3700 Rio Grande Blvd NW, Albuquerque, NM 87107

Building Details

Buildings 1 More

Construction Southwest-style More

Parking Ratio 3.5 per 1,000 SF More

Listing Agency: NAI SunVista - Albuquerque Show Phone

Listed By: DJ Brigman CCIM · License NM #51555 Show Phone

Source: Moodyscre

Added: Nov 3 Changed: Nov 7 Last Checked: Nov 8 at 8:09AM

Report an Issue

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 SunVista - Albuquerque

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 11,988-square-foot office building offers a layout that can be used by one occupant or divided into as many as four suites. Five access points, two fireplaces, and skylights are among its interior features. A central foyer and multiple courtyards provide shared spaces, while common-area restrooms include showers.

The property is on Rio Grande Blvd. NW in Albuquerque. Parking is fenced and secured, with a ratio of 3.5 spaces per 1,000 square feet.

Key Highlights

• 11,988‑square‑foot office building configurable for up to four suites
• Five access points and two fireplaces
• Skylights throughout the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$159,249

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,184,980 $3.2M

Cap Rate 7%

$2,274,986 $2.3M

Cap Rate 9%

$1,769,433 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,988 SF

Gross rent

$258.9K $21.60/SF

− Vacancy

−$46.6K −$3.89/SF

EGI

$212.3K $17.71/SF

− OpEx

−$53.1K −$4.43/SF

NOI

$159.2K $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%

$3,184,980

Cap Rate 7%

$2,274,986

Cap Rate 9%

$1,769,433

Alternative Uses

Best Use

Office B

$2.27M

$1.99M – $2.65M (±1% cap)

NOI $159,249 @ 7.0% cap · market cap 5.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.90M

$2.54M – $3.38M (±1% cap)

NOI $203,010 @ 7.0% cap · market cap 7.20%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Seeker Aircraft Freight Service CSI Aviation, Inc. Freight Service Applied Capital, Inc. Bank True to Nature Design, ... Landscaping Brawley and Company Architect

Suggested Use

Top Pick Dental Office Law Firm Restaurant Hair Salon Nail Salon Building Supply

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

231

Businesses Nearby

Explore this area Business Placement

Demographics for 87107, NM

30,340

Population

13,441

Households

2.3

Avg Household Size

44

Median Age

39%

College-Educated

92%

High-School Grad

14.6 sq mi

ZIP Area

2,078

Density / Sq Mi

$59,663

Median Household Income

$36,392

Median Earnings

$901

Median Rent

$282,000

Median Home Value

Market

Properties on Market for Office buildings in Albuquerque

Jul

Aug

Sep

Oct

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

Similar For Sale Nearby

See more

Freestanding Medical Office

1020 Tijeras Ave NE, Albuquerque, NM 87106

$2,190,000

12,760 SF

View details

Renovated Mixed-Use Property

2527/2533 Virginia St NE, Albuquerque, NM 87110

$1,050,000

11,400 SF

View details

Office Building with Ample Parking

500 Oak St NE, Albuquerque, NM 87106

$2,180,000

9,324 SF

View details

Freestanding Office Building in Uptown

7000 Prospect Place Northeast, Albuquerque, NM 87110

$1,495,000

8,256 SF

View details

Office Building with Private Offices

4317 Lead Ave SE, Albuquerque, NM 87108

$959,000

8,047 SF

View details

Multi-Tenant Office Building

1400 Carlisle Blvd NE, Albuquerque, NM 87110

$850,000

6,603 SF

View details

NNN-Leased Office Building

1001 Coal Avenue Southeast, Albuquerque, NM 87106

Contact for pricing

14,650 SF

View details

Office Building at Signalized Corner

4701 Montano Rd NW, Albuquerque, NM 87120

Contact for pricing

9,559 SF

View details

Single-Story Standalone Office Building

5100 Indian School Rd NE, Albuquerque, NM 87110

$599,167

6,000 SF

View details

Professional Office Park

2300 Menaul Blvd NE, Albuquerque, NM 87107

$3,950,000

59,628 SF

View details

Renovated Freestanding Office Building

1001 4th St NW, Albuquerque, NM 87102

$1,121,000

3,933 SF

View details

Northeast Albuquerque Office Building For Sale

3733 Eubank Blvd NE, Albuquerque, NM 87111

$717,590

4,141 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - An adaptable office layout supports a single occupant or configuration into as many as four suites.

Where is this office building located?

The property is located at 3700 Rio Grande Blvd NW Albuquerque, NM.

What is the asking price?

The asking price for this property is $2,819,000.

What are key features of this property?

This property features: 11,988‑square‑foot office building configurable for up to four suites; Five access points and two fireplaces; Skylights throughout the building