Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8500 Menaul Blvd NE Albuquerque, NM 87112

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Professional office building with modern lobby and mountain views.

    We can help!

    Listing Contact
    Walt Arnold, Ccim, Sior
    Source: Svn

    Listing Agent: Walt Arnold, Ccim, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    NE Heights Professional Office Building

    This professional office building is located in the Northeast Heights area, near Uptown, offering freeway accessibility and proximity to amenities. The building features a modern lobby designed to create an inviting atmosphere for tenants and visitors. Tenants have access to a shared conference room and on-site security. An excellent parking ratio is available for staff and clients. The building is well-maintained, providing a professional environment for businesses. Suites on the northeast corner offer views of the Sandia Mountains. Building and monument signage is available. One Executive Center is fiber optic equipped. The property is visible from Wyoming on Menaul.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eric Gilbert - NMLS ... Loan Service Ed Findlay, Senior ... Loan Service Wiseman Legal Group Law Firm Reed Richard PhD Physician Inszone Insurance Services Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5480916
    Latitude
    35.1083587

    Nearby Similar for Lease

    • $3,800 /Mo
      8,712 SF

      Albuquerque Office/Retail Space Available

      Well-located office/retail building with functional layout and attractive finishes.
      11920 Candelaria Rd NE, Albuquerque, NM 87112
      View Details
    • $4,000 /Mo
      20,909 SF

      Albuquerque Retail Space on Route 66

      High-visibility retail space on Route 66 with abundant parking.
      1520 Central Ave SE, Albuquerque, NM 87106
      View Details
    • New
      $2,000 /Mo
      33,977 SF

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Ave SE, Albuquerque, NM 87123
      View Details
    • $1,290 /Mo
      8,712 SF

      Renovated Office Suite For Lease

      Refurbished office suite in NE Heights neighborhood available for lease.
      10832 Prospect Ave NE, Albuquerque, NM 87112
      View Details
    • $1,150 /Mo
      17,860 SF

      Albuquerque Office Space For Rent

      Private corner office space available in Albuquerque, New Mexico.
      1101 Cardenas Dr NE, Albuquerque, NM 87110
      View Details
    • $975 /Mo
      69,696 SF

      Retail Space in Los Ranchos

      Move-in ready retail spaces in walkable Los Ranchos location.
      350 Osuna Rd NW, Los Ranchos, NM 87107
      View Details
    • $500 /Mo
      6,534 SF

      Albuquerque Office Space For Rent

      Spacious office suite with city views in iconic building.
      900 Park Ave SW, Albuquerque, NM 87102
      View Details
    • $1,695 /Mo
      6,970 SF

      Adaptable Commercial Space in Albuquerque

      Versatile 1,761 sq. ft. commercial space for rent.
      1601 San Pedro Dr NE, Albuquerque, NM 87110
      View Details
    • $450 /Mo
      31,363 SF

      Affordable Office Suite For Rent

      One-room office suite available for rent with utilities included.
      6300 Montano Rd NW, Albuquerque, NM 87120
      View Details
    • $12,500 /Mo
      50,094 SF

      Albuquerque Industrial Space For Lease

      Functional industrial property in Albuquerque's Sawmill District, available immediately.
      1501 12Th St NW, Albuquerque, NM 87104
      View Details
    • $1,785 /Mo
      3,049 SF

      Office Space in Albuquerque, NM

      Move-in ready office suites available for lease in Albuquerque.
      3007 Louisiana Blvd NE, Albuquerque, NM 87110
      View Details
    • $575 /Mo
      17,860 SF

      Office Space in Albuquerque, NM

      Office space available for rent in Albuquerque, New Mexico.
      1101 Cardenas Dr NE, Albuquerque, NM 87110
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office building with modern lobby and mountain views.
    Where is this office building located?
    The property is located at 8500 Menaul Blvd NE Albuquerque, NM.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the Northeast Heights near Uptown, offering swift freeway access and abundant amenities.; - Iconic and recently remodeled lobby creating a modern and inviting atmosphere.; - Excellent parking ratio for staff and clients.
    (505) 269-9358
    Request Owner's contact information
    8500 Menaul Blvd NE Albuquerque, NM 87112
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8500 Menaul Blvd NE
    Albuquerque, NM 87112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8500 Menaul Blvd NE Albuquerque, NM 87112
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Walt Arnold, Ccim, Sior
    Real Estate License ID: #9117
    (505) 269-9358 (505) 256-1255
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!