Mixed-Use Retail and Office
For Sale
Contact for pricing
3530 WYOMING BLVD NE, Albuquerque, NM 87111
For sale mixed-use property offering storefront and office space in a single asset on Wyoming Blvd NE.
Property Size10,830 SF
Price / SF$180.98
Days on Market55
Property Features for 3530 WYOMING BLVD NE
General Information
Standard status
Active
Size
10,830 SF
Property subtype
Retail, Office, Mixed Use
Zoning
MX-L
Occupancy
100%
Net Operating Income
$136,944
Building Details
Year Built
1979
Units
1
Listing Agency:
NAI Sun Vista
Listed By:
Lisa Mercer, CCIM · License #NM 53678
Source:
Crexi
Added: Jun 29
Changed: Aug 14
Last Checked: Aug 22 at 10:37AM
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 mixed-use commercial property totals 10,830 SF and is configured to support both storefront-style retail and office use. The asset is offered for sale and presents a combined footprint that can accommodate a tenant mix requiring retail-facing space alongside office-oriented space.
Located at 3530 Wyoming Blvd NE in Albuquerque, NM, the property benefits from exposure along a primary commercial corridor. The offering is presented as a single mixed-use building, which can simplify ownership and leasing compared to maintaining separate retail and office assets.
The storefront and office combination can fit a range of tenant requirements, including businesses that need customer-facing space together with administrative, professional, or back-office operations. For buyers, the single-building structure provides one acquisition to evaluate for current occupancy and future leasing. Prospective tenants and buyers can review the property’s layout and unit configuration with the understanding that it is designed to handle both retail and office environments under one roof. The property is listed for sale at a total building level.
Located at 3530 Wyoming Blvd NE in Albuquerque, NM, the property benefits from exposure along a primary commercial corridor. The offering is presented as a single mixed-use building, which can simplify ownership and leasing compared to maintaining separate retail and office assets.
The storefront and office combination can fit a range of tenant requirements, including businesses that need customer-facing space together with administrative, professional, or back-office operations. For buyers, the single-building structure provides one acquisition to evaluate for current occupancy and future leasing. Prospective tenants and buyers can review the property’s layout and unit configuration with the understanding that it is designed to handle both retail and office environments under one roof. The property is listed for sale at a total building level.
Key Highlights
- Mixed‑use property with storefront and office space in one asset
- 10,830 SF building total
- Built in 1979
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
$122,016
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
6.23%
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%
$2,440,320
$2.4M
Cap Rate 7%
$1,743,086
$1.7M
Cap Rate 9%
$1,355,733
$1.4M
Market Conditions
NOI Build-Up for 10,830 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
$188.4K $17.40/SF
− Vacancy
−$14.1K −$1.31/SF
EGI
$174.3K $16.10/SF
− OpEx
−$52.3K −$4.83/SF
NOI
$122.0K $11.27/SF
Area
ZIP 87111
Vacancy
7.50%
Lease Rate
$17.40 /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%
$2,440,320
Cap Rate 7%
$1,743,086
Cap Rate 9%
$1,355,733
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,016 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,941 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
207k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Shops & Services 33%
Dining 19%
Apparel 2%
Target
Superstores
94,271 visits/mo
0.5 miles
Michaels
Shops & Services
35,651 visits/mo
0.5 miles
Party City
Shops & Services
22,816 visits/mo
0.4 miles
7 Brew Coffee
Dining
19,095 visits/mo
0.4 miles
Dunkin' Donuts
Dining
15,729 visits/mo
0.3 miles
Demographics for 87111, NM
56,121
Population
28,192
Households
2
Avg Household Size
45
Median Age
56%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
4,419
Density / Sq Mi
$84,511
Median Household Income
$52,350
Median Earnings
$1,310
Median Rent
$349,200
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 - For sale mixed-use property offering storefront and office space in a single asset on Wyoming Blvd NE.
Where is this storefront property located?
The property is located at 3530 WYOMING BLVD NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: Mixed‑use property with storefront and office space in one asset; 10,830 SF building total; Built in 1979
