Storefront Retail
For Sale
Contact for pricing
3418 Lomas Blvd. NE, Albuquerque, NM 87106
An occupied commercial building with dedicated and shared parking near UNM and Nob Hill.
Property Size2,012 SF
Price / SF$211.73
Days on Market10
Property Features for 3418 Lomas Blvd. NE
General Information
Standard status
Active
Size
2,012 SF
Total Parking Spaces
8
Property subtype
Retail
Zoning
MX-L
Investment Type
Stabilized
Additional Details
Traffic Count
19,700 vehicles/day
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
NAI Sun Vista
(505) 998-5735
Listed By:
Todd Strickland · License #NM
Source:
Crexi
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 25 at 7:12AM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This 2,012-square-foot storefront retail property is occupied by a tenant whose current lease runs through 2/28/2027, with a possible short-term extension of up to 6 additional months. The building includes 8 dedicated parking spaces, access to shared parking, a well-maintained tar and gravel roof, and building-system updates including a new Master Cool unit in 2026, two drop-down gas heaters installed in 2020, and a new Insta-Hot water heater from 2020.
The property is near UNM and Nob Hill, with visibility from Lomas Blvd. and exposure to 19,700 cars per day. It offers convenient access to Nob Hill, UNM, Uptown, and Downtown, and is surrounded by established retail, office, and medical uses. The existing tenancy and owner-user suitability provide flexibility for future occupancy planning.
The property is near UNM and Nob Hill, with visibility from Lomas Blvd. and exposure to 19,700 cars per day. It offers convenient access to Nob Hill, UNM, Uptown, and Downtown, and is surrounded by established retail, office, and medical uses. The existing tenancy and owner-user suitability provide flexibility for future occupancy planning.
Key Highlights
- Visible from Lomas Blvd. with exposure to 19,700 cars per day
- 2,012‑square‑foot storefront retail property near UNM and Nob Hill
- 8 dedicated parking spaces plus ample shared parking
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
$28,921
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
6.79%
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%
$578,420
$578.4K
Cap Rate 7%
$413,157
$413.2K
Cap Rate 9%
$321,344
$321.3K
Market Conditions
NOI Build-Up for 2,012 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
$44.7K $22.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$41.3K $20.54/SF
− OpEx
−$12.4K −$6.16/SF
NOI
$28.9K $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%
$578,420
Cap Rate 7%
$413,157
Cap Rate 9%
$321,344
Alternative Uses
Best Use
Retail
$413.2K
$361.5K – $482.0K
NOI $28,921 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.7K
$425.9K – $567.9K
NOI $34,072 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,122
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Shogun
Dining
2,416 visits/mo
0.5 miles
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - An occupied commercial building with dedicated and shared parking near UNM and Nob Hill.
Where is this storefront property located?
The property is located at 3418 Lomas Blvd. NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $426,000.
What are key features of this property?
This property features: Visible from Lomas Blvd. with exposure to 19,700 cars per day; 2,012‑square‑foot storefront retail property near UNM and Nob Hill; 8 dedicated parking spaces plus ample shared parking
