Office
2907 San Mateo Boulevard NE, Albuquerque, NM 87110
For Sale
$339,000
Commercial Sale, Albuquerque, NM
Property Size1,209 SF
Lot Size0.16 Acres
Price / SF$280.40
Days on Market63
Property Features for 2907 San Mateo Boulevard NE
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 292-8900
Listed By:
Jacqueline M. Apodaca · License NM REC20250129
(505) 999-0762
Added: Sep 9
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 1110720
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 office property at 2907 San Mateo Boulevard NE in Albuquerque contains 1,209 square feet. The parcel encompasses 0.16 acres and is located in Bernalillo County, New Mexico.
Key Highlights
- 1,209‑square‑foot office property
- 0.16‑acre parcel
- Address: 2907 San Mateo Boulevard NE, Albuquerque, NM 87110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,060
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,200
$321.2K
Cap Rate 7%
$229,429
$229.4K
Cap Rate 9%
$178,444
$178.4K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$26.1K $21.60/SF
− Vacancy
−$4.7K −$3.89/SF
EGI
$21.4K $17.71/SF
− OpEx
−$5.4K −$4.43/SF
NOI
$16.1K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,200
Cap Rate 7%
$229,429
Cap Rate 9%
$178,444
Alternative Uses
Best Use
Office B
$229.4K
$200.8K – $267.7K
NOI $16,060 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.5K
$255.9K – $341.2K
NOI $20,474 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
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Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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Market
Properties on Market for Office buildings in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The property is situated on San Mateo Boulevard NE in Albuquerque.
Where is this office building located?
The property is located at 2907 San Mateo Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,209‑square‑foot office property; 0.16‑acre parcel; Address: 2907 San Mateo Boulevard NE, Albuquerque, NM 87110
