NNN Investment
For Sale
$800,000
1520 Lomas Boulevard NW, Albuquerque, NM 87104
Stabilized commercial asset with 8.25% cap rate and NNN lease.
Property Size3,029 SF
Price / SF$264.11
Days on Market201
Property Features for 1520 Lomas Boulevard NW
General Information
Standard status
Active
Size
3,029 SF
Listing Agency:
Keller Williams Realty
Listed By:
The Venegas Group
(505) 591-0717
Source:
Thesouthwestlife
Added: Mar 27
Changed: Oct 5
Last Checked: Oct 7 at 4:57PM
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 commercial asset presents an opportunity to acquire a stabilized property with an 8.25% cap rate. The property is supported by a 5-year NNN lease. Situated directly off Lomas and Central, the location benefits from high vehicle counts, excellent visibility, and prominent signage along a major retail corridor. The property has a strong lease history and is zoned and configured for a variety of retail uses, offering long-term flexibility and future leasing upside. The property size is 3029 square feet. This property is located in Albuquerque, NM. It is suitable for investors seeking dependable cash flow in a high-traffic, highly visible retail location.
Key Highlights
- High 8.25% Cap Rate: Provides a strong return on investment.
- Stabilized NNN Lease: Offers dependable cash flow with a 5‑year lease in place.
- Prime Location: Situated directly off Lomas and Central with high traffic counts and excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,540
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,800
$870.8K
Cap Rate 7%
$622,000
$622.0K
Cap Rate 9%
$483,778
$483.8K
Market Conditions
NOI Build-Up for 3,029 SF
Gross rent
$67.2K $22.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$62.2K $20.54/SF
− OpEx
−$18.7K −$6.16/SF
NOI
$43.5K $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%
$870,800
Cap Rate 7%
$622,000
Cap Rate 9%
$483,778
Alternative Uses
Best Use
Retail
$622.0K
$544.3K – $725.7K
NOI $43,540 @ 7.0% cap · market cap 5.44%
Second Best
Office B
$574.8K
$503.0K – $670.6K
NOI $40,237 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$732.8K
$641.2K – $854.9K
NOI $51,294 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Stabilized commercial asset with 8.25% cap rate and NNN lease.
Where is this nnn property located?
The property is located at 1520 Lomas Boulevard NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High 8.25% Cap Rate: Provides a strong return on investment.; Stabilized NNN Lease: Offers dependable cash flow with a 5‑year lease in place.; Prime Location: Situated directly off Lomas and Central with high traffic counts and excellent visibility.
