Three-Building Mixed-Use
1500 1508 S Bridge Boulevard SW SW Albuquerque, NM 87105
1500 1508 S Bridge Boulevard SW SW, Albuquerque, NM, 87105
$475,000
For Sale
$475,000
Mixed-use property featuring three separate buildings on three lots with parking, sold together as-is.
Property Size2,975 SF
Price / SF$159.66
Days on Market1798
Property Features for 1500 1508 S Bridge Boulevard SW SW
General Information
- Standard status
- Active
- Size
- 2,975 SF
- Property subtype
- Mixed Use
Listing agency
Sachs5th Real Estate & Auction
(505) 670-6688
Listed by
Karen Sachs-Padoven · License #54872
(505) 670-6688
Source
Xome
Added: Aug 20, 2021 Updated: Jul 21 at 2:51AM Checked: Jul 22 at 3:48AM
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 Sachs5th Real Estate & Auction
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes three separate buildings located on three lots, sold together under one price. The buildings and lots provide on-site parking and are being conveyed “as is,” with no guarantees or contingencies. Square footage is approximate, and the buyer is responsible for measuring if material to their decision.
The property is described as part of Lots One (1), Two (2), and Three (3) of Block 2 of the Hamilton Addition. The parcel identifiers provided are for lots 1 and 2, and lot 3, as listed in the remarks.
The address is 1500 and 1508 S Bridge Boulevard SW SW, Albuquerque, NM 87105.
The property is described as part of Lots One (1), Two (2), and Three (3) of Block 2 of the Hamilton Addition. The parcel identifiers provided are for lots 1 and 2, and lot 3, as listed in the remarks.
The address is 1500 and 1508 S Bridge Boulevard SW SW, Albuquerque, NM 87105.
Key Highlights
- Three separate buildings on three lots sold together as one package at the Five Points intersection of Bridge Blvd & Sunset
- 10 parking spaces with guest parking, on site
- Loading dock plus extra storage, with access via a paved road
Local Financial Insights For Mixed Use
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 | $50.0k | $16.80 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $45.0k | $15.12 |
| − OpEx | −$16.9k | −$5.67 |
| NOI | $28.1k | $9.45 |
2,975 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$401.6K
$351.4K – $468.6K
NOI $28,114 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.1K
$568.0K – $757.3K
NOI $45,439 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring three separate buildings on three lots with parking, sold together as-is.
Where is this mixed-use property located?
The property is located at 1500 1508 S Bridge Boulevard SW SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three separate buildings on three lots sold together as one package at the Five Points intersection of Bridge Blvd & Sunset; 10 parking spaces with guest parking, on site; Loading dock plus extra storage, with access via a paved road
