Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6,086 sqft

$1,217,200

7900 Lorraine Court NE STE E, Albuquerque NM, 87113

Price per sqft$200.00
Property size6,086 sqft
Property typeCommercial
Courtesy of Berkshire Hathaway NM Prop

Overview

Active

Listed Nov 2, 2026

Updated 12 days ago

OWNER-USER PATH: Occupy Suite F and let Suite E's in-place NNN rent cover approximately 56% of the loan payment. The estimated net ownership cost is $3,301 per month, which is less than leasing one suite at $13.50/SF NNN, or approximately $3,423 per month--while gaining ownership of both suites. The owner-user can then expand into Suite E when its lease rolls.Two adjoining, fully renovated office/warehouse condominiums offered together as one package. Suite E is leased to an in-place NNN tenant, while Suite F is vacant and move-in ready.An owner-user can occupy Suite F, allow Suite E's rent to offset the cost of ownership, and expand into Suite E when its lease rolls. An investor can lease Suite F and hold both suites as a stabilized NNN asset.Each suite features a two-level office, high-ceiling warehouse, drive-in door, heavy 3-phase power, and its own gated, paved yard. The property is located less than one mile from Paseo del Norte and I-25, within one of Albuquerque's highest-occupancy, lowest-crime business corridors.INVESTOR PATH: Lease Suite F at the $13.50/SF NNN asking rate and hold both suites as a stabilized NNN investment with a 7.56% pro forma cap rate.

Additional information

MLS® ID
1113436

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$2,798
Tax Frequency
Annually
MLS provider logo

The information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Becca Owen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Powered by Luxury Presence