Live-Work Property with
For Sale
$365,000
3001 Isleta Boulevard SW, Albuquerque, NM 87105
Combined residential and commercial configuration with onsite parking for visitors and customers.
Property Size1,630 SF
Price / SF$223.93
Days on Market260
Property Features for 3001 Isleta Boulevard SW
General Information
Standard status
Active
Size
1,630 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$1,929
Amenities
Window Air Conditioning
3
11 Parking Spaces. Guest Parking.
Asphalt, City Road.
Listing Agency:
CENTURY 21 Camco Realty
(505) 259-9089
Listed By:
Jannette Dudley · License #40152
(505) 259-9089
Source:
Xome
Added: Dec 15, 2025
Changed: Aug 30
Last Checked: Aug 31 at 2:45PM
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 CENTURY 21 Camco Realty
Investment Insights
Based on property information with market context.
This 1,630-square-foot live-work property combines residential and commercial functionality in a flexible setting. The space can support office, studio, boutique, salon, or service-business operations while allowing living space onsite. Window air conditioning is provided.
Located at 3001 Isleta Boulevard SW in Albuquerque, the property fronts a busy commercial corridor with street exposure. The site includes 11 parking spaces, including guest parking, and is served by an asphalt city road. Its mixed-use configuration accommodates a range of small-business formats with customer parking available on the property.
Located at 3001 Isleta Boulevard SW in Albuquerque, the property fronts a busy commercial corridor with street exposure. The site includes 11 parking spaces, including guest parking, and is served by an asphalt city road. Its mixed-use configuration accommodates a range of small-business formats with customer parking available on the property.
Key Highlights
- 1,630 SF live‑work property with combined residential and commercial functionality
- Flexible setting for office, studio, boutique, salon, or service‑business uses
- 11 parking spaces, including guest parking
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
$19,100
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
5.23%
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%
$382,000
$382.0K
Cap Rate 7%
$272,857
$272.9K
Cap Rate 9%
$212,222
$212.2K
Market Conditions
NOI Build-Up for 1,630 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
$30.3K $18.60/SF
− Vacancy
−$4.9K −$2.98/SF
EGI
$25.5K $15.62/SF
− OpEx
−$6.4K −$3.91/SF
NOI
$19.1K $11.72/SF
Area
ZIP 87105
Vacancy
16.00%
Lease Rate
$18.60 /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%
$382,000
Cap Rate 7%
$272,857
Cap Rate 9%
$212,222
Alternative Uses
Best Use
Office B
$272.9K
$238.8K – $318.3K
NOI $19,100 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$220.1K
$192.6K – $256.7K
NOI $15,404 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$355.7K
$311.2K – $414.9K
NOI $24,896 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
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?
Live-work space - Combined residential and commercial configuration with onsite parking for visitors and customers.
Where is this live-work space located?
The property is located at 3001 Isleta Boulevard SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,630 SF live‑work property with combined residential and commercial functionality; Flexible setting for office, studio, boutique, salon, or service‑business uses; 11 parking spaces, including guest parking
