Multi-Tenant Mixed-Use
For Sale
$749,000
2 Marietta Ct, Edgewood, NM 87015
Fully leased property combines retail and professional office suites.
Property Size6,400 SF
Price / SF$117.03
Days on Market80
Property Features for 2 Marietta Ct
General Information
Standard status
Active
Size
6,400 SF
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Couture Brokerage
Listed By:
Toni-Lei Ponic · License #15258
(505) 321-3259
Source:
Findalbuquerqueproperties
Added: Jul 26
Changed: Oct 1
Last Checked: Oct 12 at 8:04PM
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
Investment Insights
Based on property information with market context.
This approximately 6,400-square-foot mixed-use commercial property contains multiple retail and professional office suites in a multi-tenant arrangement. Eight tenants occupy the building, with the tenancy spread across both retail and office uses. The property is fully leased, and the lease mix includes NNN structures.
Located at 2 Marietta Ct in Edgewood, the asset serves the East Mountains market. Its combination of retail and office occupancy creates a varied tenant roster within a single commercial property, while the existing lease structure supports an established operating profile.
Located at 2 Marietta Ct in Edgewood, the asset serves the East Mountains market. Its combination of retail and office occupancy creates a varied tenant roster within a single commercial property, while the existing lease structure supports an established operating profile.
Key Highlights
- Approximately 6,400 square feet of mixed‑use commercial space
- Eight tenants across retail and professional office suites
- 100% occupancy with the property fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,551
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,020
$1.2M
Cap Rate 7%
$850,729
$850.7K
Cap Rate 9%
$661,678
$661.7K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$103.7K $16.20/SF
− Vacancy
−$8.4K −$1.31/SF
EGI
$95.3K $14.89/SF
− OpEx
−$35.7K −$5.58/SF
NOI
$59.6K $9.30/SF
Area
Santa Fe County, NM
Vacancy
8.10%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,020
Cap Rate 7%
$850,729
Cap Rate 9%
$661,678
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 11.77%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $81,164 @ 7.0% cap · market cap 10.84%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,651 @ 7.0% cap · market cap 16.24%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 87015, NM
12,833
Population
6,593
Households
1.9
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
131.6 sq mi
ZIP Area
98
Density / Sq Mi
$72,681
Median Household Income
$48,270
Median Earnings
$891
Median Rent
$263,200
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines retail and professional office suites.
Where is this mixed-use property located?
The property is located at 2 Marietta Ct Edgewood, NM.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 6,400 square feet of mixed‑use commercial space; Eight tenants across retail and professional office suites; 100% occupancy with the property fully leased
