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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 CountCentral: 23,700 VPD (Source: STDB 2022)

Location

Brokers

Daniel Kearney
Vice President
Austin Tidwell, CCIM
Vice President

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