6916 Montgomery Blvd NE, Albuquerque, NM
Office condo for sale with tenant improvement potential.
- Added:
- Apr 22, 2025
- Days on Market:
- 420
- Last Refresh:
- May 20 at 8:37 pm
Property Features for 6916 Montgomery Blvd NE
General Information
- Standard status
- Active
- Size
- 2,507 SF
- Lot size
- 0.60 Acres
- Property subtype
- OFFICE
Listing agent Steven Coe (505) 275-0933
Listing office COE Properties Inc (505) 275-0933
Listing date Apr 22, 2025
Source Moodyscre
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 COE Properties Inc
HighLights
- Entire unit can be vacant within the year, ideal for an owner‑occupant.
- Ten individual offices with a common area lobby and restrooms.
- Good visibility and signage potential from hard corner.
- Refrigerated air/central heat.
- Restrooms with shower stalls.
- Opportunity to collect rents while planning tenant improvements.
Overview
Local Financial Insights For Office B
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 | $54.2k | $21.60 |
| − Vacancy | −$9.7k | −$3.89 |
| EGI | $44.4k | $17.71 |
| − OpEx | −$11.1k | −$4.43 |
| NOI | $33.3k | $13.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.57
- Latitude
- 35.1303
