Renovated Live-Work
For Sale
$425,000
300 Adams Street SE, Albuquerque, NM 87108
CommercialSale, Albuquerque, NM
Property Size1,550 SF
Lot Size0.07 Acres
Price / SF$274.19
Days on Market13
Property Features for 300 Adams Street SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
MX-T*
Parking
4
Directions
From I-40, take the San Mateo Blvd exit and head south. Turn left (east) on Zuni Rd SE, then turn left (north) on Adams St SE. Property is located on Adams St SE between Zuni Rd and Central Ave.
Subdivision
42 - UNM South
Standard status
Active
APN
101705731010440920
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2672
Amenities
building signage
Building Details
Floors in Building
1
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Silesha Montano Naden · License #42168
(505) 804-2139
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 22 at 5:06PM
MLS# 1110968
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.
Investment Insights
Based on property information with market context.
Located at 300 Adams Street SE, this approximately 1,550-square-foot live-work property combines renovated interiors with a flexible arrangement for professional offices, studio activity, creative services, or an entrepreneurial headquarters. The space is designed to support integrated residential and business use under one roof, subject to verification of zoning, allowable uses, and live-work requirements.
MX-T Mixed-Use Transition zoning allows for a range of residential and small-scale commercial possibilities. Building signage is available, and shared parking serves clients, guests, or team members. The property sits in Albuquerque near Nob Hill, UNM, Downtown, Uptown, and the International District, providing a central setting for a range of work-oriented uses.
MX-T Mixed-Use Transition zoning allows for a range of residential and small-scale commercial possibilities. Building signage is available, and shared parking serves clients, guests, or team members. The property sits in Albuquerque near Nob Hill, UNM, Downtown, Uptown, and the International District, providing a central setting for a range of work-oriented uses.
Key Highlights
- Approximately 1,550 square feet of renovated flexible space
- MX‑T Mixed‑Use Transition zoning
- Live‑work configuration with residential and small‑scale commercial possibilities
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
$20,590
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
4.84%
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%
$411,800
$411.8K
Cap Rate 7%
$294,143
$294.1K
Cap Rate 9%
$228,778
$228.8K
Market Conditions
NOI Build-Up for 1,550 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
$33.5K $21.60/SF
− Vacancy
−$6.0K −$3.89/SF
EGI
$27.5K $17.71/SF
− OpEx
−$6.9K −$4.43/SF
NOI
$20.6K $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 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%
$411,800
Cap Rate 7%
$294,143
Cap Rate 9%
$228,778
Alternative Uses
Best Use
Office B
$294.1K
$257.4K – $343.2K
NOI $20,590 @ 7.0% cap · market cap 4.84%
Second Best
Mixed Use
$269.0K
$235.4K – $313.9K
NOI $18,833 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$375.0K
$328.1K – $437.5K
NOI $26,248 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible renovated property with MX-T mixed-use transition zoning, signage, and shared parking.
Where is this live-work space located?
The property is located at 300 Adams Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 1,550 square feet of renovated flexible space; MX‑T Mixed‑Use Transition zoning; Live‑work configuration with residential and small‑scale commercial possibilities
