Strip Mall Commercial
For Sale
$260,000
336 Adams St, Albuquerque, NM 87108
Commercial units support retail, office, and professional uses with parking and access to major roads.
Property Size1,250 SF
Price / SF$208
Days on Market35
Property Features for 336 Adams St
General Information
Standard status
Active
Size
1,250 SF
Listing Agency:
LPT Realty
(505) 883-9400
Listed By:
Silesha Montano Naden · License #42168
Source:
Albuquerquehomefinders
Added: Jul 27
Changed: Aug 30
Last Checked: Aug 30 at 10:15AM
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 offering is located within an established strip mall at 336 Adams St in Albuquerque. The units are described as suitable for retail, office, and professional use, providing flexibility for occupants seeking commercial space in a multi-unit setting.
The property benefits from visibility, on-site parking, and convenient connections to major roads. Established businesses and residential neighborhoods surround the strip mall, adding to its commercial context. Planned property work includes a TPO roof replacement, new HVAC systems, a new water heater, and replacement flooring.
The property benefits from visibility, on-site parking, and convenient connections to major roads. Established businesses and residential neighborhoods surround the strip mall, adding to its commercial context. Planned property work includes a TPO roof replacement, new HVAC systems, a new water heater, and replacement flooring.
Key Highlights
- Commercial condominiums within an established strip mall
- Suitable for retail, office, and professional uses
- On‑site parking and access to major roads
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
$17,968
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
6.91%
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%
$359,360
$359.4K
Cap Rate 7%
$256,686
$256.7K
Cap Rate 9%
$199,644
$199.6K
Market Conditions
NOI Build-Up for 1,250 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
$27.8K $22.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$25.7K $20.54/SF
− OpEx
−$7.7K −$6.16/SF
NOI
$18.0K $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%
$359,360
Cap Rate 7%
$256,686
Cap Rate 9%
$199,644
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 6.91%
Second Best
Office B
$237.2K
$207.6K – $276.8K
NOI $16,605 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$302.4K
$264.6K – $352.8K
NOI $21,168 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,533
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Commercial units support retail, office, and professional uses with parking and access to major roads.
Where is this strip mall located?
The property is located at 336 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: Commercial condominiums within an established strip mall; Suitable for retail, office, and professional uses; On‑site parking and access to major roads
