Freestanding Mixed-Use
For Sale
$450,000
6717 Lomas Blvd. NE, Albuquerque, NM 87110
Brick construction, flexible interior space, fenced outdoor area, and mixed-use zoning support varied commercial operations.
Property Size3,500 SF
Price / SF$128.57
Days on Market608
Property Features for 6717 Lomas Blvd. NE
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
MX-M
Site & Location
Corner Location
Yes
Traffic Count
25,000 vehicles/day
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
monument signage
front awning
updated storefront windows
fenced outdoor area
Power
Water
Sewer
Natural Gas
10 Parking Spaces
Building Details
Year Built
1958
Buildings
1
Building Size
3,500 SF
Construction
brick
Listing Agency:
Limitless Realty, LLC.
Listed By:
Charles Benns
(505) 933-8888
Source:
Carnm.resimplifi
Added: Feb 14, 2025
Changed: Oct 14
Last Checked: Oct 14 at 7:41PM
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 Limitless Realty, LLC.
Investment Insights
Based on property information with market context.
This 3,500-square-foot freestanding mixed-use property combines a retail-oriented storefront with private offices, workstations, storage, and warehouse space. The brick building includes two restrooms, updated storefront windows, a front awning, and a newer roof. A fenced outdoor area adds space for storage, parking, or work activity, with up to 10 on-site parking spaces. Mixed-use zoning is identified as MX-M and allows on-site living.
Positioned on the corner of Lomas Blvd. NE, the property sits directly across from the Fairgrounds and a couple of blocks west of Louisiana. The site benefits from monument signage and reported daily traffic of more than 25,000 vehicles. The Fairgrounds is reported to draw approximately 497,000 visitors annually, adding substantial activity to the surrounding area.
Positioned on the corner of Lomas Blvd. NE, the property sits directly across from the Fairgrounds and a couple of blocks west of Louisiana. The site benefits from monument signage and reported daily traffic of more than 25,000 vehicles. The Fairgrounds is reported to draw approximately 497,000 visitors annually, adding substantial activity to the surrounding area.
Key Highlights
- 3,500‑square‑foot freestanding brick mixed‑use building
- MX‑M zoning allows on‑site living
- Flexible interior with storefront, private offices, workstations, storage, and warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,122
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,440
$622.4K
Cap Rate 7%
$444,600
$444.6K
Cap Rate 9%
$345,800
$345.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$50.4K $14.40/SF
− Vacancy
−$2.5K −$0.72/SF
EGI
$47.9K $13.68/SF
− OpEx
−$16.8K −$4.79/SF
NOI
$31.1K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,440
Cap Rate 7%
$444,600
Cap Rate 9%
$345,800
Alternative Uses
Best Use
Retail
$718.7K
$628.9K – $838.5K
NOI $50,311 @ 7.0% cap · market cap 11.18%
Second Best
Mixed Use
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$846.7K
$740.9K – $987.8K
NOI $59,270 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction, flexible interior space, fenced outdoor area, and mixed-use zoning support varied commercial operations.
Where is this mixed-use property located?
The property is located at 6717 Lomas Blvd. NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,500‑square‑foot freestanding brick mixed‑use building; MX‑M zoning allows on‑site living; Flexible interior with storefront, private offices, workstations, storage, and warehouse space
