Standalone Office Building with Secure
For Sale
$1,240,000
1100 2nd St NW, Albuquerque, NM 87102
Flexible layout includes work areas, private offices, secured storage, and covered parking.
Property Size8,000 SF
Price / SF$155
Days on Market185
Property Features for 1100 2nd St NW
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Office
Zoning
MX-M
Listing Agency:
NAI SunVista
(505) 270-4386
Listed By:
Ben Nolte · License #51555
(505) 270-4386
Source:
Carnm.resimplifi
Added: Feb 25
Changed: Aug 28
Last Checked: Aug 29 at 5:52AM
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
Investment Insights
Based on property information with market context.
This standalone office building at 1100 2nd St NW provides 8,000 square feet with a combination of open workspace and enclosed offices. The interior includes two offices, a break room, a caged secure room, and two separate restrooms equipped with showers and lockers. Exposed lighting and ductwork contribute to the functional commercial layout.
The property also offers covered storage, a roll-up door, building signage, and 14 surface parking spaces. A brand-new roof with warranty is in place, along with 600 Amps of 208 V 3-Phase power. The property is zoned MX-M and located in Albuquerque, NM 87102.
The property also offers covered storage, a roll-up door, building signage, and 14 surface parking spaces. A brand-new roof with warranty is in place, along with 600 Amps of 208 V 3-Phase power. The property is zoned MX-M and located in Albuquerque, NM 87102.
Key Highlights
- 8,000‑square‑foot standalone office building at 1100 2nd St NW
- Two offices, open work areas, break room, and caged secure room
- Two restrooms with showers and lockers
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
$106,272
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
8.57%
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%
$2,125,440
$2.1M
Cap Rate 7%
$1,518,171
$1.5M
Cap Rate 9%
$1,180,800
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$31.1K −$3.89/SF
EGI
$141.7K $17.71/SF
− OpEx
−$35.4K −$4.43/SF
NOI
$106.3K $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%
$2,125,440
Cap Rate 7%
$1,518,171
Cap Rate 9%
$1,180,800
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,272 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$1.02M
$889.2K – $1.19M
NOI $71,136 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,475 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
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 - Flexible layout includes work areas, private offices, secured storage, and covered parking.
Where is this office building located?
The property is located at 1100 2nd St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: 8,000‑square‑foot standalone office building at 1100 2nd St NW; Two offices, open work areas, break room, and caged secure room; Two restrooms with showers and lockers
