Remodeled Office Unit with Conference
For Sale
$325,000
2730 San Pedro Drive Ne E, Albuquerque, NM 87110
Configured commercial office space with private offices, meeting facilities, staff amenities, and controlled access.
Property Size1,848 SF
Price / SF$175.87
Days on Market12
Property Features for 2730 San Pedro Drive Ne E
General Information
Standard status
Active
Size
1,848 SF
Additional Details
Office Units
1
Listing Agency:
Keller Williams Realty
(719) 243-1845
Listed By:
Francesco R Crisafulli · License #52423
Source:
Thesouthwestlife
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 25 at 5:44AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,840-square-foot office unit at 2730 San Pedro Drive NE, Suite E, has been recently remodeled and arranged for immediate office use. The layout includes a reception area, seven offices, a conference room, break room, kitchen/pantry, and two restrooms. The kitchen/pantry includes new cabinets, a refrigerator, and a dishwasher.
Building improvements include LED panel lighting with remote controls, a 75-inch touch screen monitor in the conference room, and a radon mitigation system that is installed and functioning. Secure entry is provided through magnetic locks, key fobs, and a deadbolt. The property also offers ample parking for staff and clients and is located near shopping, dining, and major business hubs in Albuquerque.
Building improvements include LED panel lighting with remote controls, a 75-inch touch screen monitor in the conference room, and a radon mitigation system that is installed and functioning. Secure entry is provided through magnetic locks, key fobs, and a deadbolt. The property also offers ample parking for staff and clients and is located near shopping, dining, and major business hubs in Albuquerque.
Key Highlights
- Recently remodeled 1,840‑square‑foot office unit
- Seven offices plus reception, conference room, break room, kitchen/pantry, and 2 restrooms
- Conference room accommodates 16+ and includes a 75‑inch touch screen monitor
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
$24,549
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
7.55%
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%
$490,980
$491.0K
Cap Rate 7%
$350,700
$350.7K
Cap Rate 9%
$272,767
$272.8K
Market Conditions
NOI Build-Up for 1,848 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
$39.9K $21.60/SF
− Vacancy
−$7.2K −$3.89/SF
EGI
$32.7K $17.71/SF
− OpEx
−$8.2K −$4.43/SF
NOI
$24.5K $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 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%
$490,980
Cap Rate 7%
$350,700
Cap Rate 9%
$272,767
Alternative Uses
Best Use
Office B
$350.7K
$306.9K – $409.2K
NOI $24,549 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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 units - Configured commercial office space with private offices, meeting facilities, staff amenities, and controlled access.
Where is this office units located?
The property is located at 2730 San Pedro Drive Ne E Albuquerque, NM.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Recently remodeled 1,840‑square‑foot office unit; Seven offices plus reception, conference room, break room, kitchen/pantry, and 2 restrooms; Conference room accommodates 16+ and includes a 75‑inch touch screen monitor
