Eight-Unit Mixed-Use
For Sale
Contact for pricing
117 Richmond Dr SE, Albuquerque, NM 87106
Two-story live-work suites pair residential space with dedicated work areas in Albuquerque’s Nob Hill community.
Property SizeContact for details
Days on Market145
Property Features for 117 Richmond Dr SE
General Information
Standard status
Active
Property subtype
Mixed Use
Listing Agency:
N.M. Apartments, Inc.
(505) 440-8633
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 6:52AM
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 N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
Richmond Studios is an eight-unit mixed-use property at 117 Richmond Dr SE in Albuquerque. Built in 2006, the two-story development combines living and work areas within each suite, with individual spaces ranging from 889 to 1,048 square feet. Hardwood flooring and a clean, contemporary architectural approach define the interiors and common design language.
The property sits in Albuquerque’s Nob Hill community and records walk, bike, and transit scores of 89, 94, and 49, respectively. The development received the AIA Albuquerque 2007 Urban Design award. Financial metrics provided for the property include a 17.90 GRM and a 4.51% cap rate based on current operating assumptions.
The property sits in Albuquerque’s Nob Hill community and records walk, bike, and transit scores of 89, 94, and 49, respectively. The development received the AIA Albuquerque 2007 Urban Design award. Financial metrics provided for the property include a 17.90 GRM and a 4.51% cap rate based on current operating assumptions.
Key Highlights
- Eight‑unit mixed‑use/live‑work development at 117 Richmond Dr SE
- Suite sizes range from 889 sf to 1,048 sf
- Built in 2006 with two‑story layouts and hardwood floors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story live-work suites pair residential space with dedicated work areas in Albuquerque’s Nob Hill community.
Where is this mixed-use property located?
The property is located at 117 Richmond Dr SE Albuquerque, NM.
What are key features of this property?
This property features: Eight‑unit mixed‑use/live‑work development at 117 Richmond Dr SE; Suite sizes range from 889 sf to 1,048 sf; Built in 2006 with two‑story layouts and hardwood floors
