1003 Luna Circle NW Albuquerque, NM 87102
Efficient office layout with reception and private offices for professional users seeking a client-facing setting near courthouses.
Property Features for 1003 Luna Circle NW
General Information
- Standard status
- Active
- Size
- 1,819 SF
- Property subtype
- Office
Listing office Resolut RE Albuquerque (505) 259-9989
Listing date Jun 3, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Resolut RE Albuquerque
Investment Insights
Based on property information with market context.
The property is positioned within walking distance of Downtown Albuquerque and the Bernalillo County courthouses. This proximity can be especially practical for courthouse-related practices and services that benefit from convenient access for clients and appointments. The setting is described as private and quiet, reinforcing its suitability for sensitive or appointment-based professional work.
The space is a strong fit for attorneys and small law firms seeking immediate courthouse proximity, as well as legal support services such as mediation, title, and document preparation. It also aligns well with consulting, financial advisory, and other boutique professional users who want an established, client-ready office presence. For owner-users, the property’s intimate footprint can support independence and brand identity while providing a turnkey operating environment.
Key Highlights
- Boutique professional office building at 1003 Luna Circle
- Walking distance to Downtown Albuquerque and the Bernalillo County courthouses
- Well‑maintained building with an efficient, highly functional layout
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.3k | $21.60 |
| − Vacancy | −$7.1k | −$3.89 |
| EGI | $32.2k | $17.71 |
| − OpEx | −$8.1k | −$4.43 |
| NOI | $24.2k | $13.28 |
