3121 Amherst Drive Northeast Albuquerque, NM 87107
Well-maintained office building with blended occupancy and refitting opportunities.
Property Features for 3121 Amherst Drive Northeast
General Information
- Standard status
- Active
- Size
- 25,642 SF
- Property subtype
- Office, Mixed Use, Special Purpose
Building Details
- Year Built
- 1996
Listing office CBRE - Albuquerque
Listing date May 26, 2026
Source Crexi
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 CBRE - Albuquerque
Investment Insights
Based on property information with market context.
Key Highlights
- Multi‑tenant office building in a mixed office and industrial area
- Located just outside the I‑25 Corridor
- Blended occupancy allows for creative refitting opportunities
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $553.9k | $21.60 |
| − Vacancy | −$99.7k | −$3.89 |
| EGI | $454.2k | $17.71 |
| − OpEx | −$113.5k | −$4.43 |
| NOI | $340.6k | $13.28 |
