Four-Suite Mixed-Use
New
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 Market6
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: Sep 5
Last Checked: Sep 5 at 3:26PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,499
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
