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    507 4Th St Albuquerque, NM 87102

    Sponsored
    For Lease
    $15 SF/Yr

    Modern Executive Offices & Retail Suites Available

    Lot size:
    18,938 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Zocalo Lofts presents a unique investment opportunity in Bernalillo County. This vibrant mixed-use property, built in 2020, offers 18,938 square feet of leasable space across three buildings, each three stories high. The property features a total of 21 units, with multiple tenancy options available. Currently, 9,392 square feet of space is vacant, offering flexible lease terms for businesses seeking a modern and efficient workspace. Units range from a minimum of 2,832 square feet to a maximum contiguous space of 6,560 square feet, catering to a variety of business needs. The property boasts convenient elevator access and sits on a 0.66-acre lot (28,800 square feet). Its SU-2 zoning allows for a diverse range of commercial uses. The property's modern design and prime location make it an ideal choice for businesses seeking a high-profile address. The APN is 101405714027920410. This is an exceptional opportunity to secure space in a thriving mixed-use development. Contact us today to learn more about leasing options and explore the possibilities.

    Property Features for 507 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,938 SF
    Total Rate
    23672.5

    Building Details

    Year Built
    2020
    Buildings
    3
    Stories
    3

    Unit(s) available at that property

    Space
    Building C
    Size
    6,560 SF
    Rate per SF
    $19
    Space
    Building B / Basement
    Size
    2,832 SF
    Rate per SF
    $15

    HighLights

    • Retail and office space totaling 18,938 square feet.
    • Multiple tenancies available, with spaces ranging from 2,832 to 6,560 contiguous square feet.
    • 9,392 square feet of vacant space currently available.
    • Situated on a 0.66‑acre lot.
    • Modern building constructed in 2020, featuring three stories and three buildings.
    • Building includes elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Esquinita Market Zocalo Lofts Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6526408
    Latitude
    35.0802449

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Executive Offices & Retail Suites Available
    Where is this office property / space located?
    The property is located at 507 4Th St Albuquerque, NM.
    What is the lease rate?
    The lease rate is $15-$19 SF/Yr.
    What are key features of this property?
    This property features: Retail and office space totaling 18,938 square feet.; Multiple tenancies available, with spaces ranging from 2,832 to 6,560 contiguous square feet.; 9,392 square feet of vacant space currently available.
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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
    507 4Th St Albuquerque, NM 87102
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