Northeast Albuquerque Office Building For
For Sale
Contact for pricing
3733 Eubank Blvd NE, Albuquerque, NM
Office building in prime location with recent upgrades and parking.
Property Size4,141 SF
Lot Size0.35 Acres
Price / SF$173.29
Days on Market287
Property Features for 3733 Eubank Blvd NE
General Information
Standard status
Active
Size
4,141 SF
Lot size
0.35 Acres
Property subtype
OFFICE
Listing Agency:
Team Southwest CRE
(505) 998-1031
Listed By:
Tim L House
Source:
Moodyscre
Added: Oct 30, 2025
Changed: Aug 8
Last Checked: Aug 12 at 10:42AM
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 Team Southwest CRE
Investment Insights
Based on property information with market context.
Located in Northeast Albuquerque, this property offers visibility and access to major roads. The building is conveniently located near restaurants, retail options, and other neighborhood amenities. There are 21 on-site parking spaces available for staff and clients. Recent upgrades to the roof and HVAC systems have been completed. This property is suitable for professional users such as attorneys, accountants, or medical offices. It presents a turnkey opportunity for owner-occupants or investors in a high-demand area. The building has a size of 4,141 square feet.
Key Highlights
- Prime Northeast Albuquerque location offering excellent visibility and access.
- Features 21 on‑site parking spaces.
- Recent roof and HVAC upgrades provide peace of mind.
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
$55,009
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
7.67%
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%
$1,100,180
$1.1M
Cap Rate 7%
$785,843
$785.8K
Cap Rate 9%
$611,211
$611.2K
Market Conditions
NOI Build-Up for 4,141 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
$89.4K $21.60/SF
− Vacancy
−$16.1K −$3.89/SF
EGI
$73.3K $17.71/SF
− OpEx
−$18.3K −$4.43/SF
NOI
$55.0K $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 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%
$1,100,180
Cap Rate 7%
$785,843
Cap Rate 9%
$611,211
Alternative Uses
Best Use
Office B
$785.8K
$687.6K – $916.8K
NOI $55,009 @ 7.0% cap · market cap 7.67%
Second Best
Healthcare Medical
$756.7K
$662.1K – $882.8K
NOI $52,967 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$1.00M
$876.6K – $1.17M
NOI $70,125 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in prime location with recent upgrades and parking.
Where is this office building located?
The property is located at 3733 Eubank Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $717,590.
What are key features of this property?
This property features: Prime Northeast Albuquerque location offering excellent visibility and access.; Features 21 on‑site parking spaces.; Recent roof and HVAC upgrades provide peace of mind.
