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Albuquerque Office Building For Sale

101 Sun Ave NE Albuquerque, NM 87109

101 Sun Ave NE, Albuquerque, NM, 87109
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Office building with open layout, convenient location, and ample parking.

Property Size12,078 SF
Price / SF$198.63
AddedApr 16, 2024
Days on Market821
Last RefreshMay 12 at 8:12 pm

Property Features for 101 Sun Ave NE

General Information

Standard status
Active
Size
12,078 SF
Property subtype
Office

Building Details

Year Built
1995

Listing office NAI SunVista

Listing date Apr 16, 2024

Source Crexi

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


Investment Insights

Based on property information with market context.

This commercial property, constructed in 1995 and renovated in 2015, offers an owner/user opportunity within a master-planned business location. The building features an open, collaborative layout, large conference and training rooms, and an additional conference room equipped with a coffee bar and gas fireplace. A break room is also included. The property has multiple access points and a combination of TPO and metal roofing. The site provides a parking ratio of 3.2 spaces per 1,000 square feet. The property is zoned IDO: NR-BP. The location provides convenient access to Paseo del Norte, I-25, and various amenities. The building size is 12,078 square feet and is located in Albuquerque, NM.

Key Highlights

  • Convenient location with easy access to Paseo del Norte, I‑25, and numerous amenities.
  • Prestigious master‑planned business location in a campus environment with lush grounds.
  • Open, collaborative layout with large conference and training rooms.

Local Financial Insights For Office B

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 $260.9k $21.60
− Vacancy −$47.0k −$3.89
EGI $213.9k $17.71
− OpEx −$53.5k −$4.43
NOI $160.4k $13.28
12,078 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.29M
$2.01M – $2.67M (±1% cap)
NOI $160,444 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M (±1% cap)
NOI $204,534 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Deborah Campbell, PT Medical Clinic Sundance Rehabilitation Center Pharmacy CareerStaff Unlimited - Albuquerque Employment Agency Career Staff Unlimited Employment Agency Sun Healthcare Group Advertising Agency

Suggested Use

Hair Salon Parking Lot & Garage Nail Salon Garden Center Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Barber Shop

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

FAQs

What type of property is this?
Office building - Office building with open layout, convenient location, and ample parking.
Where is this office building located?
The property is located at 101 Sun Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Convenient location with easy access to Paseo del Norte, I‑25, and numerous amenities.; Prestigious master‑planned business location in a campus environment with lush grounds.; Open, collaborative layout with large conference and training rooms.
Contact an agent
(505) 338-9873 Call to check price and availability
More about this property
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