Second-Story Office
For Sale
Contact for pricing
3007 LOUISIANA Boulevard NE, Albuquerque, NM 87110
Second-story office space is offered with a modified gross lease structure and landlord-paid utilities.
Property Size565 SF
Price / SF$3.16
Days on Market95
Property Features for 3007 LOUISIANA Boulevard NE
General Information
Standard status
Active
Size
565 SF
Additional Details
Floor
2
Listing Agency:
Couture Brokerage
Listed By:
Toni-Lei Renee Ponic · License #15258
(505) 321-3259
Source:
Dukecityrealty
Added: Jul 17
Changed: Oct 6
Last Checked: Oct 16 at 8:28AM
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 Couture Brokerage
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Investment Insights
Based on property information with market context.
Second-story office space is available within a commercial building at the corner of Candelaria and Louisiana. The available suite contains 565 square feet and is described as move-in ready.
The space is offered under a modified gross lease structure. The landlord will pay gas, electric, water, sewer, and trash expenses.
The space is offered under a modified gross lease structure. The landlord will pay gas, electric, water, sewer, and trash expenses.
Key Highlights
- 565‑square‑foot office suite
- Second‑story location within the building
- Modified gross lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,100
$150.1K
Cap Rate 7%
$107,214
$107.2K
Cap Rate 9%
$83,389
$83.4K
Market Conditions
NOI Build-Up for 565 SF
Gross rent
$12.2K $21.60/SF
− Vacancy
−$2.2K −$3.89/SF
EGI
$10.0K $17.71/SF
− OpEx
−$2.5K −$4.43/SF
NOI
$7.5K $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%
$150,100
Cap Rate 7%
$107,214
Cap Rate 9%
$83,389
Alternative Uses
Best Use
Office B
$107.2K
$93.8K – $125.1K
NOI $7,505 @ 7.0% cap · market cap 420.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.7K
$119.6K – $159.5K
NOI $9,568 @ 7.0% cap · market cap 536.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Second-story office space is offered with a modified gross lease structure and landlord-paid utilities.
Where is this office units located?
The property is located at 3007 LOUISIANA Boulevard NE Albuquerque, NM.
What are key features of this property?
This property features: 565‑square‑foot office suite; Second‑story location within the building; Modified gross lease structure
