Fenced Live-Work
For Sale
$850,000
Pending
2528 Coors Blvd, Albuquerque, NM 87121
Manufacturing-zoned property combines a shop with a rear open-concept residence and secured site perimeter.
Property Size7,984 SF
Days on Market1359
Property Features for 2528 Coors Blvd
General Information
Standard status
Pending
Size
7,984 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Maestas Real Estate Services
Listed By:
Anita Maestas · License #16029
(505) 463-3565
Source:
Albuquerquehomefinders
Added: Jan 23, 2023
Changed: Oct 1
Last Checked: Oct 12 at 8:12PM
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 Maestas Real Estate Services
Investment Insights
Based on property information with market context.
This live-work property combines a 5,289-square-foot shop with a 2,705-square-foot single-family residence positioned toward the rear of the site. The shop includes garage space with two sliding doors at the north end, while the residence features an open-concept floor plan.
The property has frontage on Coors Boulevard and is fully fenced. Its manufacturing zoning supports the live-work configuration described, with separate residential and shop components within one secured property.
The property has frontage on Coors Boulevard and is fully fenced. Its manufacturing zoning supports the live-work configuration described, with separate residential and shop components within one secured property.
Key Highlights
- 5,289 SF shop space with garage area
- 2,705 SF single‑family residence at the rear
- Manufacturing zoning supports live‑work configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,347
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,940
$1.5M
Cap Rate 7%
$1,090,671
$1.1M
Cap Rate 9%
$848,300
$848.3K
Market Conditions
NOI Build-Up for 7,984 SF
Gross rent
$143.7K $18.00/SF
− Vacancy
−$21.6K −$2.70/SF
EGI
$122.2K $15.30/SF
− OpEx
−$45.8K −$5.74/SF
NOI
$76.3K $9.56/SF
Area
ZIP 87121
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,940
Cap Rate 7%
$1,090,671
Cap Rate 9%
$848,300
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,072 @ 7.0% cap · market cap 9.89%
Second Best
Mixed Use
$1.09M
$954.3K – $1.27M
NOI $76,347 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,613 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Manufacturing-zoned property combines a shop with a rear open-concept residence and secured site perimeter.
Where is this live-work space located?
The property is located at 2528 Coors Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,289 SF shop space with garage area; 2,705 SF single‑family residence at the rear; Manufacturing zoning supports live‑work configuration
