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Two-Building Office Portfolio
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Pending

1301 & 1303 San Pedro NE, Albuquerque, NM 87110

Fully leased office asset with established occupants, modified gross leases, and shared monument signage.

Property Size3,058 SF
Days on Market42

Property Features for 1301 & 1303 San Pedro NE

General Information

Standard status Pending
Size 3,058 SF
Property subtype Office, Retail
Occupancy 100%

Additional Details

Office Units 2

Building Details

Buildings 2
Tenancy Multi
Listing Agency: SVN Imbrie Realty
Listed By: Carl Grending · License #OR 201224814
Source: Crexi
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 8:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Imbrie Realty

Investment Insights

Based on property information with market context.

This offering comprises two office buildings on separate tax lots with a combined 3,058 square feet. The 1,780-square-foot building at 1301 San Pedro NE is occupied by a massage therapy tenant, while the 1,278-square-foot building at 1303 San Pedro NE is occupied by a church. Each occupant has been in place for more than nine years, and both buildings are fully leased under modified gross leases.

The landlord handles property taxes, insurance, structural and roof work, HVAC, and exterior maintenance. Tenants pay utilities, including water, and maintain their interior areas. The buildings share a monument sign located on the 1303 parcel. The property is situated in Albuquerque’s Southeast Heights submarket at 1301 & 1303 San Pedro NE, Albuquerque, NM 87110.

Key Highlights

  • Two office buildings totaling 3,058 square feet on separate tax lots
  • 1,780‑square‑foot office building at 1301 San Pedro NE
  • 1,278‑square‑foot office building at 1303 San Pedro NE

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Spa & Massage Center Building Supply Pharmacy Electrical Service Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 87110, NM

38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office asset with established occupants, modified gross leases, and shared monument signage.
Where is this office building located?
The property is located at 1301 & 1303 San Pedro NE Albuquerque, NM.
What are key features of this property?
This property features: Two office buildings totaling 3,058 square feet on separate tax lots; 1,780‑square‑foot office building at 1301 San Pedro NE; 1,278‑square‑foot office building at 1303 San Pedro NE
(971) 533-3000 Call to check price and availability
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