101 Sun Ave NE Albuquerque, NM 87109
Office building with open layout, convenient location, and ample parking.
Property Features for 101 Sun Ave NE
General Information
- Standard status
- Active
- Size
- 12,078 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing office NAI SunVista (505) 338-9873
Listing date Apr 16, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Convenient location with easy access to Paseo del Norte, I‑25, and numerous amenities.
- Prestigious master‑planned business location in a campus environment with lush grounds.
- Open, collaborative layout with large conference and training rooms.
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 | $260.9k | $21.60 |
| − Vacancy | −$47.0k | −$3.89 |
| EGI | $213.9k | $17.71 |
| − OpEx | −$53.5k | −$4.43 |
| NOI | $160.4k | $13.28 |