Flex Space with
For Sale
$450,000
6717 LOMAS Boulevard NE, Albuquerque, NM 87110
Commercial Sale, Albuquerque, NM
Property Size3,500 SF
Lot Size0.19 Acres
Price / SF$128.57
Days on Market628
Property Features for 6717 LOMAS Boulevard NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ABQ City
Parking
10
Directions
From Louisiana NE, West on Lomas to property on the corner of Georgia and Lomas on the north side of Lomas.
Subdivision
70 - Fairgrounds
Standard status
Active
APN
101805842201440503
Lot size
0.19 Acres
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Description
Corner lot
Tax Annual Amount
6711
Legal Description
Corner lot
Amenities
multiple offices and workstations
expansive storage and warehouse
two restrooms
large fenced outdoor area
monument signage
front awning
Building Details
Floors in Building
1
Buildings
1
Listing Agency:
Limitless Realty, LLC
(505) 933-8888
Listed By:
Jennifer A Souhrada · License #38801
(505) 321-6796
Added: Feb 14, 2025
Changed: Oct 30
Last Checked: Nov 3 at 1:06AM
MLS# 1092523
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,500-square-foot freestanding brick flex property contains multiple offices and workstations, warehouse and storage areas, and two restrooms. A fenced outdoor area, front awning, updated storefront windows, and a newer roof add to the building’s existing features. The 0.19-acre site also provides up to 10 parking spaces.
Positioned on Lomas Boulevard NE across from the Fairgrounds, the property has monument signage and reported daily traffic of more than 25,000 vehicles. The Fairgrounds draws approximately 497,000 visitors annually. The property is in Albuquerque’s Northeast Heights, a couple of blocks west of Louisiana Boulevard.
Positioned on Lomas Boulevard NE across from the Fairgrounds, the property has monument signage and reported daily traffic of more than 25,000 vehicles. The Fairgrounds draws approximately 497,000 visitors annually. The property is in Albuquerque’s Northeast Heights, a couple of blocks west of Louisiana Boulevard.
Key Highlights
- 3,500‑square‑foot freestanding brick flex property
- 0.19‑acre site with up to 10 parking spaces
- Multiple offices and workstations, plus warehouse and storage areas
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
Flex RnD
$444.6K
$389.0K – $518.7K
NOI $31,122 @ 7.0% cap · market cap 6.92%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Brick construction combines office areas with warehouse and storage space for varied business operations.
Where is this flex space located?
The property is located at 6717 LOMAS Boulevard 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 flex property; 0.19‑acre site with up to 10 parking spaces; Multiple offices and workstations, plus warehouse and storage areas
