Stand-Alone Office
For Sale
$499,000
11920 Menaul Blvd NE, Albuquerque, NM 87112
MX-L-zoned office property with a gated rear yard, side access, and dedicated parking.
Property Size1,566 SF
Price / SF$318.65
Days on Market98
Property Features for 11920 Menaul Blvd NE
General Information
Standard status
Active
Size
1,566 SF
Total Parking Spaces
6
Property subtype
Office
Zoning
MX-L
Additional Details
Road Access
Yes
Amenities
kitchenette
private bathrooms
gated yard
Power
Water
Sewer
Natural Gas
6 Parking Spaces
Building Details
Buildings
1
Building Size
1,566 SF
Listing Agency:
Epic Real Estate
Listed By:
Mark Thompson
(505) 263-5350
Source:
Carnm.resimplifi
Added: Jul 8
Changed: Oct 1
Last Checked: Oct 12 at 4:38PM
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 Epic Real Estate
Investment Insights
Based on property information with market context.
This stand-alone office building contains 1,566 square feet with a front reception desk, kitchenette, and two private bathrooms. The property includes a private parking lot and a gated back yard that provides additional outdoor area behind the building.
Menaul frontage and side access support straightforward arrival and circulation. The rear yard is enclosed and offers an adaptable outdoor component alongside the office improvements. The property is zoned MX-L.
Menaul frontage and side access support straightforward arrival and circulation. The rear yard is enclosed and offers an adaptable outdoor component alongside the office improvements. The property is zoned MX-L.
Key Highlights
- 1,566‑square‑foot stand‑alone office building
- MX‑L zoning
- Private parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,803
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,060
$416.1K
Cap Rate 7%
$297,186
$297.2K
Cap Rate 9%
$231,144
$231.1K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$33.8K $21.60/SF
− Vacancy
−$6.1K −$3.89/SF
EGI
$27.7K $17.71/SF
− OpEx
−$6.9K −$4.43/SF
NOI
$20.8K $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%
$416,060
Cap Rate 7%
$297,186
Cap Rate 9%
$231,144
Alternative Uses
Best Use
Office B
$297.2K
$260.0K – $346.7K
NOI $20,803 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.8K
$331.5K – $442.0K
NOI $26,519 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
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 - MX-L-zoned office property with a gated rear yard, side access, and dedicated parking.
Where is this office building located?
The property is located at 11920 Menaul Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,566‑square‑foot stand‑alone office building; MX‑L zoning; Private parking lot
