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East Nob Hill Commercial Suite

332 Adams St SE, Albuquerque, NM 87108

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For Sale

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Versatile 1,250 SF commercial suite in East Nob Hill.

Type:Office, Retail

Property size:

1,250 SF

Price / SF:

$200/SF

Contact for Pricing

Please call us for current price
and status of this listing

Ed Anlian

Real Estate License ID: NM 14869

HighLights

Attractively priced at $250,000 ($200/SF).
Versatile 1,250± SF commercial suite suitable for various professional and office uses.
Zoned MX‑T / Mixed Used Transitional Zone.
Located in East Nob Hill.
Features a bright, open work area and hardwood floors.
Shared parking and prominent building and monument signage.

For Sale

Contact for pricing

Versatile 1,250 SF commercial suite in East Nob Hill.

Type:Office, Retail

Property size:

1,250 SF

Price / SF:

$200/SF

Added:: Sep 10, 2024
Days on Market:: 640
Last Refresh:: May 12 at 10:58 pm

Property Features for 332 Adams St SE

General Information

Standard status: Active
Size: 1,250 SF
Property subtype: Office, Retail

Building Details

Year Built: 2009

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Listing Contact

Ed Anlian

Listing agent Ed Anlian License #NM 14869

Listing office Johnson Commercial Real Estate

Listing date Sep 10, 2024

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 Johnson Commercial Real Estate

HighLights

Attractively priced at $250,000 ($200/SF).
Versatile 1,250± SF commercial suite suitable for various professional and office uses.
Zoned MX‑T / Mixed Used Transitional Zone.
Located in East Nob Hill.
Features a bright, open work area and hardwood floors.
Shared parking and prominent building and monument signage.

Overview

Located in East Nob Hill, this commercial suite offers approximately 1,250 square feet of space. Zoned MX-T / Mixed Used Transitional Zone, the property is suitable for a variety of professional and office uses. Currently configured as a salon, the suite features an open work area and hardwood floors. Shared parking is available, and the property benefits from prominent building and monument signage. The property is located at 332 Adams St SE, Albuquerque, NM 87108.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.8k	$22.20
− Vacancy	−$2.1k	−$1.67
EGI	$25.7k	$20.54
− OpEx	−$7.7k	−$6.16
NOI	$18.0k	$14.37

1,250 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$256.7K

$224.6K – $299.5K (±1% cap)

NOI $17,968 @ 7.0% cap · market cap 7.19%

Second Best

Office B

$237.2K

$207.6K – $276.8K (±1% cap)

NOI $16,605 @ 7.0% cap · market cap 6.64%

Theoretical Best

Office A

$302.4K

$264.6K – $352.8K (±1% cap)

NOI $21,168 @ 7.0% cap · market cap 8.47%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.5940509
Latitude: 35.0747492

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For sale
Retail space
NM
Albuquerque
87108
332 Adams St SE

What type of property is this?

Retail space - Versatile 1,250 SF commercial suite in East Nob Hill.

Where is this retail space located?

The property is located at 332 Adams St SE Albuquerque, NM.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Attractively priced at $250,000 ($200/SF).; Versatile 1,250± SF commercial suite suitable for various professional and office uses.; Zoned MX‑T / Mixed Used Transitional Zone.