4665 Irving Blvd NW, Albuquerque, NM
NNN property with long-term lease and no landlord responsibilities.
- Added:
- Mar 25, 2025
- Days on Market:
- 448
- Last Refresh:
- May 20 at 9:27 pm
Property Features for 4665 Irving Blvd NW
General Information
- Standard status
- Active
- Size
- 16,464 SF
- Lot size
- 1.84 Acres
- Property subtype
- SPECIALTY
Listing agent Flora Koller (330) 645-5335
Listing office Western States Commercial Real Estate (330) 645-5335
Listing date Mar 25, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Western States Commercial Real Estate
HighLights
- Absolute NNN Lease Structure, offering zero landlord responsibilities
- Attractive 7.00% Cap Rate
- Strong Net Operating Income (NOI) of $230,496
- Lease Term Ending 12/31/2028
- Substantial Rentable Square Footage: 16,464 SF
- Large Land Size: 2.3 Acres
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.5k | $22.20 |
| − Vacancy | −$27.4k | −$1.67 |
| EGI | $338.1k | $20.54 |
| − OpEx | −$101.4k | −$6.16 |
| NOI | $236.7k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.679
- Latitude
- 35.2007
