Mixed-Use Commercial
For Sale
Contact for pricing
524 MONTANO RD NW, Albuquerque, NM 87107
Existing commercial property classified for mixed-use purposes.
Property Size3,429 SF
Price / SF$218.72
Days on Market9
Property Features for 524 MONTANO RD NW
General Information
Standard status
Active
Size
3,429 SF
Property subtype
Retail, Office
Lease Type
Absolute Net
Building Details
Year Built
1963
Units
1
Tenancy
Single
Listing Agency:
New Vision Real Estate Group LLC
(505) 615-6859
Listed By:
Ken Romero · License #REC-2022-1146
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 7:03AM
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 New Vision Real Estate Group LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 3,429 square feet of building area. Constructed in 1963, the asset is located at 524 Montano Rd NW in Albuquerque, New Mexico, providing an established commercial property for consideration.
Key Highlights
- 3,429 SF building area
- Constructed in 1963
- 524 Montano Rd NW, Albuquerque, NM
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
$49,290
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
6.57%
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%
$985,800
$985.8K
Cap Rate 7%
$704,143
$704.1K
Cap Rate 9%
$547,667
$547.7K
Market Conditions
NOI Build-Up for 3,429 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
$76.1K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$70.4K $20.54/SF
− OpEx
−$21.1K −$6.16/SF
NOI
$49.3K $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%
$985,800
Cap Rate 7%
$704,143
Cap Rate 9%
$547,667
Alternative Uses
Best Use
Retail
$704.1K
$616.1K – $821.5K
NOI $49,290 @ 7.0% cap · market cap 6.57%
Second Best
Office B
$650.7K
$569.4K – $759.2K
NOI $45,551 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$829.5K
$725.9K – $967.8K
NOI $58,068 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial property classified for mixed-use purposes.
Where is this mixed-use property located?
The property is located at 524 MONTANO RD NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,429 SF building area; Constructed in 1963; 524 Montano Rd NW, Albuquerque, NM
