Office Building with Ample
For Sale
$2,180,000
500 Oak St NE, Albuquerque, NM 87106
Renovated office building featuring private offices, conference rooms, and multiple restroom facilities with strong highway visibility.
Property Size9,324 SF
Price / SF$233.81
Days on Market135
Property Features for 500 Oak St NE
General Information
Standard status
Active
Size
9,324 SF
Property subtype
Office
Zoning
MX-T
Site & Location
Neighborhood
Spk
Listing Agency:
NAI SunVista
Listed By:
Ethan Melvin
(505) 338-4186
Source:
Carnm.resimplifi
Added: Jun 18
Changed: Oct 25
Last Checked: Oct 28 at 4:53AM
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
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Investment Insights
Based on property information with market context.
This renovated office building was completed in 2026 and offers a work-ready layout with multiple private offices and conference rooms. The interior configuration includes multiple restrooms, plus a shower, supporting everyday tenant use. The property is enclosed with a fenced perimeter and provides ample parking for staff and visitors.
The building is situated at 500 Oak Street Northeast in Albuquerque, with visibility from northbound I-25 and monument signage on-site. It is also positioned close to the University of New Mexico and nearby healthcare institutions, including Presbyterian and Lovelace Hospitals.
The combination of updated finishes, dedicated office rooms, and meeting space makes the property well-suited for professional services and other office-based operations that require private work areas. Its fenced parking setup can support day-to-day access control, while the I-25 visibility and monument signage help with brand presence for tenants that benefit from drive-by recognition.
The building is situated at 500 Oak Street Northeast in Albuquerque, with visibility from northbound I-25 and monument signage on-site. It is also positioned close to the University of New Mexico and nearby healthcare institutions, including Presbyterian and Lovelace Hospitals.
The combination of updated finishes, dedicated office rooms, and meeting space makes the property well-suited for professional services and other office-based operations that require private work areas. Its fenced parking setup can support day-to-day access control, while the I-25 visibility and monument signage help with brand presence for tenants that benefit from drive-by recognition.
Key Highlights
- Renovation completed in 2026.
- Fenced perimeter with ample parking.
- Multiple private offices plus multiple conference rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,860
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,477,200
$2.5M
Cap Rate 7%
$1,769,429
$1.8M
Cap Rate 9%
$1,376,222
$1.4M
Market Conditions
NOI Build-Up for 9,324 SF
Gross rent
$201.4K $21.60/SF
− Vacancy
−$36.3K −$3.89/SF
EGI
$165.1K $17.71/SF
− OpEx
−$41.3K −$4.43/SF
NOI
$123.9K $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%
$2,477,200
Cap Rate 7%
$1,769,429
Cap Rate 9%
$1,376,222
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,860 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,896 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,189
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building featuring private offices, conference rooms, and multiple restroom facilities with strong highway visibility.
Where is this office building located?
The property is located at 500 Oak St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Renovation completed in 2026.; Fenced perimeter with ample parking.; Multiple private offices plus multiple conference rooms.
