Class A Office
8801 Horizon Blvd NE, Albuquerque, NM 87113
For Sale
Contact for pricing
Medical, government, legal, and financial services firms occupy the property, with a weighted average lease term under five years.
Property Size124,567 SF
Price / SF$192.05
Days on Market29
Property Features for 8801 Horizon Blvd NE
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
CBRE - Albuquerque
Listed By:
Jim Dountas · License NM #45995
(505) 228-5771
Source:
Crexi
Added: Oct 13
Changed: Nov 10
Last Checked: Nov 10 at 5:26AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 124,567 square feet, this Class A office building is occupied by tenants in medical, government, legal, and financial services. Its weighted average lease term is less than five years, leaving lease rollover in the near term.
The property is located at 8801 Horizon Blvd NE in Albuquerque, within the North I-25 corridor.
The property is located at 8801 Horizon Blvd NE in Albuquerque, within the North I-25 corridor.
Key Highlights
- 124,567‑square‑foot Class A office building
- Occupied by medical, government, legal, and financial services tenants
- Weighted average lease term of less than five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,654,748
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,094,960
$33.1M
Cap Rate 7%
$23,639,257
$23.6M
Cap Rate 9%
$18,386,089
$18.4M
Market Conditions
NOI Build-Up for 124,567 SF
Gross rent
$2.69M $21.60/SF
− Vacancy
−$484.3K −$3.89/SF
EGI
$2.21M $17.71/SF
− OpEx
−$551.6K −$4.43/SF
NOI
$1.65M $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,094,960
Cap Rate 7%
$23,639,257
Cap Rate 9%
$18,386,089
Alternative Uses
Best Use
Office B
$23.64M
$20.68M – $27.58M
NOI $1,654,748 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$30.14M
$26.37M – $35.16M
NOI $2,109,467 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 87113, NM
16,380
Population
7,155
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
1,099
Density / Sq Mi
$92,083
Median Household Income
$59,641
Median Earnings
$1,581
Median Rent
$362,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Medical, government, legal, and financial services firms occupy the property, with a weighted average lease term under five years.
Where is this office building located?
The property is located at 8801 Horizon Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $23,923,000.
What are key features of this property?
This property features: 124,567‑square‑foot Class A office building; Occupied by medical, government, legal, and financial services tenants; Weighted average lease term of less than five years
