Downtown Office Building with
For Sale
$395,000
716 6th St NW, Albuquerque, NM 87102
Functional office layout includes three offices plus restroom and kitchen/break room, with covered and fenced staff parking.
Property Size1,262 SF
Price / SF$312
Days on Market226
Property Features for 716 6th St NW
General Information
Standard status
Active
Size
1,262 SF
Property subtype
Office
Zoning
MX-FB-UD
Site & Location
Neighborhood
Acr
Highway Access
Yes
Fenced Yard
Yes
Amenities
three offices
restroom
kitchen/break room
covered parking
fenced and gated off-street lot
additional parking
basement storage
Listing Agency:
NAI SunVista
Listed By:
Clay Azar · License #19038
(505) 480-9777
Source:
Carnm.resimplifi
Added: Mar 25
Changed: Oct 26
Last Checked: Nov 4 at 9:41AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers a functional layout with three offices, a restroom, and a kitchen/break room. Additional amenities include covered parking, a fenced and gated off-street lot for staff and visitors, and basement storage. There is also additional parking located behind the building.
The property is positioned for easy access to I-40 and I-25 and is described as being in downtown near courthouses and city amenities. It is also noted to be close to dining, art galleries, and shops in Old Town.
Overall, the configuration supports private office use with on-site storage and multiple parking options to serve employees and visitors.
The property is positioned for easy access to I-40 and I-25 and is described as being in downtown near courthouses and city amenities. It is also noted to be close to dining, art galleries, and shops in Old Town.
Overall, the configuration supports private office use with on-site storage and multiple parking options to serve employees and visitors.
Key Highlights
- Functional office layout with three offices, a restroom, and a kitchen/break room
- Covered parking plus a fenced and gated off‑street lot for staff and visitors
- Additional parking located behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,764
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
$335.3K
Cap Rate 7%
$239,486
$239.5K
Cap Rate 9%
$186,267
$186.3K
Market Conditions
NOI Build-Up for 1,262 SF
Gross rent
$27.3K $21.60/SF
− Vacancy
−$4.9K −$3.89/SF
EGI
$22.4K $17.71/SF
− OpEx
−$5.6K −$4.43/SF
NOI
$16.8K $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%
$335,280
Cap Rate 7%
$239,486
Cap Rate 9%
$186,267
Alternative Uses
Best Use
Office B
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.3K
$267.1K – $356.2K
NOI $21,371 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,505
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Functional office layout includes three offices plus restroom and kitchen/break room, with covered and fenced staff parking.
Where is this office unit located?
The property is located at 716 6th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Functional office layout with three offices, a restroom, and a kitchen/break room; Covered parking plus a fenced and gated off‑street lot for staff and visitors; Additional parking located behind the building
