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Freestanding Office Building in Uptown

7000 Prospect Place Northeast Albuquerque, NM 87110

7000 Prospect Place Northeast, Albuquerque, NM, 87110

$1,495,000

For Sale

$1,495,000

Freestanding office building with long-term tenant in place.

Property Size8,256 SF

Price / SF$181.08

AddedMar 25

Days on Market113

Last RefreshJul 3 at 10:14 pm

Property Features for 7000 Prospect Place Northeast

General Information

Standard status: Active
Size: 8,256 SF
Property subtype: Office

Listing office CBRE | Albuquerque

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

Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $139,810 @ 7.0% cap · market cap 9.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial Appraisal Inc Real Estate Agency Brooks Pearsall Zantow ... Real Estate Agency

Suggested Use

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For sale
Office buildings
NM
Albuquerque
87110
7000 Prospect Place Northeast

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.