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    1120 Pennsylvania St NE Albuquerque, NM 87110

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    For Sale
    $2,250,000

    Office building near Uptown with income potential and modern upgrades.

    Property size:
    15,655 SF
    Lot size:
    1.00 Acres

    Property Features for 1120 Pennsylvania St NE

    General Information

    Size
    15,655 SF
    Lot size
    1.00 Acres

    Source: NAI SunVista - Albuquerque Agent Shelly Branscom

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

    Overview

    Albuquerque Office Building For Sale

    This office building, located close to Uptown Albuquerque, offers convenient access to I-40. It is suitable for an owner-user seeking income-earning opportunities. The property features elevator access to the second floor and a building security system. Windows throughout the building provide natural lighting. Recent updates include flooring, paint, and restrooms. The parking ratio is 3.5 spaces per 1,000 square feet. A new roof was installed in 2022. The building utilizes an efficient 2-pipe AC and electric heat system, which includes a rooftop chiller installed in 2018 and new pumps installed in 2022 and 2023. Lighting upgrades have been implemented to reduce energy consumption. Lumen fiber and Comcast internet services are available. The property has a total size of 15,655 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apex Insurance Agency Insurance Agency Companion Care Home Health Care Service Consumer Direct Care ... Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5588189
    Latitude
    35.0902977

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    FAQs

    What type of property is this?
    Office building - Office building near Uptown with income potential and modern upgrades.
    Where is this office building located?
    The property is located at 1120 Pennsylvania St NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Close proximity to Uptown and easy I-40 access.; - Income-earning potential for owner/user.; - **New roof (2022) and recent chiller/pump replacements (2018, 2022, 2023).**
    (505) 414-2669
    Request Owner's contact information
    1120 Pennsylvania St NE Albuquerque, NM 87110
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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
    1120 Pennsylvania St NE Albuquerque, NM 87110
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