Multi-Tenant Storefront
For Sale
$1,000,000
9930 Mcknight Ave NE, Albuquerque, NM 87112
Commercial building with five separately metered suites, multiple entrances, loading infrastructure, and MX-L zoning.
Property Size5,682 SF
Price / SF$175.99
Days on Market343
Property Features for 9930 Mcknight Ave NE
General Information
Standard status
Active
Size
5,682 SF
Total Parking Spaces
13
Property subtype
Retail
Zoning
MX-L
Additional Details
Traffic Count
49,000 vehicles/day
Dock-High Doors
1
Amenities
Five MasterCool units
two bay doors and one loading dock
front/rear entrances
individual meters
alarm system
Power
Water
Sewer
Natural Gas
13 Parking Spaces
Building Details
Year Built
1988
Buildings
1
Building Size
5,682 SF
Tenancy
Multi
Listing Agency:
Realty One of New Mexico dba R1 Commercial
(505) 883-9400
Listed By:
Chris Byrd · License #50703
(505) 883-9400
Source:
Carnm.resimplifi
Added: Sep 22, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:16PM
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 Realty One of New Mexico dba R1 Commercial
Investment Insights
Based on property information with market context.
This 5,682 SF commercial building was constructed in 1988 and configured for five separately metered suites. Each suite has front and rear access, allowing the property to function as a multi-user facility or accommodate a single occupant. The building is currently occupied by one month-to-month tenant. Physical improvements include two bay doors, one loading dock, rear delivery access, an alarm system, and five MasterCool units that are all 2 years old or newer.
The property includes 13 front parking spaces and is positioned just off Eubank Blvd. in Albuquerque. Traffic counts on the nearby corridor are approximately 49,000 VPD. MX-L zoning is in place and supports a broad range of commercial uses. The configuration and existing improvements accommodate retail, showroom, office, and service-oriented operations, subject to applicable zoning requirements.
The property includes 13 front parking spaces and is positioned just off Eubank Blvd. in Albuquerque. Traffic counts on the nearby corridor are approximately 49,000 VPD. MX-L zoning is in place and supports a broad range of commercial uses. The configuration and existing improvements accommodate retail, showroom, office, and service-oriented operations, subject to applicable zoning requirements.
Key Highlights
- 5,682 SF commercial building constructed in 1988
- Five separately metered suites with front and rear entrances
- Two bay doors and one loading dock with rear delivery access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,676
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,633,520
$1.6M
Cap Rate 7%
$1,166,800
$1.2M
Cap Rate 9%
$907,511
$907.5K
Market Conditions
NOI Build-Up for 5,682 SF
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.
Gross rent
$126.1K $22.20/SF
− Vacancy
−$9.5K −$1.67/SF
EGI
$116.7K $20.54/SF
− OpEx
−$35.0K −$6.16/SF
NOI
$81.7K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,633,520
Cap Rate 7%
$1,166,800
Cap Rate 9%
$907,511
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,676 @ 7.0% cap · market cap 8.17%
Second Best
Flex RnD
$721.8K
$631.6K – $842.1K
NOI $50,524 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,221 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
49,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with five separately metered suites, multiple entrances, loading infrastructure, and MX-L zoning.
Where is this storefront property located?
The property is located at 9930 Mcknight Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,682 SF commercial building constructed in 1988; Five separately metered suites with front and rear entrances; Two bay doors and one loading dock with rear delivery access
