Four-Suite Mixed-Use
For Sale
Contact for pricing
2715 4th Street Northwest, Albuquerque, NM 87107
Fully leased commercial building with updated roofing, paint, and evaporative cooling systems.
Property Size2,400 SF
Price / SF$216.67
Days on Market53
Property Features for 2715 4th Street Northwest
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail, Office, Mixed Use
Occupancy
100%
Net Operating Income
$39,025
Financials
Cap Rate
7.5%
Gross Income
$47,232
Additional Details
Traffic Count
15,566 vehicles/day
Office Units
4
Building Details
Buildings
1
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Berkshire Hathaway New Mexico Commercial Division
Listed By:
Christian File · License #51587
(505) 289-0549
Source:
Crexi
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 20 at 8:09PM
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 Berkshire Hathaway New Mexico Commercial Division
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Investment Insights
Based on property information with market context.
Located at 2715 4th Street Northwest, this approximately 2,400 SF mixed-use property contains four retail and office suites. The building is 100% leased, with tenants responsible for utilities, water, trash, CAM, and landscaping. Recent work includes a new roof, fresh interior and exterior paint, and new evaporative coolers serving all four suites.
Suite 1 measures approximately 768 SF and includes two private offices, a waiting area, breakroom, and two bathrooms, supporting an owner-user configuration while the remaining three suites stay leased. The property sits along the 4th Street corridor, which records approximately 15,566 VPD, and is one block from a 300-unit Class B+ apartment development currently underway. The current offering reflects a 7.50% cap rate.
Suite 1 measures approximately 768 SF and includes two private offices, a waiting area, breakroom, and two bathrooms, supporting an owner-user configuration while the remaining three suites stay leased. The property sits along the 4th Street corridor, which records approximately 15,566 VPD, and is one block from a 300-unit Class B+ apartment development currently underway. The current offering reflects a 7.50% cap rate.
Key Highlights
- Approximately 2,400 SF mixed‑use property with four retail and office suites
- 100% leased with tenants paying utilities, water, trash, CAM and landscaping
- Suite 1 includes approximately 768 SF, two private offices, waiting area, breakroom and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,499
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,980
$690.0K
Cap Rate 7%
$492,843
$492.8K
Cap Rate 9%
$383,322
$383.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$49.3K $20.54/SF
− OpEx
−$14.8K −$6.16/SF
NOI
$34.5K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,980
Cap Rate 7%
$492,843
Cap Rate 9%
$383,322
Alternative Uses
Best Use
Retail
$492.8K
$431.2K – $575.0K
NOI $34,499 @ 7.0% cap · market cap 6.63%
Second Best
Office B
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$580.6K
$508.0K – $677.4K
NOI $40,643 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
15,566 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building with updated roofing, paint, and evaporative cooling systems.
Where is this mixed-use property located?
The property is located at 2715 4th Street Northwest Albuquerque, NM.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Approximately 2,400 SF mixed‑use property with four retail and office suites; 100% leased with tenants paying utilities, water, trash, CAM and landscaping; Suite 1 includes approximately 768 SF, two private offices, waiting area, breakroom and two bathrooms
