Office Campus with Conference
For Sale
Contact for pricing
101 Sun Ave NE, Albuquerque, NM 87109
Owner-user office building on a campus setting, built in 1995 and renovated in 2015 with large conference and training rooms.
Property Size12,078 SF
Price / SF$198.63
Days on Market541
Property Features for 101 Sun Ave NE
General Information
Standard status
Active
Size
12,078 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
Large conference and training rooms
Additional conference room with coffee bar and gas fireplace
Break room
Building Details
Year Built
1995
Year Renovated
2015
Listing Agency:
NAI SunVista - Albuquerque
(505) 878-0001
Listed By:
Danaë Fernandez
(505) 604-8766
Source:
Moodyscre
Added: Mar 13, 2025
Changed: Sep 4
Last Checked: Sep 2 at 12:50AM
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 NAI SunVista - Albuquerque
Investment Insights
Based on property information with market context.
This office campus-style property was built in 1995 and renovated in 2015. The interior features an open, collaborative layout designed for day-to-day work, along with multiple large conference and training rooms for group meetings. Additional amenities include a break room and another conference room with a coffee bar and gas fireplace, with finished interiors throughout.
The building provides multiple access points for convenience. Roofing is comprised of TPO and metal materials.
Offered as an owner-user opportunity, the property is positioned for convenient access to Paseo del Norte, I-25, and nearby amenities within a master-planned business environment.
The building provides multiple access points for convenience. Roofing is comprised of TPO and metal materials.
Offered as an owner-user opportunity, the property is positioned for convenient access to Paseo del Norte, I-25, and nearby amenities within a master-planned business environment.
Key Highlights
- Owner‑user office building built in 1995 and renovated in 2015
- Large conference and training rooms, plus an additional conference room with a coffee bar and gas fireplace
- Campus setting with lush grounds and an open, collaborative layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$160,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,208,880
$3.2M
Cap Rate 7%
$2,292,057
$2.3M
Cap Rate 9%
$1,782,711
$1.8M
Market Conditions
NOI Build-Up for 12,078 SF
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.
Gross rent
$260.9K $21.60/SF
− Vacancy
−$47.0K −$3.89/SF
EGI
$213.9K $17.71/SF
− OpEx
−$53.5K −$4.43/SF
NOI
$160.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,208,880
Cap Rate 7%
$2,292,057
Cap Rate 9%
$1,782,711
Alternative Uses
Best Use
Office B
$2.29M
$2.01M – $2.67M
NOI $160,444 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,534 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Owner-user office building on a campus setting, built in 1995 and renovated in 2015 with large conference and training rooms.
Where is this office building located?
The property is located at 101 Sun Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Owner‑user office building built in 1995 and renovated in 2015; Large conference and training rooms, plus an additional conference room with a coffee bar and gas fireplace; Campus setting with lush grounds and an open, collaborative layout
