Listing Agency: LPT Realty

Listed By: Silesha Montano Naden · License #42168 Show Phone

Source: Albuquerquehomefinders

Added: Jun 20 Changed: Oct 1 Last Checked: Oct 14 at 11:03PM

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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.

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 / Yr

$17,968

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $17,968 @ 7.0% cap · market cap 6.91%

Second Best

Office B

$237.2K

$207.6K – $276.8K (±1% cap)

NOI $16,605 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$302.4K

$264.6K – $352.8K (±1% cap)

NOI $21,168 @ 7.0% cap · market cap 8.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Upward Motion Personal ... Gym & Fitness Center Alvidrez Luis Medical Clinic Brokaw Jami J Physician Mustard Seed Flowers (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

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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