500 Oak Street Northeast Albuquerque, NM 87106
Renovated office building featuring private offices, conference rooms, and multiple restroom facilities with strong highway visibility.
Property Features for 500 Oak Street Northeast
General Information
- Standard status
- Active
- Size
- 9,324 SF
- Property subtype
- Office
Listing office NAI Sun Vista (505) 998-1656
Listing date Jun 18, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.4k | $21.60 |
| − Vacancy | −$36.3k | −$3.89 |
| EGI | $165.1k | $17.71 |
| − OpEx | −$41.3k | −$4.43 |
| NOI | $123.9k | $13.28 |
