenue Southeast
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Gross Income
Building Details
Building Size
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 23
Changed: Oct 29
Last Checked: Nov 12 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
The office building contains approximately 14,650 rentable square feet on an estimated 1.12-acre parcel. It is leased under a triple-net agreement with an 8.01-year term that began October 1, 2024.
Key Highlights
- Approximately 14,650 rentable square feet
- Estimated 1.12‑acre parcel
- 8.01‑year triple‑net lease commenced 10/1/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,611
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,892,220
$3.9M
Cap Rate 7%
$2,780,157
$2.8M
Cap Rate 9%
$2,162,344
$2.2M
Market Conditions
NOI Build-Up for 14,650 SF
Gross rent
$316.4K $21.60/SF
− Vacancy
−$57.0K −$3.89/SF
EGI
$259.5K $17.71/SF
− OpEx
−$64.9K −$4.43/SF
NOI
$194.6K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,892,220
Cap Rate 7%
$2,780,157
Cap Rate 9%
$2,162,344
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.24M
NOI $194,611 @ 7.0% cap · market cap 4.47%
Second Best
Healthcare Medical
$2.68M
$2.34M – $3.12M
NOI $187,385 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $248,089 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,856
Businesses Nearby
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Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Market
Properties on Market for Office buildings in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The office property is subject to a long-term triple-net lease.
Where is this office building located?
The property is located at 1001 Coal Avenue Southeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Approximately 14,650 rentable square feet; Estimated 1.12‑acre parcel; 8.01‑year triple‑net lease commenced 10/1/2024
