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Sierra Office Condos
217 Sierra Dr SE, Albuquerque, NM 87108
Available Now
35 views
1 / 4
FOR SALEOffice / Creative
Cap Rate
8%
NOI
$27,600
Building Size
2,052SF
Parking Info
6
Lot Size
0.137AC
Year Built
1946
Listing Contacts
More property details
Year Renovated
2018
Tenancy
Single Tenant
Currently Leased
No
Broker Co-op
Yes
Property Class
B
No of Buildings
1
No of Stories
1
Units
2
Location
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Sierra Office Condos
About the location
Exceptional Nob Hill Investment Opportunity Explore this fully renovated 2,000 SF commercial property situated in the heart of Albuquerque’s highly desirable Nob Hill district. The property provides steady income with a long-term tenant under a triple-net (NNN) lease, offering about four years remaining—resulting in low ownership responsibilities and consistent expenses. Nob Hill is a lively, walkable area known for its unique character and strong tenant demand. Featuring an appealing 8% cap rate and attractive pricing, this investment combines location, reliability, and value—perfect for investors pursuing stable returns in a premier urban market. Zoned MX-T.