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Property profile & analytics
OFF-MARKET
Office buildings

115 Amherst SE Dr Albuquerque, NM 87106-1425

5,827 SF 0.14 ac lot Built 1954
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0188878
Property summary
AI-generated overview

This exceptional Albuquerque retail property, "The Corner @ Nob Hill," located at 115 Amherst Dr SE, offers three available spaces totaling 6,313 square feet in a historic building undergoing redevelopment. Each suite ranges from 1,744 to 2,441 contiguous square feet, ideal for a variety of uses including coffee shops, breweries, distilleries, restaurants, fitness centers, or retail shops. Built in 1954 and zoned MX-M, the property boasts 44 parking spaces. The planned redevelopment, slated for completion within 6-8 months, will deliver spaces in a "grey shell" condition, including two restrooms, bare concrete floors, painted walls, stubbed-in utilities, and a layout adaptable to tenant needs. Tenants have the opportunity to provide input on patio options, garage doors, and interior finishes. This prime Nob Hill location presents a unique chance to establish a business in a revitalized historic building. The property is currently fully vacant.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1954
Total area 5,827 SF
Lot 0.14 ac (5,968 SF)
APN 1-016-057-469-238-4-34-04
UPID US61-0188878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hassard David M Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Front Street Hotel Investment LLC · 1 yrs held
Front Street Hotel Investment LLC
since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2021
Price N/A
2017
Price N/A
2012
Price N/A
2008
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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