NE Heights Adaptable Commercial
For Sale
$303,000
8914 Menaul Boulevard NE, Albuquerque, NM 87112
Adaptable commercial space in a high-visibility NE Heights location.
Property Size1,782 SF
Price / SF$170.03
Days on Market218
Property Features for 8914 Menaul Boulevard NE
General Information
Standard status
Active
Size
1,782 SF
Site & Location
Neighborhood
Nea
Listing Agency:
NAI SunVista Commercial RE
Listed By:
Luke Scarpa · License #REC-2023-0302
(505) 504-8883
Source:
Thesouthwestlife
Added: Mar 27
Changed: Oct 26
Last Checked: Oct 7 at 4:20PM
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 Commercial RE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story commercial space is located in the NE Heights area and offers high visibility on Menaul Blvd. The property features an efficient floor plan and existing veterinary improvements. It is adaptable to medical, professional, or retail uses. The location is conveniently situated near Uptown Albuquerque.
Key Highlights
- High visibility on Menaul Blvd.
- Great NE Heights location.
- Adaptable to medical, professional or retail uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,672
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,440
$473.4K
Cap Rate 7%
$338,171
$338.2K
Cap Rate 9%
$263,022
$263.0K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$38.5K $21.60/SF
− Vacancy
−$6.9K −$3.89/SF
EGI
$31.6K $17.71/SF
− OpEx
−$7.9K −$4.43/SF
NOI
$23.7K $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%
$473,440
Cap Rate 7%
$338,171
Cap Rate 9%
$263,022
Alternative Uses
Best Use
Office B
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$325.6K
$284.9K – $379.9K
NOI $22,793 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 9.96%
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
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Eubank Animal Clinic: Bernbaum Marjorie DVM — 1601 Eubank Blvd NE, Albuquerque, NM 87112
- Mary Berry DVM — 1601 Eubank Blvd NE, Albuquerque, NM 87112
- Eubank Animal Clinic — 1601 Eubank Blvd NE, Albuquerque, NM 87112
- Kerry L. Korber VMD MBA — 1601 Eubank Blvd NE, Albuquerque, NM 87112
- ABQ Mobile Vet — 1601 Eubank Blvd NE, Albuquerque, NM 87112
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable commercial space in a high-visibility NE Heights location.
Where is this medical office space located?
The property is located at 8914 Menaul Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $303,000.
What are key features of this property?
This property features: High visibility on Menaul Blvd.; Great NE Heights location.; Adaptable to medical, professional or retail uses.
