Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5528 Eubank Blvd Albuquerque, NM 87111

    • Commercial real estate
    • 11,730 SF
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0335792
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Passion Preschool / Preschool
    • Kids Academy Child Learning Center / Child Care Agency
    • New Mexico Early Learning Academy / Day Care Center
    • Ambrose Barber & Styling Salon / Hair Salon / Barber Shop
    • Tutor-Me Albuquerque / Education Center / Tutoring Service

    Property Details for 5528 Eubank Blvd

    Property size
    11,730 SF
    Property type
    Commercial real estate

    Description

    This exceptional Albuquerque office property, located at 5528 Eubank Blvd NE, offers 11,730 square feet of versatile space currently available for lease. The building is zoned MX-T and situated in the Far Northeast Heights submarket of Bernalillo County, New Mexico (zip code 87111). Multiple tenancy options exist, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,000 square feet. The property's adaptable design makes it suitable for various uses, including traditional office spaces, educational facilities, small fitness centers, or conference centers. Individual suites offer open floor plans, allowing for customization to meet specific tenant needs. Suite 5 provides four configurable options ranging from 1,200 to 3,700 square feet, potentially including a large common area conference space. Suite 2 incorporates a private classroom-style room and access to the common area conference space, ideal for weekend use by churches or educational institutions. Note that the large conference area and common restrooms are available for evening and weekend use only. Prominent monument signage on the high-traffic Eubank Blvd NE is available for Suites 2 and 5. This property presents a unique opportunity in a desirable Albuquerque location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5310633
    Latitude
    35.1426598

    Comparable in this City

    • $9 SF/Yr
      48,104 SF

      Los Altos Plaza: Medical Office Space

      Albuquerque medical office suites available.
      4200 Wyoming Blvd, Albuquerque, NM 87111
      View Details
    • $13 SF/Yr
      9,013 SF

      Juan Tabo Office Suite D

      Albuquerque Office Space - Immediate Occupancy
      3750 Juan Tabo Blvd, Albuquerque, NM 87111
      View Details
    • $17 SF/Yr
      1,542 SF

      Prime Albuquerque Office Space

      1,542 sq ft, Single Tenant, Move-In Ready
      4223 Eubank Blvd, Albuquerque, NM 87111
      View Details
    • $16 SF/Yr
      1,461 SF

      Albuquerque Creative Office Space

      1,461 SF Dance Studio, Great Location
      4520 Lower Terrace Cir, Albuquerque, NM 87111
      View Details
    • $19 SF/Yr
      375 SF

      Office Space in Established Area

      Office space for rent in a well-established Albuquerque area.
      10409 Montgomery Pkwy NE, Albuquerque, NM 87111
      View Details
    • $13 SF/Yr
      9,013 SF

      Prime Albuquerque Office Space

      Executive/Creative Office Suites Available Now
      3750 Juan Tabo Blvd, Albuquerque, NM 87111
      View Details

    Similar Nearby for Sale

    • $419,000
      1,672 SF

      Well-Maintained Office Condominium For Sale

      1,672 SF office condominium with mountain views and excellent access.
      4550 Eubank Blvd NE, Albuquerque, NM 87111
      View Details
    • $992,000

      Land in High-Traffic Area

      Commercial land with high visibility and multiple access points.
      11301 Montgomery Blvd NE, Albuquerque, NM 87111
      View Details
    • Contact for pricing
      1.34 Acres

      Albuquerque Commercial Land - 1.3 Acres

      Prime NE Albuquerque location, ideal retail development.
      4401 Wyoming Blvd, Albuquerque, NM 87111
      View Details
    • $145,000
      0.46 Acres

      Land with City and Mountain Views

      Residential land with city lights and mountain views in Albuquerque.
      4428 Skyline Ct NE, Albuquerque, NM 87111
      View Details
    • $579,000
      1.37 Acres

      Albuquerque Land with Panoramic Views

      1.37 acre lot in Wilderness Estates with city and mountain views.
      13604 Barranca Vista Ct NE, Albuquerque, NM 87111
      View Details
    • $384,000
      0.42 Acres

      Albuquerque Commercial Land with Cell Tower

      0.42-acre commercial property with cell tower lease in Albuquerque.
      4565 Juan Tabo Blvd NE, Albuquerque, NM 87111
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      48,104 SF

      Los Altos Plaza: Medical Office Space

      Albuquerque medical office suites available.
      4200 Wyoming Blvd, Albuquerque, NM 87111
      View Details
    • $16 SF/Yr
      1,461 SF

      Albuquerque Creative Office Space

      1,461 SF Dance Studio, Great Location
      4520 Lower Terrace Cir, Albuquerque, NM 87111
      View Details
    • $13 SF/Yr
      9,013 SF

      Juan Tabo Office Suite D

      Albuquerque Office Space - Immediate Occupancy
      3750 Juan Tabo Blvd, Albuquerque, NM 87111
      View Details
    • $17 SF/Yr
      1,542 SF

      Prime Albuquerque Office Space

      1,542 sq ft, Single Tenant, Move-In Ready
      4223 Eubank Blvd, Albuquerque, NM 87111
      View Details
    • $19 SF/Yr
      375 SF

      Office Space in Established Area

      Office space for rent in a well-established Albuquerque area.
      10409 Montgomery Pkwy NE, Albuquerque, NM 87111
      View Details
    • $13 SF/Yr
      9,013 SF

      Prime Albuquerque Office Space

      Executive/Creative Office Suites Available Now
      3750 Juan Tabo Blvd, Albuquerque, NM 87111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5528 Eubank Blvd
    Albuquerque, NM 87111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.