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    4520 Lower Terrace Cir Albuquerque, NM 87111

    For Lease
    $16 SF/Yr

    1,461 SF Dance Studio, Great Location

    Lot size:
    1,461 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,461 square foot creative office space, ideally suited for dance studios or similar businesses, is available for lease in Albuquerque, New Mexico. Located at 4520 Lower Terrace Cir NE, this property boasts a spacious 32' x 29' dance floor, perfect for rehearsals and performances. The high ceilings, measuring 9'7", provide ample room for movement and creativity. The layout includes a reception area, ample storage space, and a restroom. There's also the option to create an additional private office, offering flexibility to suit various business needs. The property benefits from abundant natural light throughout, creating a bright and inviting atmosphere. Its strategic location near the northwest corner of Montgomery & Eubank Blvds, directly across from Fishback Dance Studio, provides excellent visibility and accessibility. Parking is readily available, with 8 spaces provided during regular business hours and 14 spaces available outside of those hours. The property is zoned MX-M within Bernalillo County and is classified as a multi-tenant office space. This unique property presents a fantastic opportunity for a business seeking a well-appointed and conveniently located space in a thriving Albuquerque neighborhood. The property is in Albuquerque, NM, zip code 87111.

    Property Features for 4520 Lower Terrace Cir

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,461 SF

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,461 SF
    Rate per SF
    $16

    HighLights

    • 1,461 SF creative office space for lease in Albuquerque, NM (87111).
    • Features a 32' x 29' dance floor, ideal for dance studios.
    • High ceilings (9'7"), ample storage, reception area, and restroom.
    • Potential for additional private office; abundant natural light.
    • Excellent location near Montgomery & Eubank Blvds, across from Fishback Dance Studio.
    • 8 parking spaces (business hours), 14 spaces (after hours); MX‑M zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    TNJ Group of Companies Corporate Office 2 G Construction ... Construction Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing 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
    -106.5342025
    Latitude
    35.1312574

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    FAQs

    What type of property is this?
    Office space - 1,461 SF Dance Studio, Great Location
    Where is this office space located?
    The property is located at 4520 Lower Terrace Cir Albuquerque, NM.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 1,461 SF creative office space for lease in Albuquerque, NM (87111).; Features a 32' x 29' dance floor, ideal for dance studios.; High ceilings (9'7"), ample storage, reception area, and restroom.
    Request Owner's contact information
    4520 Lower Terrace Cir Albuquerque, NM 87111
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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
    4520 Lower Terrace Cir Albuquerque, NM 87111
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