219 Central Ave NW, Albuquerque, NM
Unique office space in downtown Albuquerque's historic Banque Lofts.
- Added:
- Jul 23, 2025
- Days on Market:
- 328
- Last Refresh:
- May 20 at 9:08 pm
Property Features for 219 Central Ave NW
General Information
- Standard status
- Active
- Size
- 5,244 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Properties For Sale
at 219 Central Ave NW Contact usListing agent Terrie Hertweck CCIM License #13730 (505) 228-8818
Listing office Colliers | Albuquerque (505) 228-8818
Listing date Jul 23, 2025
Source Moodyscre
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 Colliers | Albuquerque
HighLights
- Landmark building designed by renowned architect Henry Charles Trost, offering unique architectural features and historical significance.
- Enjoy the ± 8,000 SF rooftop deck with 360‑degree city views and open‑air balconies.
- Exceptionally secure with on‑site security and key card access.
- Ideally located in Albuquerque's downtown business district, off historic Route 66.
- Attached breezeway access to adjacent 3rd Street parking garage.
- On‑site coffee shop (Mocha Joe's) located on the ground floor.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.4k | $22.20 |
| − Vacancy | −$8.7k | −$1.67 |
| EGI | $107.7k | $20.54 |
| − OpEx | −$32.3k | −$6.16 |
| NOI | $75.4k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.65
- Latitude
- 35.0847