Gated Two-Building Office
For Sale
Contact for pricing
1111 Menaul Boulevard Northeast, Albuquerque, NM 87107
Fenced grounds include covered outdoor areas and a covered parking area.
Property Size23,304 SF
Price / SF$163.94
Days on Market28
Property Features for 1111 Menaul Boulevard Northeast
General Information
Standard status
Active
Size
23,304 SF
Property subtype
Office
Amenities
Fenced and gated campus
Outdoor covered areas
Building Details
Buildings
2
Listing Agency:
NAI Sun Vista
Listed By:
Lauren Landavazo · License #REC20220897
(505) 227-0585
Source:
Crexi
Added: Sep 10
Changed: Oct 7
Last Checked: Oct 7 at 12:37PM
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 Sun Vista
Investment Insights
Based on property information with market context.
This office property comprises two separate buildings within a fenced and gated campus. Building A contains ±15,263 SF, while Building B contains ±8,041 SF, providing a combined office configuration across the site.
The property also includes outdoor covered areas and a covered parking area. Located at 1111 Menaul Boulevard Northeast in Albuquerque, the campus offers a defined office setting with controlled site access.
The property also includes outdoor covered areas and a covered parking area. Located at 1111 Menaul Boulevard Northeast in Albuquerque, the campus offers a defined office setting with controlled site access.
Key Highlights
- Two‑building office campus at 1111 Menaul Boulevard Northeast
- Building A: ±15,263 SF
- Building B: ±8,041 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,570
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,191,400
$6.2M
Cap Rate 7%
$4,422,429
$4.4M
Cap Rate 9%
$3,439,667
$3.4M
Market Conditions
NOI Build-Up for 23,304 SF
Gross rent
$503.4K $21.60/SF
− Vacancy
−$90.6K −$3.89/SF
EGI
$412.8K $17.71/SF
− OpEx
−$103.2K −$4.43/SF
NOI
$309.6K $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%
$6,191,400
Cap Rate 7%
$4,422,429
Cap Rate 9%
$3,439,667
Alternative Uses
Best Use
Office B
$4.42M
$3.87M – $5.16M
NOI $309,570 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.64M
$4.93M – $6.58M
NOI $394,639 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fenced grounds include covered outdoor areas and a covered parking area.
Where is this office building located?
The property is located at 1111 Menaul Boulevard Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,820,364.
What are key features of this property?
This property features: Two‑building office campus at 1111 Menaul Boulevard Northeast; Building A: ±15,263 SF; Building B: ±8,041 SF
