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    1120 Pennsylvania St Albuquerque, NM 87110

    Sponsored
    For Sale
    $2,500,000

    Prime Albuquerque Office, Multi-Tenant Income

    Property size:
    15,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 15,655 square foot Class B office building presents a compelling investment opportunity in Albuquerque's Northeast Heights. Situated on a one-acre lot at 1120 Pennsylvania St NE, 87110, this stand-alone property boasts convenient access to I-40 and Uptown. Built in 1988 and extensively renovated in 2018, the building features a new roof (2022), updated restrooms and flooring, fresh paint, and abundant natural light from windows throughout. The efficient HVAC system includes a new rooftop chiller (2018) and new pumps (2022, 2023), along with lighting upgrades for energy efficiency. The property includes a building security system, elevator access to the second floor, and ample parking (3.5 spaces per 1,000 sq ft). Currently housing two tenants, this multi-tenant property offers immediate income potential. Zoned MX-T, this property is perfect for an owner-user seeking income-generating potential. High-speed internet access is available via Lumen fiber and Comcast. The asking price is $2,500,000. Bernalillo County APN: 101905829010840819.

    Property Features for 1120 Pennsylvania St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,655 SF
    Class
    B
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1988/2018
    Buildings
    1
    Stories
    2

    HighLights

    • 15,655 SF Class B office building on a one‑acre lot in Albuquerque's Northeast Heights.
    • Excellent I‑40 and Uptown access at 1120 Pennsylvania St NE, 87110.
    • Recently renovated (2018) with new roof (2022), updated HVAC, restrooms, flooring, and paint.
    • Ample parking (3.5/1000 SF), elevator, security system, and high‑speed internet (Lumen fiber & Comcast).
    • Two tenants provide immediate income; zoned MX‑T, ideal for owner‑user.
    • Asking price: $2,500,000; Bernalillo County APN: 101905829010840819.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apex Insurance Agency Insurance Agency Companion Care Home Health Care Service Consumer Direct Care ... Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -106.5591897
    Latitude
    35.0902805

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Albuquerque Office, Multi-Tenant Income
    Where is this office property / space located?
    The property is located at 1120 Pennsylvania St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 15,655 SF Class B office building on a one-acre lot in Albuquerque's Northeast Heights.; Excellent I-40 and Uptown access at 1120 Pennsylvania St NE, 87110.; Recently renovated (2018) with new roof (2022), updated HVAC, restrooms, flooring, and paint.
    (505) 998-5737
    Request Owner's contact information
    1120 Pennsylvania St Albuquerque, NM 87110
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    Albuquerque, NM 87110
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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
    1120 Pennsylvania St Albuquerque, NM 87110
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