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Government-Leased Office Building
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1450 Innovation Parkway SE, Albuquerque, NM 87123

Single-tenant office property near National Labs and an Air Force base.

Property SizeContact for details
Days on Market6

Property Features for 1450 Innovation Parkway SE

General Information

Standard status Active
Property subtype Office

Building Details

Tenancy Single
Listing Agency: CBRE - Albuquerque
Listed By: Jim Dountas · License #NM 45995
Source: Crexi
Added: Sep 9 Changed: Sep 11 Last Checked: Sep 13 at 5:30AM

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 CBRE - Albuquerque

Investment Insights

Based on property information with market context.

This office building is configured for a single government tenant under an existing lease. The property is located at 1450 Innovation Parkway SE in Albuquerque, New Mexico, with its setting adjacent to National Labs and an Air Force base. The asset offers a straightforward office-building profile for purchasers evaluating government-leased commercial property.

Key Highlights

  • Single‑tenant office building
  • Leased to a government tenant
  • Adjacent to National Labs

Property Analytics

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Current Use

CSRI Research Institute

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Law Firm Spa & Massage Center

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

Demographics for 87123, NM

44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office building - Single-tenant office property near National Labs and an Air Force base.
Where is this office building located?
The property is located at 1450 Innovation Parkway SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Single‑tenant office building; Leased to a government tenant; Adjacent to National Labs
(505) 837-4999 Call to check price and availability
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