Corner Office
For Sale
Contact for pricing
1101 Cardenas Drive NE #206, Albuquerque, NM 87110
A second-floor workspace combines a reception area, two windowed offices, and a kitchenette.
Property Size12,991 SF
Price / SF$0.08
Days on Market326
Property Features for 1101 Cardenas Drive NE #206
General Information
Standard status
Active
Size
12,991 SF
Property subtype
Office
Site & Location
Neighborhood
Mhi
Additional Details
Floor
2
Property Use
Office
Amenities
alarm system
auto locking doors
up and downstairs lobbies
indoor mailboxes
janitorial services
large shade trees
Listing Agency:
Limitless Realty, LLC
(505) 933-8888
Listed By:
Jennifer A Souhrada · License #38801
(505) 321-6796
Source:
Chrislucasabq
Added: Dec 15, 2025
Changed: Nov 4
Last Checked: Nov 5 at 6:50AM
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 Limitless Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 206 is a 896-square-foot corner office on the building’s second floor. Its layout includes a reception and work area, two private offices with windows, a kitchenette with a sink, and separate space for files and coats. There is also room for a break table and refrigerator.
Building features include an alarm system, automatic locking doors, lobby areas on both floors, and indoor mailboxes. Weekly janitorial service is available by arrangement. Shade trees surround the parking area, and the property is near San Pedro and Lomas.
Building features include an alarm system, automatic locking doors, lobby areas on both floors, and indoor mailboxes. Weekly janitorial service is available by arrangement. Shade trees surround the parking area, and the property is near San Pedro and Lomas.
Key Highlights
- 896‑square‑foot second‑floor corner office
- Reception and work area plus two private offices with windows
- Kitchenette with sink and room for a break table and refrigerator
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 17,257.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $219,995 @ 7.0% cap · market cap 21,999.50%
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 - A second-floor workspace combines a reception area, two windowed offices, and a kitchenette.
Where is this office unit located?
The property is located at 1101 Cardenas Drive NE #206 Albuquerque, NM.
What are key features of this property?
This property features: 896‑square‑foot second‑floor corner office; Reception and work area plus two private offices with windows; Kitchenette with sink and room for a break table and refrigerator
