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    332 Adams St Albuquerque, NM 87108

    For Sale
    $250,000

    1,250 SF Office/Retail, $250K

    Property size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Prime East Nob Hill location! This 1,250 square foot commercial space, built in 2009, offers a versatile layout ideal for various professional uses. Currently configured as a salon, it features a bright, open workspace with hardwood floors, a restroom, and storage. The property benefits from shared parking and prominent building and monument signage. Zoned MX-T (Mixed-Use Transitional), it allows for a range of businesses. The single-story building is attractively priced at $250,000, or $200 per square foot. Located near the intersection of Zuni and Washington, this property offers excellent visibility and accessibility within a thriving Albuquerque neighborhood. The space is currently occupied by a month-to-month tenant. This presents a unique opportunity for immediate income generation or future redevelopment. The property's features include ample natural light, creating a welcoming and productive environment. Don't miss this chance to own a well-located commercial property in a desirable Albuquerque area.

    Property Features for 332 Adams St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,250 SF
    Class
    B

    Building Details

    Year Built
    2009
    Stories
    1
    Units
    1

    HighLights

    • $250,000 asking price for a 1,250 square foot creative office/ storefront.
    • Located in Albuquerque, NM, near Zuni and Washington in East Nob Hill.
    • Features a versatile open workspace, hardwood floors, and shared parking.
    • Currently built out as a salon, including office, restroom, and storage; Zoned MX‑T (Mixed‑Use Transitional).
    • Includes building and monument signage; Month‑to‑month tenant in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5939409
    Latitude
    35.0747527

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    FAQs

    What type of property is this?
    Individual retail property - 1,250 SF Office/Retail, $250K
    Where is this individual retail property located?
    The property is located at 332 Adams St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for a 1,250 square foot creative office/ storefront.; Located in Albuquerque, NM, near Zuni and Washington in East Nob Hill.; Features a versatile open workspace, hardwood floors, and shared parking.
    Request Owner's contact information
    332 Adams St Albuquerque, NM 87108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    332 Adams St Albuquerque, NM 87108
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