NNN Investment
For Sale
Contact for pricing
1520 Lomas Blvd 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 Market196
Property Features for 1520 Lomas Blvd NW
General Information
Standard status
Active
Size
3,029 SF
Class
B
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
MX-L
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$66,000
Building Details
Year Built
1963
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Chris Venegas · License #51271
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 26 at 8:11AM
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 = 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
$43,540
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
5.44%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 Blvd 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.
