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    Second-Floor Office Suites Title is generated by Realmo AI

    900 Park Avenue SW, Albuquerque, NM 87102

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    New
    For Lease
    $350 /Mo

    COMMERCIAL - Albuquerque, NM

    Type:Office
    Lot size:
    0.16 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 900 Park Avenue SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    2
    Standard status
    Active
    APN
    101305751244914007
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5301

    Utilities

    Heating system
    Central

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Franz Redl
    Franz Redl

    Listing agent Franz Redl License #17808

    Listing office R & R Real Estate Partners LLC 6300 Montano Rd NW Ste D, Albuquerque, NM

    Listing date Jun 1, 2026

    MLS# 1104645

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three second‑floor commercial office suites available: Suite B at $350/month and Suites C and D at $400/month each
    • Off‑street parking provided and suites offer city views
    • All utilities included; tenant pays only for phone and internet
    • Suites can be leased individually or all together, and can be combined with existing doors to connect
    • Located within a short distance of the central business district, Robinson Park, and public transportation

    Overview

    Three commercial office suites are available on the second floor within an iconic building, each offering city views. Suite B, Suite C, and Suite D can be leased individually, or combined to create a larger, connected office layout. The building provides off-street parking, and the space is well-suited for professional office use.

    The property is located at 900 Park Avenue SW in Albuquerque, NM 87102, within a short distance of the central business district, Robinson Park, and public transportation. This positioning supports tenants who want convenient access for staff and visitors without relying solely on street parking.

    Utilities are included, so tenants can focus on day-to-day operations while only paying for phone and internet. With the ability to connect suites using existing doors, these offices are a practical fit for growing teams, back-office operations, or businesses that may want to expand within the same building. Appointments are required for viewings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Teresa Brows Medical Clinic Conservation Voters New ... Association Or Organization Clearly Glass & Mirrors ... Hardware & Home Improvement Samantha Bencomo Photography Photography Service New Mexico Restoration Construction Company

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.657797
    Latitude
    35.085028

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    FAQs

    What type of property is this?
    Office units - Flexible suites on the second floor with city views, off-street parking, and utilities included for a simpler move-in.
    Where is this office units located?
    The property is located at 900 Park Avenue SW Albuquerque, NM.
    What is the lease rate?
    The lease rate is $350 /Mo.
    What are key features of this property?
    This property features: Three second‑floor commercial office suites available: Suite B at $350/month and Suites C and D at $400/month each; Off‑street parking provided and suites offer city views; All utilities included; tenant pays only for phone and internet
    (505) 280-6365
    We can help!
    Listing Contact
    Franz Redl
    Franz Redl
    Real Estate License ID: 17808
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    900 Park Avenue SW, Albuquerque, NM 87102
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