Live-Work Space with Shared
300 Adams Street SE, Albuquerque, NM 87108
For Sale
$425,000
Commercial Sale, Albuquerque, NM
Property Size1,550 SF
Lot Size0.07 Acres
Price / SF$274.19
Days on Market58
Property Features for 300 Adams Street SE
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
building signage
Building Details
Floors in Building
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Silesha Montano Naden · License #42168
(505) 804-2139
Added: Sep 10
Changed: Oct 30
Last Checked: Nov 6 at 11:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 300 Adams Street SE, this renovated live-work property contains approximately 1,550 square feet arranged for flexible use. Its collaborative work area can support professional office, studio, creative-service or entrepreneurial operations, with potential to combine living and working on site.
Building signage is available, and shared parking serves the property. The Albuquerque location is described as near Nob Hill, UNM, Downtown, Uptown and the International District.
Building signage is available, and shared parking serves the property. The Albuquerque location is described as near Nob Hill, UNM, Downtown, Uptown and the International District.
Key Highlights
- Approximately 1,550 square feet of renovated flexible space
- Collaborative work area suitable for office, studio, creative‑service or entrepreneurial use
- Potential to combine residential and business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,590
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Renovated flexible space offers a collaborative work setting with the possibility of combining business and residential use.
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; Collaborative work area suitable for office, studio, creative‑service or entrepreneurial use; Potential to combine residential and business use
