Listing Agency: Commercial Real Estate Services Show Phone

Listed By: J. Richard Rivas Show Phone

Source: Moodyscre

Added: Mar 22, 2024 Changed: Sep 5 Last Checked: Sep 13 at 9:52AM

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Investment Insights

Based on property information with market context.

The Newport II building, constructed in 1975, is a two-story office building with 25,082 rentable square feet. It is situated on the east side of Yale Boulevard in Albuquerque, New Mexico, offering convenient access to the Sunport and I-25 interchange. The property is currently leased to a strong credit tenant and is located in a HUB Zone, which is intended to encourage economic development.

Key Highlights

• Strong credit tenant provides stable income stream.
• Located in a HUB Zone, encouraging economic development.
• Close proximity to Sunport/I‑25 interchange for easy access.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

Location Intelligence

Trade Area within ½ mile

571

Businesses Nearby

Explore this area Business Placement

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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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Two-story, 25,082 SF office building near Sunport/I-25 interchange.

Where is this office building located?

The property is located at 2650 Yale Blvd SE Albuquerque, NM.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Strong credit tenant provides stable income stream.; Located in a HUB Zone, encouraging economic development.; Close proximity to Sunport/I‑25 interchange for easy access.