Office Units with Private
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501-509 Roma Ave NW, Albuquerque, NM 87102
A conference room, break area, three restrooms, and on-site parking support a range of office configurations.
Property Size3,848 SF
Price / SF$218.04
Days on Market3
Property Features for 501-509 Roma Ave NW
General Information
Standard status
Active
Size
3,848 SF
Total Parking Spaces
20
Property subtype
OFFICE
Site & Location
Neighborhood
Vsm
Additional Details
HOA Fee
$365
Property Use
Office
Listing Agency:
NAI SunVista - Albuquerque
(505) 878-0001
Listed By:
Micah Gray · License #REC20220385
(575) 562-9006
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:24PM
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.
Investment Insights
Based on property information with market context.
This office property contains 10 private offices, a conference room, and a break room, along with three restrooms. The building’s architectural design gives it a distinct appearance among office properties. Its 3,848 square feet provide a dedicated setting for professional services, creative work, or owner-user occupancy.
The property is at 501-509 Roma Ave NW in Downtown Albuquerque. It includes 20 on-site parking spaces. Monthly condo dues cover water, sewer, and weekly grounds keeping.
The property is at 501-509 Roma Ave NW in Downtown Albuquerque. It includes 20 on-site parking spaces. Monthly condo dues cover water, sewer, and weekly grounds keeping.
Key Highlights
- 3,848‑square‑foot office property
- 10 private offices plus a conference room and break room
- Three restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,117
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,340
$1.0M
Cap Rate 7%
$730,243
$730.2K
Cap Rate 9%
$567,967
$568.0K
Market Conditions
NOI Build-Up for 3,848 SF
Gross rent
$83.1K $21.60/SF
− Vacancy
−$15.0K −$3.89/SF
EGI
$68.2K $17.71/SF
− OpEx
−$17.0K −$4.43/SF
NOI
$51.1K $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%
$1,022,340
Cap Rate 7%
$730,243
Cap Rate 9%
$567,967
Alternative Uses
Best Use
Office B
$730.2K
$639.0K – $852.0K
NOI $51,117 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.9K
$814.6K – $1.09M
NOI $65,164 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A conference room, break area, three restrooms, and on-site parking support a range of office configurations.
Where is this office unit located?
The property is located at 501-509 Roma Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 3,848‑square‑foot office property; 10 private offices plus a conference room and break room; Three restrooms
