Second-Story Office
For Sale
Contact for pricing
3007 LOUISIANA Boulevard NE, Albuquerque, NM 87110
Modified gross terms include landlord-paid utilities and trash service.
Property Size1,530 SF
Price / SF$1.17
Days on Market714
Property Features for 3007 LOUISIANA Boulevard NE
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Office
Space & Availability
Floor
2
Condition
Move-in Ready
Site & Location
Neighborhood
Mss
Utilities to Site
Yes
Listing Agency:
Couture Brokerage
Listed By:
Toni-Lei Renee Ponic · License #15258
(505) 321-3259
Source:
1stclassrealtyofsantafe
Added: Nov 22, 2024
Changed: Nov 5
Last Checked: Nov 5 at 4:34AM
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 Couture Brokerage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Second-story office space is available in Suite C at 3007 Louisiana Boulevard NE. The 565-square-foot suite is described as move-in ready and offered on a modified gross basis, with the landlord covering gas, electricity, water, sewer, and trash.
The property sits at the corner of Candelaria and Louisiana in Albuquerque, New Mexico.
The property sits at the corner of Candelaria and Louisiana in Albuquerque, New Mexico.
Key Highlights
- 565‑square‑foot second‑story Suite C
- Modified gross lease structure
- Landlord pays gas, electric, water, sewer, and trash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,325
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$33.0K $21.60/SF
− Vacancy
−$5.9K −$3.89/SF
EGI
$27.1K $17.71/SF
− OpEx
−$6.8K −$4.43/SF
NOI
$20.3K $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%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Office B
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 1,138.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.1K
$323.9K – $431.8K
NOI $25,910 @ 7.0% cap · market cap 1,451.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
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
Frequently Asked Questions
What type of property is this?
Office unit - Modified gross terms include landlord-paid utilities and trash service.
Where is this office unit located?
The property is located at 3007 LOUISIANA Boulevard NE Albuquerque, NM.
What are key features of this property?
This property features: 565‑square‑foot second‑story Suite C; Modified gross lease structure; Landlord pays gas, electric, water, sewer, and trash
