Freestanding Office Building in
7000 Prospect Place Northeast, Albuquerque, NM 87110
Freestanding office building with long-term tenant in place.
Type:Office
Property size:
8,256 SFPrice / SF:
$181/SF- Added:
- Mar 25, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 18 at 9:02 am
Property Features for 7000 Prospect Place Northeast
General Information
- Standard status
- Active
- Size
- 8,256 SF
- Property subtype
- Office
Listing agent Marguerite Haverly
Listing office CBRE | Albuquerque (505) 837-4910
Listing date Mar 25, 2026
Source Cbre
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
HighLights
- Freestanding office building in Uptown Albuquerque with a long‑term tenant.
- Current tenant: Proud Moments ABA, lease commencing 7/1/24 with an 88‑month term, generating $10,664/month.
- Located within walking distance to numerous Uptown amenities.
- Building features a beautifully landscaped interior courtyard and a full kitchen/breakroom.
- Efficient design suitable for single or multi‑tenant use.
- Secured building access and monument signage.
Overview
The property at 7000 Prospect Pl NE is a freestanding office building located in the Uptown submarket of Albuquerque, NM. The building's design allows for single or multi-tenant scenarios. It features shared amenities including a full kitchen/breakroom and an interior courtyard with mature landscaping. The building has secured access and monument signage. Parking is available at a ratio of 5 per 1,000 square feet. The property is located within walking distance to hotels, dining establishments, shopping, entertainment and fitness options. The current tenant, Proud Moments ABA, has a lease commencement date of 7/1/24 with an 88 month term, at $10,664 per month under a modified gross lease structure.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.3k | $21.60 |
| − Vacancy | −$32.1k | −$3.89 |
| EGI | $146.2k | $17.71 |
| − OpEx | −$36.6k | −$4.43 |
| NOI | $109.7k | $13.28 |
8,256 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,673 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,810 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial Appraisal Inc
Real Estate Agency
Brooks Pearsall Zantow ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5662923
- Latitude
- 35.1071376
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Freestanding office building with long-term tenant in place.
Where is this office building located?
The property is located at 7000 Prospect Place Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Freestanding office building in Uptown Albuquerque with a long‑term tenant.; Current tenant: Proud Moments ABA, lease commencing 7/1/24 with an 88‑month term, generating $10,664/month.; Located within walking distance to numerous Uptown amenities.
