950 4th St NW Albuquerque, NM 87102
33,000 SF mixed-use property with apartments and commercial space.
Property Features for 950 4th St NW
General Information
- Standard status
- Active
- Size
- 33,312 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Listing office Colliers - Albuquerque, New Mexico (505) 228-8818
Listing date Dec 16, 2019
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Albuquerque, New Mexico
Investment Insights
Based on property information with market context.
Key Highlights
- Adaptable ground‑floor commercial space (±7,950 SF) ideal for various programs.
- 23 residential units (one-, two-, and three‑bedroom), currently 87% occupied.
- Prime Route 66 location with high visibility and transit access.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $719.5k | $21.60 |
| − Vacancy | −$72.0k | −$2.16 |
| EGI | $647.6k | $19.44 |
| − OpEx | −$242.8k | −$7.29 |
| NOI | $404.7k | $12.15 |