Value-Add in The Heart of Nob Hill
200 Hermosa Drive Northeast, Albuquerque, NM 87108
Property Highlights & Information
- Located in the Heart of Nob Hill
- Current NOI - $135,597.00 | 4.8% CAP
- 6.2% CAP - Pro-Forma (Market Rents)
- GRM - 16.37% | $121,000/door
- 22 Units | 1 Commercial Unit
- Property historically 98%+ occupied (currently 100%)
- Rents well below submarket average
- Considerable upside on all units
- Property surrounded by new multi-family assets
- Less than 5 minutes to UNM main campus
| Space Available: | 11,369 SF |
|---|
Available Opportunities
11,369 SF
Demographic Information
| Population (3m) | 109,704 |
|---|---|
| Average Household Income (3m) | $56,419 |
| Traffic Count | Central: 23,700 VPD (Source: STDB 2022) |
