NE Heights Flexible Commercial
1307 Juan Tabo Blvd NE, Albuquerque, NM 87112
For Sale
$685,000
Flexible commercial space in NE Heights suitable for multiple uses.
Property Size3,792 SF
Price / SF$180.64
Days on Market232
Property Features for 1307 Juan Tabo Blvd NE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
NAI SunVista
Listed By:
Genieve Posen · License NM #53880
(505) 290-7413
Source:
Carnm.resimplifi
Added: Mar 24
Changed: Nov 4
Last Checked: Nov 10 at 5:04AM
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 NAI SunVista
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate is located in NE Heights and is suited for multiple uses. The property is a flexible space that can accommodate a variety of business needs.
Key Highlights
- Flexible space to suit your needs.
- NE Heights location.
- Suited for multiple uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,508
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,160
$1.1M
Cap Rate 7%
$778,686
$778.7K
Cap Rate 9%
$605,644
$605.6K
Market Conditions
NOI Build-Up for 3,792 SF
Gross rent
$84.2K $22.20/SF
− Vacancy
−$6.3K −$1.67/SF
EGI
$77.9K $20.54/SF
− OpEx
−$23.4K −$6.16/SF
NOI
$54.5K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,160
Cap Rate 7%
$778,686
Cap Rate 9%
$605,644
Alternative Uses
Best Use
Retail
$778.7K
$681.4K – $908.5K
NOI $54,508 @ 7.0% cap · market cap 7.96%
Second Best
Office B
$719.6K
$629.7K – $839.6K
NOI $50,373 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$917.4K
$802.7K – $1.07M
NOI $64,215 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
581
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
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space in NE Heights suitable for multiple uses.
Where is this mixed-use property located?
The property is located at 1307 Juan Tabo Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Flexible space to suit your needs.; NE Heights location.; Suited for multiple uses.
