Live-Work Property with Private
For Sale
$415,000
218 Cynthia Loop Unit C, Albuquerque, NM 87114
A two-level layout places business space below a two-bedroom residence with a kitchen, living room, and dining area.
Property Size2,060 SF
Price / SF$201.46
Days on Market18
Property Features for 218 Cynthia Loop Unit C
General Information
Standard status
Active
Size
2,060 SF
Site & Location
Neighborhood
Anv
Additional Details
Property Use
Live/Work
Listing Agency:
Maddox & Co/REALTORS
Listed By:
Liska Maddox · License #47587
(505) 270-5798
Source:
Myabqhomesearch
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 3:25PM
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 Maddox & Co/REALTORS
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Investment Insights
Based on property information with market context.
The ground floor provides open commercial space with private offices and an ADA bathroom. Above, the residential portion has two bedrooms, two full bathrooms, an open kitchen, and separate living and dining areas. Two balconies provide outdoor space with mountain views.
The HOA covers exterior maintenance, common areas, and trash service.
The HOA covers exterior maintenance, common areas, and trash service.
Key Highlights
- Ground‑floor commercial area includes private offices and an ADA bathroom
- Upstairs residence has 2 bedrooms and 2 full bathrooms
- Open kitchen, living room, and dining area on the residential level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,473
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,460
$489.5K
Cap Rate 7%
$349,614
$349.6K
Cap Rate 9%
$271,922
$271.9K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$40.8K $19.80/SF
− Vacancy
−$8.2K −$3.96/SF
EGI
$32.6K $15.84/SF
− OpEx
−$8.2K −$3.96/SF
NOI
$24.5K $11.88/SF
Area
ZIP 87114
Vacancy
20.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,460
Cap Rate 7%
$349,614
Cap Rate 9%
$271,922
Alternative Uses
Best Use
Office B
$349.6K
$305.9K – $407.9K
NOI $24,473 @ 7.0% cap · market cap 5.90%
Second Best
Mixed Use
$278.1K
$243.3K – $324.5K
NOI $19,467 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$426.0K
$372.7K – $497.0K
NOI $29,817 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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Business Placement
Demographics for 87114, NM
69,402
Population
28,038
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
3,321
Density / Sq Mi
$81,768
Median Household Income
$48,127
Median Earnings
$1,321
Median Rent
$296,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - A two-level layout places business space below a two-bedroom residence with a kitchen, living room, and dining area.
Where is this live-work space located?
The property is located at 218 Cynthia Loop Unit C Albuquerque, NM.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Ground‑floor commercial area includes private offices and an ADA bathroom; Upstairs residence has 2 bedrooms and 2 full bathrooms; Open kitchen, living room, and dining area on the residential level
