Office
For Sale
Contact for pricing
7520 MONTGOMERY BLVD NE, Albuquerque, NM 87109
For sale office building offering 6,862 SF, with a recorded status update dated 05/31/2024.
Property Size1,645 SF
Price / SF$230.40
Days on Market147
Property Features for 7520 MONTGOMERY BLVD NE
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Office
Zoning
MX-L
Building Details
Year Built
1982
Units
1
Listing Agency:
SunVista Commercial Real Estate
Listed By:
Clay Azar · License #19038
Source:
Crexi
Added: Apr 14
Changed: Aug 23
Last Checked: Sep 7 at 11:40AM
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 SunVista Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale office building totals 6,862 SF, providing a dedicated commercial footprint for professional office use. Public remarks also reference a status update dated 05/31/2024.
The property is located at 7520 MONTGOMERY BLVD NE in Albuquerque, NM. Prospective buyers and tenants can review the space layout and condition directly as part of their due diligence.
Additional published details beyond the overall size and the referenced date are not provided in the information available here.
The property is located at 7520 MONTGOMERY BLVD NE in Albuquerque, NM. Prospective buyers and tenants can review the space layout and condition directly as part of their due diligence.
Additional published details beyond the overall size and the referenced date are not provided in the information available here.
Key Highlights
- Office building built in 1982
- 6,862 SF office space for sale
- Recorded status update dated 05/31/2024
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
$21,852
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
5.77%
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%
$437,040
$437.0K
Cap Rate 7%
$312,171
$312.2K
Cap Rate 9%
$242,800
$242.8K
Market Conditions
NOI Build-Up for 1,645 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
$35.5K $21.60/SF
− Vacancy
−$6.4K −$3.89/SF
EGI
$29.1K $17.71/SF
− OpEx
−$7.3K −$4.43/SF
NOI
$21.9K $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 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%
$437,040
Cap Rate 7%
$312,171
Cap Rate 9%
$242,800
Alternative Uses
Best Use
Office B
$312.2K
$273.2K – $364.2K
NOI $21,852 @ 7.0% cap · market cap 5.77%
Second Best
Healthcare Medical
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
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?
Office building - For sale office building offering 6,862 SF, with a recorded status update dated 05/31/2024.
Where is this office building located?
The property is located at 7520 MONTGOMERY BLVD NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Office building built in 1982; 6,862 SF office space for sale; Recorded status update dated 05/31/2024
