Office Unit with
For Sale
Contact for pricing
1101 Cardenas Drive NE #103, Albuquerque, NM 87110
The first-floor suite offers a windowed work area, a large storage closet, and a kitchenette.
Property Size12,991 SF
Price / SF$0.04
Days on Market114
Property Features for 1101 Cardenas Drive NE #103
General Information
Standard status
Active
Size
12,991 SF
Property subtype
Office
Site & Location
Neighborhood
Mhi
Additional Details
Floor
First Floor
Property Use
Office
Amenities
Large Work Area
Conference Room
Private Office
Large storage closet
Natural Light
Windows
Kitchenette
Listing Agency:
Limitless Realty, LLC
(505) 933-8888
Listed By:
Jennifer A Souhrada · License #38801
(505) 321-6796
Source:
1stclassrealtyofsantafe
Added: Jul 15
Changed: Nov 5
Last Checked: Nov 5 at 5:57AM
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 Limitless Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 103 is a 401-square-foot office unit on the first floor. Its layout includes a spacious work area that can function as a private office or accommodate two desks, along with a large storage closet and kitchenette. Windows provide natural light, and the work area can also serve as a conference room.
The suite is located at 1101 Cardenas Drive NE in Albuquerque. It is available for showing to prospective tenants.
The suite is located at 1101 Cardenas Drive NE in Albuquerque. It is available for showing to prospective tenants.
Key Highlights
- 401‑square‑foot first‑floor office unit
- Kitchenette, a feature present in only a few offices
- Windowed work area with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,572
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,451,440
$3.5M
Cap Rate 7%
$2,465,314
$2.5M
Cap Rate 9%
$1,917,467
$1.9M
Market Conditions
NOI Build-Up for 12,991 SF
Gross rent
$280.6K $21.60/SF
− Vacancy
−$50.5K −$3.89/SF
EGI
$230.1K $17.71/SF
− OpEx
−$57.5K −$4.43/SF
NOI
$172.6K $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%
$3,451,440
Cap Rate 7%
$2,465,314
Cap Rate 9%
$1,917,467
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,572 @ 7.0% cap · market cap 34,514.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $219,995 @ 7.0% cap · market cap 43,999.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The first-floor suite offers a windowed work area, a large storage closet, and a kitchenette.
Where is this office unit located?
The property is located at 1101 Cardenas Drive NE #103 Albuquerque, NM.
What are key features of this property?
This property features: 401‑square‑foot first‑floor office unit; Kitchenette, a feature present in only a few offices; Windowed work area with natural light
