Salon-Built Wellness
New
For Sale
$269,900
332 Adams St SE, Albuquerque, NM 87108
MX-T zoning and shared parking support a range of commercial uses, subject to verification.
Property Size1,237 SF
Price / SF$218.19
Days on Market3
Property Features for 332 Adams St SE
General Information
Standard status
Active
Size
1,237 SF
Zoning
MX-T Mixed-Use Transition
Amenities
private office space
restroom
dedicated storage
open workspace
abundant natural light
hardwood-style flooring
Listing Agency:
LPT Realty
Listed By:
Silesha Montano Naden · License #42168
(505) 883-9400
Source:
Thesouthwestlife
Added: Sep 24
Last Checked: Sep 24 at 3:05PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This commercial space is configured as a salon, with an open work area, private office, restroom and dedicated storage. Hardwood-style flooring and natural light are also noted. The existing layout may suit salon, wellness, studio or professional-service uses, subject to verification of zoning and allowable uses.
The property is at 332 Adams Street SE in Albuquerque, near Nob Hill, UNM, Uptown and Downtown. Shared parking is available, along with building and monument signage.
The property is at 332 Adams Street SE in Albuquerque, near Nob Hill, UNM, Uptown and Downtown. Shared parking is available, along with building and monument signage.
Key Highlights
- Existing salon configuration with an open work area, private office, restroom and dedicated storage
- MX‑T Mixed‑Use Transition zoning; verify allowable uses
- Shared parking available
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
$17,781
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
6.59%
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%
$355,620
$355.6K
Cap Rate 7%
$254,014
$254.0K
Cap Rate 9%
$197,567
$197.6K
Market Conditions
NOI Build-Up for 1,237 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
$27.5K $22.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$25.4K $20.54/SF
− OpEx
−$7.6K −$6.16/SF
NOI
$17.8K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$355,620
Cap Rate 7%
$254,014
Cap Rate 9%
$197,567
Alternative Uses
Best Use
Retail
$254.0K
$222.3K – $296.4K
NOI $17,781 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.3K
$261.9K – $349.1K
NOI $20,948 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
113k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 31%
Electronics 7%
Dion's Pizza
Dining
15,979 visits/mo
0.3 miles
Murphy USA
Shops & Services
15,490 visits/mo
0.5 miles
Circle K
Shops & Services
11,307 visits/mo
0.1 miles
Wells Fargo
Shops & Services
10,649 visits/mo
0.5 miles
AutoZone
Shops & Services
10,471 visits/mo
0.5 miles
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 Retail in Albuquerque, NM
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- A Spinal Health and Movement Center — 316 Adams St SE, Albuquerque, NM 87108
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - MX-T zoning and shared parking support a range of commercial uses, subject to verification.
Where is this spa & wellness property located?
The property is located at 332 Adams St SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Existing salon configuration with an open work area, private office, restroom and dedicated storage; MX‑T Mixed‑Use Transition zoning; verify allowable uses; Shared parking available
