Occupied Multi-Tenant Mixed-Use
For Sale
$1,750,000
4711 Lomas Blvd NE, Albuquerque, NM 87110
MX-M-zoned property with tenant-oriented improvements, monument signage, and multiple points of ingress and egress.
Property Size8,300 SF
Price / SF$210.84
Days on Market182
Property Features for 4711 Lomas Blvd NE
General Information
Standard status
Active
Size
8,300 SF
Total Parking Spaces
34
Property subtype
Investment
Zoning
MX-M
Amenities
34 Parking Spaces
Listing Agency:
Epic Real Estate
(505) 263-5350
Listed By:
Mark Thompson
(505) 263-5350
Source:
Carnm.resimplifi
Added: Mar 1
Changed: Aug 30
Last Checked: Aug 30 at 4:23PM
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 Epic Real Estate
Investment Insights
Based on property information with market context.
This 8300 SF mixed-use building is fully leased to five tenants and combines retail, industrial, manufacturing, packaging, and administrative office functions. Occupants include Farmer's Insurance Agency and Leaf & Flower Cannabis, with one tenant operating under a New Mexico state cannabis license. The interior has been maintained with substantial improvements, and a new TPO roof covers the building.
An oversized parking area provides 34 private spaces with recent striping and sealcoating. A freestanding monument sign supports property identification, while multiple ingress and egress points provide convenient site access. The property is zoned MX-M, and all leases are structured as NNN except the smallest tenancy. The reported cap rate is 8.50%.
An oversized parking area provides 34 private spaces with recent striping and sealcoating. A freestanding monument sign supports property identification, while multiple ingress and egress points provide convenient site access. The property is zoned MX-M, and all leases are structured as NNN except the smallest tenancy. The reported cap rate is 8.50%.
Key Highlights
- 100% occupied by 5 tenants
- 8300 SF mixed‑use building zoned MX‑M
- 34 private parking spaces with new striping and sealcoat
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
$119,308
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
6.82%
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%
$2,386,160
$2.4M
Cap Rate 7%
$1,704,400
$1.7M
Cap Rate 9%
$1,325,644
$1.3M
Market Conditions
NOI Build-Up for 8,300 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
$184.3K $22.20/SF
− Vacancy
−$13.8K −$1.67/SF
EGI
$170.4K $20.54/SF
− OpEx
−$51.1K −$6.16/SF
NOI
$119.3K $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%
$2,386,160
Cap Rate 7%
$1,704,400
Cap Rate 9%
$1,325,644
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,308 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,845 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,556 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 27%
Shops & Services 20%
Home Improvements & Furnishings 8%
Sprouts Farmers Market
Groceries
20,894 visits/mo
0.3 miles
Starbucks
Dining
12,568 visits/mo
0.1 miles
Taco Bell
Dining
9,430 visits/mo
0.4 miles
Dollar General
Shops & Services
8,745 visits/mo
0.2 miles
Lomas True Value
Home Improvements & Furnishings
6,367 visits/mo
0.4 miles
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
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?
Mixed-use property - MX-M-zoned property with tenant-oriented improvements, monument signage, and multiple points of ingress and egress.
Where is this mixed-use property located?
The property is located at 4711 Lomas Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 100% occupied by 5 tenants; 8300 SF mixed‑use building zoned MX‑M; 34 private parking spaces with new striping and sealcoat
