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Buffalo Building 12126 N Hwy 14 5,352 SF Vacant Office Building Cedar Crest, NM 87008 $497,736 ($93/SF) 3.52% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner/user opportunity with passive income stream
- Monument signage and strong highway visibility
- 15 minutes from Albuquerque metro access
- Four tenants in place with stable gross income
- Located in high-income Cedar Crest corridor
EXECUTIVE SUMMARY
Positioned in the scenic foothills of the Sandia Mountains, the Cedar Crest Office Building offers a rare owner/user opportunity with passive income in a high-income corridor just 15 minutes from Albuquerque. This ±5,352 SF property sits on ±0.59 acres and features a mix of established tenants, providing immediate cash flow with a net operating income of $17,532. The building’s monument signage and excess parking enhance visibility and accessibility along NM Hwy 14, a key arterial route through the East Mountains.
The property’s flexible A-2 zoning supports a variety of professional uses, and its location within a growing residential and commercial enclave makes it ideal for investors seeking long-term upside. With an average household income exceeding $140,000 within a 5-mile radius and proximity to local anchors like Triangle Grocery and Burger Boy, the site benefits from strong community engagement and daytime employment. Whether repositioned for full occupancy or held as a hybrid investment, this asset offers a compelling blend of stability and upside.
The property’s flexible A-2 zoning supports a variety of professional uses, and its location within a growing residential and commercial enclave makes it ideal for investors seeking long-term upside. With an average household income exceeding $140,000 within a 5-mile radius and proximity to local anchors like Triangle Grocery and Burger Boy, the site benefits from strong community engagement and daytime employment. Whether repositioned for full occupancy or held as a hybrid investment, this asset offers a compelling blend of stability and upside.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,352 SF
Building Class
C
Year Built
1994
Price
$497,736
Price Per SF
$93
Cap Rate
3.52%
NOI
$17,532
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,784 SF
Slab To Slab
9’
Building FAR
0.78
Lot Size
0.16 AC
Zoning
A-2
Parking
18 Spaces (3.36 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 1-029-060-351120-4-02-17 | Improvements Assessment | $154,622 (2025) |
| Land Assessment | $21,191 (2025) | Total Assessment | $175,813 (2025) |
PROPERTY TAXES
Parcel Number
1-029-060-351120-4-02-17
Land Assessment
$21,191 (2025)
Improvements Assessment
$154,622 (2025)
Total Assessment
$175,813 (2025)
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Buffalo Building | 12126 N Hwy 14
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