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    1820 Randolph Rd Albuquerque, NM 87106

    Sponsored
    For Sale
    $2,195,000

    Spacious Office, Owner Financing Available

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Albuquerque office building, situated on 1.28 acres at 1820 Randolph Rd SE, offers 5,000-18,667 square feet of versatile space. Built in 1975 and renovated in 2016, the two-story building features numerous private offices, ample parking (59 spaces), and convenient access to I-25, Sandia Labs, Kirtland Air Force Base, and Mesa Del Sol. The property includes a large main room with high ceilings, handicap-accessible bathrooms on both floors, an elevator, and two entrances, making it ideal for multiple occupants. Zoned NR-BP, this fee-simple property presents an excellent opportunity for owner-occupancy with potential rental income. The building's layout allows for easy space division, accommodating various business needs. The seller is offering owner financing, making this a compelling investment opportunity. The property is currently vacant and features a Class C designation with an Absolute NNN lease type.

    Property Features for 1820 Randolph Rd

    General Information

    Property type
    Office space
    Square Feet
    5,000 SF
    Class
    C
    Lot Size
    56,105 SF

    Building Details

    Year Built/Renovated
    1975/2016
    Buildings
    1
    Stories
    2

    HighLights

    • 1820 Randolph Rd SE, Albuquerque, NM: 5,000‑18,667 SF office building on 1.28 acres.
    • 1975 construction, renovated in 2016.
    • 59 parking spaces, easy I‑25 access, near Sandia Labs & Kirtland AFB.
    • Two‑story building with elevator, handicap‑accessible restrooms, and two entrances.
    • Zoned NR‑BP, fee‑simple ownership, Class C building, Absolute NNN lease type.
    • Currently vacant, owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    City of Albuquerque Child ... Preschool Child & Family Development ... Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6256753
    Latitude
    35.0526196

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    FAQs

    What type of property is this?
    Office space - Spacious Office, Owner Financing Available
    Where is this office space located?
    The property is located at 1820 Randolph Rd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: 1820 Randolph Rd SE, Albuquerque, NM: 5,000-18,667 SF office building on 1.28 acres.; 1975 construction, renovated in 2016.; 59 parking spaces, easy I-25 access, near Sandia Labs & Kirtland AFB.
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    1820 Randolph Rd Albuquerque, NM 87106
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1820 Randolph Rd Albuquerque, NM 87106
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