4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER

For Sale

2715 4th St NW, Albuquerque, NM 87107

This Albuquerque property for sale is located at 2715 4th St NW. The general use of 4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER is office and it incorporates 2,400 square feet of class B office space. The current listed sale price for 4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER is $520,000. 4-SUITE RETAIL/OFFICE · INVESTMENT/OWNER USER is situated on a lot that is 0.29 acre in size.

Contacts

Christian File

Berkshire Hathaway NM Commercial Real Estate

Property Details

  • 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

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
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Getting around

  • 77/100

    Walk Score ®

  • 29/100

    Transit Score ®

  • 73/100

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Location

  • City Albuquerque, NM
  • Neighborhood Near North Valley
  • Zip Code 87107
  • Market Albuquerque

Points of Interest

  • Montaño

    1.87 miles

  • Aquarium/Garden Station

    2.37 miles

  • Tingley Station

    2.42 miles

  • Africa Train Station

    2.49 miles

  • Asia Train Station

    2.52 miles

  • Los Ranchos/Journal Center

    4.72 miles

  • Bernalillo County/International Sunport

    5.71 miles

  • Sandia Pueblo

    7.33 miles

  • Love's

    0.35 miles

  • Speedway

    0.56 miles

  • ChargePoint

    1.00 miles

  • Maverik

    1.28 miles

  • Phillips 66

    1.33 miles

  • Valero

    1.45 miles

  • Chevron

    1.46 miles

  • Shell

    1.48 miles

  • Tesla Supercharger

    1.94 miles

  • Metro Park

    1.39 miles

  • Bank of the West Center Garage

    1.57 miles

  • Old Town Plaza Verde Parking

    1.79 miles

  • Convention Parking

    1.81 miles

  • Medical Towers Parking

    1.81 miles

  • Main Hospital & Visitor Parking

    1.81 miles

  • Albuquerque Plaza Office & Hotel

    1.87 miles

  • New Mexico Bank & Trust Parking

    2.07 miles

  • New UNMH Parking Garage

    2.15 miles

  • Maxwell Museum Parking

    2.24 miles

  • Comfort Inn & Suites

    0.50 miles

  • TownePlace Suites Albuquerque Old Town

    0.55 miles

  • Holiday Inn Express & Suites

    0.70 miles

  • Quality Inn & Suites

    1.02 miles

  • Painted Lady Bed & Brew

    1.07 miles

  • Ambassador Inn Albuquerque

    1.11 miles

  • SureStay by Best Western

    1.16 miles

  • Querque Hotel

    1.21 miles

  • Crowne Plaza Albuquerque

    1.29 miles

  • Home2 Suites by Hilton Albuquerque/Downtown-University

    1.30 miles

  • Foodking

    1.31 miles

  • Lowes Foods

    1.52 miles

  • La Montañita Co-op Rio Grande

    1.65 miles

  • Silver Street Market

    2.08 miles

  • Walmart Supercenter

    2.18 miles

  • Shamrock Foods Foodservice Warehouse

    2.23 miles

  • Smith's

    2.40 miles

  • Whole Foods Market

    2.58 miles

  • La Montanita

    2.63 miles

  • Burlington

    2.92 miles

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