Retail Space in Strip
For Sale
$260,000
334 Adams St, Albuquerque, NM 87108
Commercial condo space suited to retail, office, or professional use with on-site parking and access to major roads.
Property Size1,123 SF
Price / SF$231.52
Days on Market131
Property Features for 334 Adams St
General Information
Standard status
Active
Size
1,123 SF
Listing Agency:
LPT Realty
Listed By:
Silesha Montano Naden · License #42168
(505) 883-9400
Source:
Albuquerquehomefinders
Added: Jun 6
Changed: Oct 1
Last Checked: Oct 12 at 8:33PM
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 condominium offers 1,123 square feet within an established strip mall at 334 Adams St in Albuquerque. The space is identified for retail, office, or professional use, providing a flexible setting for an owner-user or investor.
On-site parking and access to major roads support convenient arrival for customers, clients, and staff. The property is surrounded by established businesses and residential neighborhoods, placing the space within an active commercial and community setting.
On-site parking and access to major roads support convenient arrival for customers, clients, and staff. The property is surrounded by established businesses and residential neighborhoods, placing the space within an active commercial and community setting.
Key Highlights
- 1,123‑square‑foot commercial condo
- Located within an established strip mall
- Suitable for retail, office, or professional use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,143
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,860
$322.9K
Cap Rate 7%
$230,614
$230.6K
Cap Rate 9%
$179,367
$179.4K
Market Conditions
NOI Build-Up for 1,123 SF
Gross rent
$24.9K $22.20/SF
− Vacancy
−$1.9K −$1.67/SF
EGI
$23.1K $20.54/SF
− OpEx
−$6.9K −$6.16/SF
NOI
$16.1K $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 Rate 5%
$322,860
Cap Rate 7%
$230,614
Cap Rate 9%
$179,367
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.1K
NOI $16,143 @ 7.0% cap · market cap 6.21%
Second Best
Office B
$213.1K
$186.5K – $248.6K
NOI $14,918 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$271.7K
$237.7K – $317.0K
NOI $19,017 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo space suited to retail, office, or professional use with on-site parking and access to major roads.
Where is this retail space located?
The property is located at 334 Adams St Albuquerque, NM.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,123‑square‑foot commercial condo; Located within an established strip mall; Suitable for retail, office, or professional use
