Mission Revival Office
For Sale
$400,000
Pending
3104 Monte Vista Blvd NE, Albuquerque, NM 87106
Single-story professional workspace with private offices, basement storage, parking, and MX-T zoning for commercial or live-work use.
Property Size1,734 SF
Days on Market526
Property Features for 3104 Monte Vista Blvd NE
General Information
Standard status
Pending
Size
1,734 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
MX-T
Additional Details
Highway Access
Yes
Amenities
breakroom/kitchen
basement for storage
central heat and cooling
high-speed internet
Power
Water
Sewer
Natural Gas
8 Parking Spaces
Building Details
Year Built
1926
Stories
1
Tenancy
Single Tenant
Construction
Mission Revival
Listing Agency:
Keller Williams Realty - Academy
Listed By:
Lisa Godin
(505) 269-4584
Source:
Carnm.resimplifi
Added: May 6, 2025
Changed: Oct 7
Last Checked: Oct 12 at 4:40PM
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 - Academy
Investment Insights
Based on property information with market context.
Built in 1926, this 1,734-square-foot Mission Revival office property provides a single-story layout with 1–3 private offices, a breakroom or kitchen, wood and tile flooring, and a partially heated basement for storage or additional use. The building has received several functional updates, including a metal roof, electrical improvements, newer windows, central heating and refrigerated air, and high-speed internet. Off-street parking is also available.
The property is located in Albuquerque’s UNM/Nob Hill district with access to I-25 and I-40, UNM, UNMH, Presbyterian Hospital, Nob Hill, and Downtown. MX-T zoning supports Commercial/Professional use or a live-work configuration. Its current office setup and flexible layout accommodate a range of professional, medical, dental, creative, and service-oriented operations supported by the source information.
The property is located in Albuquerque’s UNM/Nob Hill district with access to I-25 and I-40, UNM, UNMH, Presbyterian Hospital, Nob Hill, and Downtown. MX-T zoning supports Commercial/Professional use or a live-work configuration. Its current office setup and flexible layout accommodate a range of professional, medical, dental, creative, and service-oriented operations supported by the source information.
Key Highlights
- 1,734‑square‑foot Mission Revival office property built in 1926
- MX‑T zoning supports Commercial/Professional use or live‑work
- Single‑story layout with 1–3 private offices and breakroom/kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,034
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,680
$460.7K
Cap Rate 7%
$329,057
$329.1K
Cap Rate 9%
$255,933
$255.9K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$37.5K $21.60/SF
− Vacancy
−$6.7K −$3.89/SF
EGI
$30.7K $17.71/SF
− OpEx
−$7.7K −$4.43/SF
NOI
$23.0K $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 Rate 5%
$460,680
Cap Rate 7%
$329,057
Cap Rate 9%
$255,933
Alternative Uses
Best Use
Office B
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$316.8K
$277.2K – $369.7K
NOI $22,179 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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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?
Office units - Single-story professional workspace with private offices, basement storage, parking, and MX-T zoning for commercial or live-work use.
Where is this office units located?
The property is located at 3104 Monte Vista Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,734‑square‑foot Mission Revival office property built in 1926; MX‑T zoning supports Commercial/Professional use or live‑work; Single‑story layout with 1–3 private offices and breakroom/kitchen
