4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER

2715 4th St NW, Albuquerque, NM 87107

Property Information

  • For Sale $520,000
  • Property Type Office
  • Property Size 2,400 SF
  • Lot Size 0.29 Acre
  • Zoning MX-M
  • Parking Spaces Avail. 30
  • Parking Ratio 12.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1980
  • Date Updated Sep 2, 2026

Description

2715 4th Street NW is a ±2,400 SF, four-suite retail/office property offering in-place income, recent capital improvements, and owner-user flexibility. The property is 100% leased at $3,936/month ($47,232/year) with tenants paying utilities, water, trash, CAM and landscaping. Current NOI of $39,025 delivers a 7.50% cap at thelist price; rolling all four suites to $24.00/SF as leases renew takes income to $57,432 and NOI to $49,225 — a 9.47% pro forma cap and 26.1% NOI growth. An owner-user occupying Suite 1 (±768 SF, two private offices, waiting area, breakroom, two bathrooms) keeps three leased suites producing $2,570/month, bringing net occupancy cost to roughly $342/month after principal paydown — about $835/month cheaper than leasing comparable space. Recent improvements include a new roof, fresh paint, and brand-new evaporative coolers on all four suites. Locatedon the 4th Street corridor at ±15,566 VPD, one block from a ±300-unit Class B+ apartment development now underway.

  • ±2,400 SF four-suite retail/office building on
  • 0.19 AC —
  • 100% leased — $3,936/month | $47,232/year in-place
  • 7.50% cap on in-place NOI of $39,025 NNN Includes: Taxes, Insurance, and CAMS Tenant pays utilities, water, trash
  • 9.43% PRO-FORMA CAP—

RECENT IMPROVEMENTS: New roof, fresh paint, and brand-new evaporative coolers on all four suites — completed within the past six months

SUITE MIX:

  • Suite 1: ±768 SF — $1,366/mo
  • Suite 2: ±428 SF — $795/mo
  • Suite 3: ±414 SF — $675/mo
  • Suite 4: ±783 SF — $1,100/mo

Flexible for retail, office, professional services, medical, and neighborhood-serving uses

PRO FORMA UPSIDE:

  • Market rent of $24.00/SF across all four suites vs. $19.74 blended in place $57,432 gross
  • 9.47% pro forma cap at $520,000 Expenses held flat, so rent growth flows almost entirely to

NOI OWNER-USER SCENARIO –OCCUPY SUITE 1: Suite 1: ±768 SF — 2 private offices, waiting area, breakroom,2 bathrooms Three remaining suites (±1,625 SF) stay leased at $2,570/month current, $3,250 pro forma Net monthly outlay of $1,216 current / $536 pro forma True cost of occupancy: $342/month ($5.34/SF/yr) afterprincipal paydown ~$835/month advantage vs. leasing comparable space —$10,020 in year one $104,000 down (20%), $10,488 of principal equity built in year one

DEMOGRAPHICS:

  • 15,566 VPD — 4th Street NW / Menaul Blvd NW
  • $74,967 average household income within 2 miles
  • ±300-unit Class B+ multifamily development one block away Established, redeveloping 4th Street commercial corridor

Contacts

Location

Located at 2715 4th St NW, Albuquerque, NM 87107, this property is part of the Near North Valley neighborhood and Albuquerque market.

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