Class A Government-Leased Office
For Sale
Contact for pricing
5300 Homestead Rd NE, Albuquerque, NM 87110
Three-story office property renovated in 2018 with State of New Mexico tenancy and access to I-25 and I-40.
Property Size60,456 SF
Days on Market180
Property Features for 5300 Homestead Rd NE
General Information
Standard status
Active
Size
60,456 SF
Class
Class A
Total Parking Spaces
344
Property subtype
Office
Zoning
MX-T
Occupancy
100%
Net Operating Income
$854,288
Additional Details
Highway Access
Yes
Amenities
344 Parking Spaces
Building Details
Year Renovated
2018
Buildings
1
Stories
3
Building Size
60,456 SF
Construction
steel column
Tenancy
Multi
Parking Ratio
5.7 per 1,000 SF
Owner Occupied
No
Listing Agency:
REA Real Estate Advisors
(505) 539-3201
Listed By:
Tom Jenkins · License #NEWMEXICO13292
(505) 539-3201
Source:
Carnm.resimplifi
Added: Mar 4
Changed: Aug 29
Last Checked: Aug 30 at 1:52PM
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 REA Real Estate Advisors
Investment Insights
Based on property information with market context.
This three-story Class A office building at 5300 Homestead Rd NE is fully leased to the State of New Mexico Department of Health and the New Mexico Health Care Authority. The property received extensive improvements in 2018, including HVAC replacement, LED lighting, ADA-compliant restrooms, fire-system upgrades, and parking lot work. Building components include steel columns, Low-E glazing, and a rubberized membrane roof.
The property is positioned in Albuquerque’s North I-25/Northeast Heights submarket, with convenient connections to I-25 and I-40, primary business corridors, major healthcare facilities, and the Albuquerque International Sunport. It provides 344 parking spaces at a 5.7:1,000 parking ratio and carries MX-T zoning. The tenancy is 100% occupied, with approximately 6.5 years remaining on the current primary term and two additional five-year renewal options. Annual rent escalations are 1.5%.
The property is positioned in Albuquerque’s North I-25/Northeast Heights submarket, with convenient connections to I-25 and I-40, primary business corridors, major healthcare facilities, and the Albuquerque International Sunport. It provides 344 parking spaces at a 5.7:1,000 parking ratio and carries MX-T zoning. The tenancy is 100% occupied, with approximately 6.5 years remaining on the current primary term and two additional five-year renewal options. Annual rent escalations are 1.5%.
Key Highlights
- 100% leased to the State of New Mexico Department of Health and New Mexico Health Care Authority
- Three‑story Class A office building renovated in 2018
- 344 parking spaces with a 5.7:1,000 parking ratio
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office property renovated in 2018 with State of New Mexico tenancy and access to I-25 and I-40.
Where is this office building located?
The property is located at 5300 Homestead Rd NE Albuquerque, NM.
What are key features of this property?
This property features: 100% leased to the State of New Mexico Department of Health and New Mexico Health Care Authority; Three‑story Class A office building renovated in 2018; 344 parking spaces with a 5.7:1,000 parking ratio
