Mixed-Use Building with
For Sale
$439,900
3612 Campus Boulevard NE, Albuquerque, NM 87106
MX-T-zoned property accommodates professional office, light retail, and live-work uses.
Property Size1,298 SF
Price / SF$338.91
Days on Market53
Property Features for 3612 Campus Boulevard NE
General Information
Standard status
Active
Size
1,298 SF
Zoning
MX-T
Amenities
refinished hardwood floors
new thermal pane windows
reception area
private office or conference spaces
partial kitchen
full bathroom
power-gated alley access
two-car garage
storage building
Listing Agency:
RealABQ
Listed By:
Joseph LaMastra
Source:
Thesouthwestlife
Added: Aug 22
Changed: Oct 12
Last Checked: Oct 7 at 4:13PM
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 RealABQ
Investment Insights
Based on property information with market context.
This 1,298-square-foot mixed-use building at 3612 Campus Blvd includes a reception area, three large private office or conference rooms, a partial kitchen, and a full bathroom. Refinished hardwood flooring, new thermal pane windows installed in 2023, and HVAC updates completed in 2020 are among the improvements. The flat roof section was replaced in 2025.
The property is situated in Nob Hill and offers parking at both the front and rear. Additional site features include power-gated alley access, a two-car garage, and a 10' X 20' storage building. Zoned MX-T, the building is described as suitable for professional office, light retail, and live-work use.
The property is situated in Nob Hill and offers parking at both the front and rear. Additional site features include power-gated alley access, a two-car garage, and a 10' X 20' storage building. Zoned MX-T, the building is described as suitable for professional office, light retail, and live-work use.
Key Highlights
- 1,298‑square‑foot mixed‑use building in Nob Hill
- MX‑T zoning with professional office, light retail, and live‑work use
- Reception area, 3 private office or conference spaces, partial kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,243
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
$344.9K
Cap Rate 7%
$246,329
$246.3K
Cap Rate 9%
$191,589
$191.6K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$28.0K $21.60/SF
− Vacancy
−$5.0K −$3.89/SF
EGI
$23.0K $17.71/SF
− OpEx
−$5.7K −$4.43/SF
NOI
$17.2K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
Cap Rate 7%
$246,329
Cap Rate 9%
$191,589
Alternative Uses
Best Use
Office B
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 3.92%
Second Best
Mixed Use
$225.3K
$197.1K – $262.9K
NOI $15,771 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$314.0K
$274.8K – $366.4K
NOI $21,981 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Explore this area
Business Placement
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
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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?
Mixed-use property - MX-T-zoned property accommodates professional office, light retail, and live-work uses.
Where is this mixed-use property located?
The property is located at 3612 Campus Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 1,298‑square‑foot mixed‑use building in Nob Hill; MX‑T zoning with professional office, light retail, and live‑work use; Reception area, 3 private office or conference spaces, partial kitchen, and full bathroom
