MX-T-Zoned
For Sale
$518,800
1200 Edith Blvd SE, Albuquerque, NM 87102
Four-unit residential income property with existing improvements and MX-T zoning.
Property Size3,000 SF
Price / SF$174.39
Days on Market109
Property Features for 1200 Edith Blvd SE
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multifamily
Zoning
MX-T
Additional Details
Multifamily Units
4
Building Details
Building Size
3,000 SF
Year Built
1942
Buildings
1
Listing Agency:
SVN | Walt Arnold Commercial Brokerage, Inc.
(505) 256-1255
Listed By:
Kim Lantz · License #NM #REC-2026-0269
Source:
Svn
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 9:45AM
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 SVN | Walt Arnold Commercial Brokerage, Inc.
Investment Insights
Based on property information with market context.
This quadplex includes 2,975 square feet of building area configured as four units. The improvements date to 1942, providing an established residential income asset rather than a vacant development site.
Located at 1200 Edith Blvd SE in Albuquerque, New Mexico, the property carries MX-T zoning. The zoning designation and four-unit configuration are the primary defining characteristics of this residential property.
Located at 1200 Edith Blvd SE in Albuquerque, New Mexico, the property carries MX-T zoning. The zoning designation and four-unit configuration are the primary defining characteristics of this residential property.
Key Highlights
- Four‑unit quadplex configuration
- 2,975 SF building area
- Built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,158
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,160
$543.2K
Cap Rate 7%
$387,971
$388.0K
Cap Rate 9%
$301,756
$301.8K
Market Conditions
NOI Build-Up for 2,975 SF
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.
Gross rent
$41.1K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$38.8K $13.04/SF
− OpEx
−$11.6K −$3.91/SF
NOI
$27.2K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,160
Cap Rate 7%
$387,971
Cap Rate 9%
$301,756
Alternative Uses
Best Use
Multifamily LT 5
$388.0K
$339.5K – $452.6K
NOI $27,158 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$359.0K
$314.1K – $418.8K
NOI $25,129 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$719.7K
$629.8K – $839.7K
NOI $50,380 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with existing improvements and MX-T zoning.
Where is this quadplex located?
The property is located at 1200 Edith Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $518,800.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 2,975 SF building area; Built in 1942
