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 Market28
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: Oct 7 at 8:06AM
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 / 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.
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
