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1011 4th St NW
1011 4th St NW Albuquerque, NM 87102
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Overview
100% occupied multi-tenant investment property in downtown Albuquerque within walking distance to the Metro Courthouse, District Courthouse and Federal Courthouse. Directly adjacent to Monroe's Restaurant at the corner of 4th Street and Mountain Road. Two NNN leases in place with personal guarantees and many tenant improvements completed in the 2024 remodel. New TPO roof, new parking lot resurfacing/striping, new upgraded 3-phase power and new HVAC rooftop unit installed by landlord in 2023. $50,300 NOI and 8.75% cap rate. Owner financing may be considered.
Owner/Broker.
Attachments
For Sale
Investment
- Sale Price
- $575,000
- Price Per SF
- $143.8/SF
- Investment
- Yes
- Cap Rate
- 8.75%
- Gross Income
- $50,300
- Net Operating Income
- $50,300
- Building Size
- 4,000 SF
- Acres
- 0.23 ac
- Zoning
- MX-L
- Zoning Description
- Low Intensity
- Tenant
- Cannabis Retail and Cannabis Cultivation tenants
- Building Name
- 1007-1011 4th Street NW
- Building Class
- B
- Floors
- 1
- Parking Spaces
- 10
- Submarket
- Downtown
- Nearest MSA
- Albuquerque
- Property Use Type
- Net Leased (NNN)
- Property Status
- Existing
- Average Occupancy Rate
- 100
- Power Provider
- Private - PNM
- Water Provider
- City - ABCWUA
- Sewer Provider
- City - ABCWUA
- Natural Gas Provider
- Private - New Mexico Gas Company
- County
- Bernalillo
- Created
- 2025-01-23
- Updated
- 2025-02-06
- Listing ID
- 9ebeee74
- Parcel APN
- 101405821525835408