Open-Plan Flex
For Sale
$215,000
136 Washington St Unit H, Albuquerque, NM 87108
Adaptable commercial unit with exposed systems, plumbing connections, and convenient access to transit and neighborhood amenities.
Property Size1,200 SF
Price / SF$179.17
Days on Market57
Property Features for 136 Washington St Unit H
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Public Transit
Yes
Listing Agency:
Momentum Real Estate Group
Listed By:
Margaret L Henderson · License #54392
(505) 250-2364
Source:
Myabqhomesearch
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 12 at 8:39PM
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 Momentum Real Estate Group
Investment Insights
Based on property information with market context.
This 1,200 SF flex space has an open interior configuration with exposed ceiling elements and ductwork. The build-out includes a half bath, washer/dryer hookups, and plumbing stub-outs along the main wall, supporting layouts that require multiple water connections. Previous occupants included a veterinary dentistry practice and a tattoo studio.
The unit is located at 136 Washington St SE, Unit H, one block south of Central Avenue and the Albuquerque Rapid Transit line. Highland Station is nearby, with restaurants, shopping, and other Nob Hill amenities within walking distance. The combination of an adaptable floor plan, existing plumbing infrastructure, and transit-oriented setting supports a range of commercial, office, studio, retail, personal-service, or food-related concepts, subject to applicable approvals.
The unit is located at 136 Washington St SE, Unit H, one block south of Central Avenue and the Albuquerque Rapid Transit line. Highland Station is nearby, with restaurants, shopping, and other Nob Hill amenities within walking distance. The combination of an adaptable floor plan, existing plumbing infrastructure, and transit-oriented setting supports a range of commercial, office, studio, retail, personal-service, or food-related concepts, subject to applicable approvals.
Key Highlights
- 1,200 SF flex space at 136 Washington St SE #Unit H
- Open interior with exposed ceiling and ductwork
- Half bath plus washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,941
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,820
$318.8K
Cap Rate 7%
$227,729
$227.7K
Cap Rate 9%
$177,122
$177.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$4.7K −$3.89/SF
EGI
$21.3K $17.71/SF
− OpEx
−$5.3K −$4.43/SF
NOI
$15.9K $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%
$318,820
Cap Rate 7%
$227,729
Cap Rate 9%
$177,122
Alternative Uses
Best Use
Office B
$227.7K
$199.3K – $265.7K
NOI $15,941 @ 7.0% cap · market cap 7.41%
Second Best
Flex RnD
$152.4K
$133.4K – $177.8K
NOI $10,670 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$290.3K
$254.0K – $338.7K
NOI $20,321 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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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?
Flex space - Adaptable commercial unit with exposed systems, plumbing connections, and convenient access to transit and neighborhood amenities.
Where is this flex space located?
The property is located at 136 Washington St Unit H Albuquerque, NM.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,200 SF flex space at 136 Washington St SE #Unit H; Open interior with exposed ceiling and ductwork; Half bath plus washer/dryer hookups
