Live-Work Property with
2528 Coors Boulevard SW, Albuquerque, NM 87121
For Sale
$850,000
Pending
Commercial Sale, Albuquerque, NM
Property Size7,984 SF
Lot Size1.19 Acres
Days on Market1546
Property Features for 2528 Coors Boulevard SW
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
Maestas Real Estate Services
Listed By:
Anita Maestas · License NM #16029
(505) 463-3565
Added: Aug 18, 2022
Changed: Nov 9
Last Checked: Nov 10 at 6:06PM
MLS# 1031253
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 live-work property combines a 5,289-square-foot shop with a 2,705-square-foot single-family residence. The home has an open-concept floor plan and sits behind the shop on the property. The site is fully fenced, and the garage has two sliding doors at the north end of the building.
The 1.19-acre parcel fronts Coors Boulevard in Albuquerque and carries ABQ Bernalillo zoning.
The 1.19-acre parcel fronts Coors Boulevard in Albuquerque and carries ABQ Bernalillo zoning.
Key Highlights
- 5,289‑square‑foot shop space
- 2,705‑square‑foot single‑family residence with an open‑concept floor plan
- 1.19‑acre fully fenced property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,347
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,940
$1.5M
Cap Rate 7%
$1,090,671
$1.1M
Cap Rate 9%
$848,300
$848.3K
Market Conditions
NOI Build-Up for 7,984 SF
Gross rent
$143.7K $18.00/SF
− Vacancy
−$21.6K −$2.70/SF
EGI
$122.2K $15.30/SF
− OpEx
−$45.8K −$5.74/SF
NOI
$76.3K $9.56/SF
Area
ZIP 87121
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,940
Cap Rate 7%
$1,090,671
Cap Rate 9%
$848,300
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,072 @ 7.0% cap · market cap 9.89%
Second Best
Mixed Use
$1.09M
$954.3K – $1.27M
NOI $76,347 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,613 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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Business Placement
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
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 fenced property pairs a residence with shop space and two sliding-door garage access points.
Where is this live-work space located?
The property is located at 2528 Coors Boulevard SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,289‑square‑foot shop space; 2,705‑square‑foot single‑family residence with an open‑concept floor plan; 1.19‑acre fully fenced property
