230 Cynthia Loop NW #A, Albuquerque, NM 87114

Listing Agency: Real Broker, LLC Show Phone

Listed By: Missy Ashcraft Show Phone

Source: Missyashcraft

Added: Nov 6 Last Checked: Nov 6 at 2:45PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This commercially zoned condo brings together a heated warehouse bay, a private office, and residential space. The ground level includes the office and a large three-quarter bathroom. Upstairs, the layout has two bedrooms, a full bathroom, and an open kitchen and living area; one bedroom opens to a private balcony. A utility room offers washer and dryer hookups, cabinetry, and a sink.

Outside, a covered patio and side yard are set among cottonwood trees and grass areas. The property is near the Rio Grande, walking trails, and Rail Runner service, with Santa Fe approximately an hour away.

Key Highlights

• Heated warehouse bay within a commercially zoned condo
• Downstairs private office with a three‑quarter bathroom
• Two upstairs bedrooms, including one with a private balcony

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

Is this asking price fair?

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 (±1% cap)

NOI $17,927 @ 7.0% cap · market cap 4.49%

Second Best

Mixed Use

$203.7K

$178.3K – $237.7K (±1% cap)

NOI $14,260 @ 7.0% cap · market cap 3.57%

Theoretical Best

Office A

$312.0K

$273.0K – $364.0K (±1% cap)

NOI $21,842 @ 7.0% cap · market cap 5.47%

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

Good And Thorough Foods Restaurant Ferrellgas Propane Supplier

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - Commercial zoning combines dedicated work areas with two-bedroom residential quarters.

Where is this live-work space located?

The property is located at 230 Cynthia Loop NW #A 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: Heated warehouse bay within a commercially zoned condo; Downstairs private office with a three‑quarter bathroom; Two upstairs bedrooms, including one with a private balcony