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    1000 2Nd St Albuquerque, NM 87102

    Sponsored
    For Sale
    $745,000

    4,000 SF Office/Industrial Space, $745K

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,000 square foot Class B commercial property, located at 1000 2nd St NW in Albuquerque, New Mexico (zip code 87102), presents a unique investment opportunity. Currently vacant, this versatile space is zoned MX-M and offers a blend of executive office and warehouse potential. The existing layout includes seven private offices, two conference rooms, two bathrooms, a kitchenette, and four cubicles. Ample natural light creates a professional atmosphere. A curb cut on the south side allows for the potential addition of a roll-up door, easily converting the existing conference rooms into valuable warehouse or shop space, ideal for businesses needing a combined office and storage solution. Its prime downtown location offers easy access to the courthouse, enhancing its appeal to legal professionals and businesses requiring proximity to judicial services. The surrounding area provides convenient access to restaurants, cafes, and public transportation, ensuring a convenient location for employees and clients alike. On-street parking is available. The asking price is $745,000, with a price per square foot of $186.25. This property is perfect for a business seeking a blend of office and warehouse space in a highly desirable downtown Albuquerque location.

    Property Features for 1000 2Nd St

    General Information

    Property type
    Distribution properties
    Square Feet
    4,000 SF
    Class
    B

    HighLights

    • Walking distance to courthouses.
    • 7 private offices.
    • Efficient floor plan.
    • Private office bathrooms.
    • Open work areas.
    • Ideal location for attorney's office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flores Law Legal Services The Kennedy Law Firm, ... Law Firm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6473259
    Latitude
    35.0927929

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    FAQs

    What type of property is this?
    Distribution property - 4,000 SF Office/Industrial Space, $745K
    Where is this distribution property located?
    The property is located at 1000 2Nd St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: Walking distance to courthouses.; 7 private offices.; Efficient floor plan.
    Request Owner's contact information
    1000 2Nd St Albuquerque, NM 87102
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    Albuquerque, NM 87102
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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
    1000 2Nd St Albuquerque, NM 87102
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