Live-Work Property with Heated
230 Cynthia Loop NW, Albuquerque, NM 87114
For Sale
$399,000
Commercial Sale, Albuquerque, NM
Property Size1,509 SF
Price / SF$264.41
Days on Market138
Property Features for 230 Cynthia Loop NW
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
private balcony
covered patio
side yard
washer and dryer hookups
cabinetry
utility sink
Building Details
Floors in Building
Listing Agency:
Equity New Mexico
(505) 271-2228
Listed By:
John Paul de Oliveira · License NM #44580
(505) 620-4439
Added: Jun 25
Changed: Nov 9
Last Checked: Nov 9 at 10:06PM
MLS# 1113537
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,509-square-foot live-work condominium combines a heated warehouse bay with office and residential areas. A ground-floor private office includes a three-quarter bathroom. The upper level has two bedrooms, a full bathroom, and an open kitchen and living area; one bedroom opens to a private balcony. Washer and dryer hookups, cabinetry, and a utility sink are provided in the utility room.
Outside, the property includes a covered patio, side yard, cottonwood trees, and grass areas. The Rio Grande, walking trails, and Rail Runner train service are nearby, and Santa Fe is approximately an hour away. The stated zoning designation is ABQ Bernalillo.
Outside, the property includes a covered patio, side yard, cottonwood trees, and grass areas. The Rio Grande, walking trails, and Rail Runner train service are nearby, and Santa Fe is approximately an hour away. The stated zoning designation is ABQ Bernalillo.
Key Highlights
- 1,509‑square‑foot live‑work condominium
- Heated warehouse bay
- Ground‑floor private office with three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,927
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,540
$358.5K
Cap Rate 7%
$256,100
$256.1K
Cap Rate 9%
$199,189
$199.2K
Market Conditions
NOI Build-Up for 1,509 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$6.0K −$3.96/SF
EGI
$23.9K $15.84/SF
− OpEx
−$6.0K −$3.96/SF
NOI
$17.9K $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%
$358,540
Cap Rate 7%
$256,100
Cap Rate 9%
$199,189
Alternative Uses
Best Use
Office B
$256.1K
$224.1K – $298.8K
NOI $17,927 @ 7.0% cap · market cap 4.49%
Second Best
Mixed Use
$203.7K
$178.3K – $237.7K
NOI $14,260 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$312.0K
$273.0K – $364.0K
NOI $21,842 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
74
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 private office and residential quarters complement the heated commercial bay.
Where is this live-work space located?
The property is located at 230 Cynthia Loop NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,509‑square‑foot live‑work condominium; Heated warehouse bay; Ground‑floor private office with three‑quarter bathroom
