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    2508 Garfield Ave SE Albuquerque, NM 87106

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    For Sale
    $1,300,000

    Three-building office complex with redevelopment potential near UNM.

    Property size:
    10,462 SF
    Lot size:
    0.76 Acres

    Property Features for 2508 Garfield Ave SE

    General Information

    Size
    10,462 SF
    Lot size
    0.76 Acres

    Source: COE Properties Inc Agent Steven Coe

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

    Overview

    Office Complex Near UNM

    This three-building office complex is located near the University of New Mexico. Each building is situated on its own fee simple lot. The complex, totaling 10,462 square feet, is currently configured as executive suites, featuring a total of 21 executive suites, 2 garage units, and 2 detached storage buildings. Additionally, there is a 2,800 square foot vacant office/retail suite in shell condition, requiring tenant improvements. The leased executive suites are on short-term leases, all expiring in less than 12 months, offering redevelopment potential while maintaining income during the planning stages. The property is suitable for an owner-occupied user. The seller will consider selling individual fee simple lots/buildings.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gryphon Counseling Medical Clinic The Lippy Lopp Shop Sewing Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -106.6179509
    Latitude
    35.0731291

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    FAQs

    What type of property is this?
    Office building - Three-building office complex with redevelopment potential near UNM.
    Where is this office building located?
    The property is located at 2508 Garfield Ave SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Vacant 2,800+- SF space available for owner-occupied use.; - Three buildings each on its own fee simple lot.; - Potential for redevelopment due to short-term leases expiring within 12 months.
    (505) 275-0933
    Request Owner's contact information
    2508 Garfield Ave SE Albuquerque, NM 87106
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    Albuquerque, NM 87106
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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
    2508 Garfield Ave SE Albuquerque, NM 87106
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