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4311 Sara Rd SE 27,000 SF 100% Leased Flex Building Albuquerque, NM 87124 $4,100,000 ($151.85/SF) 9.12% Cap Rate
Investment Highlights
- 100% leased
- Seller has made significant capital improvements to the building
- 17 tenants with staggered leases
Executive Summary
• 17 tenants with staggered leases
• Seller has made significant capital improvements to the building
• Located in Rio Rancho, the fastest growing submarket in the metro area
• Well-diversified tenant mix which includes counseling, construction, and fitness
• Functional suite layouts aligned with market demand.
Property Facts
| Price | $4,100,000 | Lot Size | 1.17 AC |
| Price Per SF | $151.85 | Rentable Building Area | 27,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.12% | Year Built/Renovated | 2009/2020 |
| Property Type | Flex | Parking Ratio | 2.63/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 12’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Zoning | C-2 - The C-2 (Intermediate Commercial) zoning designation typically allows for a broad range of commercial and retail uses. | ||
| Price | $4,100,000 |
| Price Per SF | $151.85 |
| Sale Type | Investment |
| Cap Rate | 9.12% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 1.17 AC |
| Rentable Building Area | 27,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2009/2020 |
| Parking Ratio | 2.63/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | C-2 - The C-2 (Intermediate Commercial) zoning designation typically allows for a broad range of commercial and retail uses. |
Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite 101: 682 sqft with garage door. First-floor corner unit on the east side of the property. Connects to common areas. Ground-level location with drive-in capability.
1,000 SF open-plan office suite featuring a kitchen and private storage room.
396 sqft private office, suitable for 2-3 people with a private restroom and a kitchen within the suite. Ideal for professionals seeking a functional workspace with added privacy and convenience.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 101 | 682 SF | Flex | Shell Space | Now |
| 2nd Fl-Ste 202 | 1,030 SF | Office | - | Apr 2026 |
| 2nd Fl-Ste 212 | 396 SF | Office | - | Apr 2026 |
1st Fl - 101
| Size |
| 682 SF |
| Space Use |
| Flex |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 1,030 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Apr 2026 |
2nd Fl-Ste 212
| Size |
| 396 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Apr 2026 |
1st Fl - 101
| Size | 682 SF |
| Space Use | Flex |
| Condition | Shell Space |
| Available | Now |
Suite 101: 682 sqft with garage door. First-floor corner unit on the east side of the property. Connects to common areas. Ground-level location with drive-in capability.
2nd Fl-Ste 202
| Size | 1,030 SF |
| Space Use | Office |
| Condition | - |
| Available | Apr 2026 |
1,000 SF open-plan office suite featuring a kitchen and private storage room.
2nd Fl-Ste 212
| Size | 396 SF |
| Space Use | Office |
| Condition | - |
| Available | Apr 2026 |
396 sqft private office, suitable for 2-3 people with a private restroom and a kitchen within the suite. Ideal for professionals seeking a functional workspace with added privacy and convenience.
Property Taxes
| Parcel Number | 1-014-068-100-005 | Improvements Assessment | $479,973 |
| Land Assessment | $120,027 | Total Assessment | $600,000 |
Property Taxes
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4311 Sara Rd SE
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