Contacts
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
Reach out to the broker for more info on lease terms and amenities
Getting around
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77/100
Walk Score ®
-
29/100
Transit Score ®
-
73/100
Bike Score ®
Location
- City Albuquerque, NM
- Neighborhood Near North Valley
- Zip Code 87107
- Market Albuquerque
Points of Interest
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Montaño
1.87 miles
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Aquarium/Garden Station
2.37 miles
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Tingley Station
2.42 miles
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Africa Train Station
2.49 miles
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Asia Train Station
2.52 miles
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Los Ranchos/Journal Center
4.72 miles
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Bernalillo County/International Sunport
5.71 miles
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Sandia Pueblo
7.33 miles
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Love's
0.35 miles
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Speedway
0.56 miles
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ChargePoint
1.00 miles
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Maverik
1.28 miles
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Phillips 66
1.33 miles
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Valero
1.45 miles
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Chevron
1.46 miles
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Shell
1.48 miles
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Tesla Supercharger
1.94 miles
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Metro Park
1.39 miles
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Bank of the West Center Garage
1.57 miles
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Old Town Plaza Verde Parking
1.79 miles
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Convention Parking
1.81 miles
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Medical Towers Parking
1.81 miles
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Main Hospital & Visitor Parking
1.81 miles
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Albuquerque Plaza Office & Hotel
1.87 miles
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New Mexico Bank & Trust Parking
2.07 miles
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New UNMH Parking Garage
2.15 miles
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Maxwell Museum Parking
2.24 miles
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Comfort Inn & Suites
0.50 miles
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TownePlace Suites Albuquerque Old Town
0.55 miles
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Holiday Inn Express & Suites
0.70 miles
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Quality Inn & Suites
1.02 miles
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Painted Lady Bed & Brew
1.07 miles
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Ambassador Inn Albuquerque
1.11 miles
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SureStay by Best Western
1.16 miles
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Querque Hotel
1.21 miles
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Crowne Plaza Albuquerque
1.29 miles
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Home2 Suites by Hilton Albuquerque/Downtown-University
1.30 miles
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Foodking
1.31 miles
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Lowes Foods
1.52 miles
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La Montañita Co-op Rio Grande
1.65 miles
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Silver Street Market
2.08 miles
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Walmart Supercenter
2.18 miles
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Shamrock Foods Foodservice Warehouse
2.23 miles
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Smith's
2.40 miles
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Whole Foods Market
2.58 miles
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La Montanita
2.63 miles
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Burlington
2.92 miles
Berkshire Hathaway NM Commercial Real Estate