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    502 Slate Ave Albuquerque, NM 87102

    Sponsored
    For Lease
    $18,000 /Mo ($151 SF/Yr)

    Historic Charm, 1422 SF Medical Office

    Lot size:
    1,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,422 square foot medical office building, located at 502 Slate Ave NW in Albuquerque, New Mexico's Downtown submarket, presents a unique investment opportunity. Built in 1896, the single-story property sits on a 0.144-acre lot and offers a completely vacant space, ready for immediate occupancy. The building's historical character is undeniable, featuring beautifully preserved original hardwood floors and rich wooden trim, creating a sophisticated and welcoming atmosphere. Abundant natural light floods the interior, enhancing the professional ambiance ideal for a variety of medical practices. The property's single-tenant occupancy provides flexibility and control for the new owner. Its prime Downtown Albuquerque location offers excellent visibility and accessibility, ensuring convenient access for patients and staff. The zip code is 87102. This is a rare chance to acquire a historically significant property with significant potential in a thriving urban setting. The property's size and location make it an attractive option for a variety of medical professionals seeking a unique and established presence in the heart of Albuquerque. The building's historical features offer a distinct advantage in attracting clients and establishing a strong brand identity.

    Property Features for 502 Slate Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,422 SF
    Total Rate
    18000

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,422 SF
    Rate per SF
    $18,000

    HighLights

    • Elegant hardwood floors and wood‑trimmed windows.
    • Multiple private offices for consultations.
    • Abundant natural light from large windows.
    • Prime Downtown Albuquerque location near courthouses and government agencies.
    • Historic charm ideal for professional offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Robert Giannini Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6516737
    Latitude
    35.0920852

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    FAQs

    What type of property is this?
    Medical office - Historic Charm, 1422 SF Medical Office
    Where is this medical office located?
    The property is located at 502 Slate Ave Albuquerque, NM.
    What is the lease rate?
    The lease rate is $18,000 /Mo.
    What are key features of this property?
    This property features: Elegant hardwood floors and wood-trimmed windows.; Multiple private offices for consultations.; Abundant natural light from large windows.
    Request Owner's contact information
    502 Slate Ave 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
    502 Slate Ave Albuquerque, NM 87102
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