C-1 Live-Work
For Sale
$200,000
Pending
721 Isleta Blvd SW, Albuquerque, NM 87105
C-1 zoning, fenced yard space, and on-site parking shape this adaptable property.
Property Size1,125 SF
Days on Market154
Property Features for 721 Isleta Blvd SW
General Information
Standard status
Pending
Size
1,125 SF
Total Parking Spaces
10
Property subtype
Office
Zoning
C-1
Amenities
Power
Water
Sewer
Natural Gas
10 Parking Spaces
Building Details
Year Built
1949
Listing Agency:
EXP Realty, LLC
Listed By:
Andrea Hankins
(505) 554-3873
Source:
Carnm.resimplifi
Added: May 15
Changed: Oct 3
Last Checked: Oct 14 at 7:47PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Configured for residential use, this live-work property contains an approximately 1,125-square-foot building on approximately 0.20 acres. The 1949 improvement offers an adaptable interior layout, on-site parking, fenced yard space, and street-facing exposure. Its small-format configuration is suited to the stated potential for office, retail, salon, studio, wellness, service, or live-work applications, subject to applicable requirements.
The property fronts Isleta Blvd SW in Albuquerque’s South Valley, with approximately 13,397 vehicles per day along the corridor. The site also provides access to Downtown Albuquerque, nearby residential areas, local businesses, and major thoroughfares. C-1 zoning and the existing residential character create a setting that can accommodate owner occupancy, continued residential use where permitted, or commercial repositioning consistent with applicable approvals.
The property fronts Isleta Blvd SW in Albuquerque’s South Valley, with approximately 13,397 vehicles per day along the corridor. The site also provides access to Downtown Albuquerque, nearby residential areas, local businesses, and major thoroughfares. C-1 zoning and the existing residential character create a setting that can accommodate owner occupancy, continued residential use where permitted, or commercial repositioning consistent with applicable approvals.
Key Highlights
- Approximately 1,125 SF building on approximately 0.20 acres
- C‑1 zoning with existing residential configuration
- Approximately 13,397 vehicles per day along the Isleta corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,183
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,660
$263.7K
Cap Rate 7%
$188,329
$188.3K
Cap Rate 9%
$146,478
$146.5K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$20.9K $18.60/SF
− Vacancy
−$3.3K −$2.98/SF
EGI
$17.6K $15.62/SF
− OpEx
−$4.4K −$3.91/SF
NOI
$13.2K $11.72/SF
Area
ZIP 87105
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,660
Cap Rate 7%
$188,329
Cap Rate 9%
$146,478
Alternative Uses
Best Use
Office B
$188.3K
$164.8K – $219.7K
NOI $13,183 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$151.9K
$132.9K – $177.2K
NOI $10,631 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$245.5K
$214.8K – $286.4K
NOI $17,183 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
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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?
Live-work space - C-1 zoning, fenced yard space, and on-site parking shape this adaptable property.
Where is this live-work space located?
The property is located at 721 Isleta Blvd SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 1,125 SF building on approximately 0.20 acres; C‑1 zoning with existing residential configuration; Approximately 13,397 vehicles per day along the Isleta corridor
