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    3801 Broadway Blvd Albuquerque, NM 87105

    Sponsored
    For Sale
    $30,802,140

    State-of-the-art training facility, NNN lease.

    Property size:
    43,239 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Bernalillo County Public Safety Training Academy, a modern, 43,239 square-foot facility situated on a 12.05-acre lot at 3801 Broadway Blvd SE, Albuquerque, New Mexico, 87105. The property boasts a 30-year lease with the State of New Mexico, commencing June 1st, 2024, at 100% occupancy under a triple-net (NNN) lease structure. The asking price is $30,802,140, translating to $712.37 per square foot. The academy features extensive amenities including classrooms, offices, a 220-person auditorium, a fitness center, a 3.5-acre training pad, a drill tower, and a MILO training simulation building. Further enhancing its capabilities, the property includes provisions for a future helicopter pad and hangar. Designed for the county's fire and sheriff departments, this co-ed training center provides cutting-edge training for cadets, officers, and firefighters. The facility is environmentally conscious, incorporating solar energy, water conservation measures, LED lighting, and other sustainable features, qualifying it for two Green Globes awards. The seller, Fire Ed, LLC, is a single-asset limited liability company, and the sale includes the LLC, subject to appropriate indemnification. The property is zoned UNCL. This is a rare opportunity to acquire a high-quality, income-producing asset with significant long-term potential.

    Property Features for 3801 Broadway Blvd

    General Information

    Property type
    Schools
    Square Feet
    43,239 SF
    Lot Size
    524,898 SF

    HighLights

    • $30,802,140 asking price for the Bernalillo County Public Safety Training Academy.
    • Special purpose property, School subtype, located at 3801 Broadway Blvd SE, Albuquerque, NM 87105.
    • 43,239 square feet on a 12.05‑acre lot, with a $712.37 price per square foot.
    • 100% occupancy under a 30‑year NNN lease with the State of New Mexico, commencing June 1, 2024.
    • Features include classrooms, offices, a 220‑person auditorium, fitness center, 3.5‑acre training pad, drill tower, and MILO training simulation building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.64586782873
    Latitude
    35.031857181104

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    FAQs

    What type of property is this?
    School - State-of-the-art training facility, NNN lease.
    Where is this school located?
    The property is located at 3801 Broadway Blvd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $30,802,140.
    What are key features of this property?
    This property features: $30,802,140 asking price for the Bernalillo County Public Safety Training Academy.; Special purpose property, School subtype, located at 3801 Broadway Blvd SE, Albuquerque, NM 87105.; 43,239 square feet on a 12.05-acre lot, with a $712.37 price per square foot.
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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

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    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
    3801 Broadway Blvd Albuquerque, NM 87105
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