Office Condominium with Private
8300 Carmel Avenue Northeast, Albuquerque, NM 87122
For Sale
Contact for pricing
The office layout includes dedicated rooms for meetings and staff breaks.
Property Size1,810 SF
Price / SF$260.72
Days on Market37
Property Features for 8300 Carmel Avenue Northeast
General Information
Standard status
Size
Property subtype
Financials
Asking Price
HOA Fee
Site & Location
Neighborhood
Additional Details
Condition
Property Use
Amenities
building signage
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Ed Anlian · License NM #14869
(540) 842-7551
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 12 at 5:06AM
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 Johnson Commercial Real Estate
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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 1,810±-square-foot office condominium at La Cueva Office Park is arranged with four private offices, a conference room, and a separate break room. Building signage is available for the unit.
The property is on Carmel Avenue Northeast in Albuquerque, just off Paseo del Norte. The corridor carries 35,688± cars per day.
The property is on Carmel Avenue Northeast in Albuquerque, just off Paseo del Norte. The corridor carries 35,688± cars per day.
Key Highlights
- 1,810± square feet in an office condominium
- Four private offices, a conference room, and a separate break room
- Building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,044
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,880
$480.9K
Cap Rate 7%
$343,486
$343.5K
Cap Rate 9%
$267,156
$267.2K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$39.1K $21.60/SF
− Vacancy
−$7.0K −$3.89/SF
EGI
$32.1K $17.71/SF
− OpEx
−$8.0K −$4.43/SF
NOI
$24.0K $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%
$480,880
Cap Rate 7%
$343,486
Cap Rate 9%
$267,156
Alternative Uses
Best Use
Office B
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.9K
$383.1K – $510.9K
NOI $30,651 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 87122, NM
18,225
Population
7,139
Households
2.6
Avg Household Size
50
Median Age
73%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
840
Density / Sq Mi
$161,299
Median Household Income
$83,874
Median Earnings
$1,900
Median Rent
$614,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The office layout includes dedicated rooms for meetings and staff breaks.
Where is this office unit located?
The property is located at 8300 Carmel Avenue Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $471,900.
What are key features of this property?
This property features: 1,810± square feet in an office condominium; Four private offices, a conference room, and a separate break room; Building signage available
