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    505 Marquette Ave NW Albuquerque, NM 87102

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    For Lease
    $16 SF/Yr

    Premier downtown location with modern amenities and telecommunications infrastructure.

    Property size:
    223,000 SF
    Lot size:
    223,000 SF

    Property Features for 505 Marquette Ave NW

    General Information

    Size
    223,000 SF

    Source: Kelly Schmidt, SIOR, MICP Agent Kelly Schmidt, SIOR, MICP

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

    Overview

    Downtown Albuquerque Landmark Office Building

    505 Marquette is a landmark office building located in the heart of Downtown Albuquerque. It serves as the city’s telecommunications infrastructure hub, hosting over 15 regional and international carriers. Tenants benefit from leading-edge bandwidth and colocation opportunities within the building’s "meet-me room." The property provides striking views and a range of amenities, including secured garage parking, an on-site café, a large fitness center, and storage space. Visitor parking is conveniently available on the surface. On-site banking services are also provided. The building has undergone significant modernization, including $2 million in fully modernized elevators, a new HVAC system with full energy recommissioning, and an LED retrofit. The property is recognized as a "green" building, operating with high efficiency. A shared conference room is available for tenant use, and complimentary movie-style popcorn is offered in the lobby. The building's premier downtown location offers close proximity to the court houses and city offices. The property has a total size of 223000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H5 Data Centers Business To Business Service US Interior Department Conservation Department Dentist Hispano Albuquerque ... Dental Clinic PNC ATM Atm ValuTel Telephone Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store 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
    -106.6526886
    Latitude
    35.0885182

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    FAQs

    What type of property is this?
    Office building - Premier downtown location with modern amenities and telecommunications infrastructure.
    Where is this office building located?
    The property is located at 505 Marquette Ave NW Albuquerque, NM.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Premier downtown location near courthouses and city offices.; - Telecommunications hub with colocation opportunities in the building’s "meet-me room."; - Secured garage parking and ample visitor parking.
    (505) 417-1214
    Request Owner's contact information
    505 Marquette Ave NW Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    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.

    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.

    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
    505 Marquette Ave NW Albuquerque, NM 87102
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