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    221 San Pedro Dr Albuquerque, NM 87108

    Sponsored
    For Lease
    $5 SF/Yr ($2,495 /Mo)

    5,358 SF Single-Tenant Creative Office

    Lot size:
    5,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,358 square foot creative office space is ideally situated at 217-221 San Pedro Dr. NE. The property boasts a single-tenant occupancy, perfect for a company seeking a dedicated and expansive workspace. Conveniently located just four minutes from I-40, this location offers easy access to major transportation routes. Its proximity to the main entrance of Expo New Mexico provides excellent visibility and accessibility. The building features dedicated parking directly in front, supplemented by shared surplus parking located behind the building, ensuring ample parking for employees and clients. The property is zoned MX-H (IDO Zoning), allowing for a variety of commercial uses. This space presents a unique opportunity for a business seeking a well-located, spacious, and easily accessible creative office environment with ample parking. The building's single-tenant configuration offers privacy and control, while the convenient location and ample parking make it an attractive option for employees and clients alike. The property's size and zoning make it suitable for a range of creative businesses seeking a prominent and functional space. This is a rare opportunity to secure a high-quality, well-located commercial property in a thriving area. Contact us today to schedule a viewing.

    Property Features for 221 San Pedro Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,358 SF
    Total Rate
    2495.94

    Unit(s) available at that property

    Space
    Size
    5,358 SF
    Rate per SF
    $5

    HighLights

    • 5,358 square foot creative office building for sale.
    • Single‑tenant occupancy.
    • Located 4 minutes from I‑40 and near the Expo New Mexico main entrance.
    • Features dedicated front parking and shared surplus parking.
    • Zoned MX‑H.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iglesia Pentecostal Unida ... Pentecostal Church

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -106.57749700883
    Latitude
    35.079563145424

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    FAQs

    What type of property is this?
    Office space - 5,358 SF Single-Tenant Creative Office
    Where is this office space located?
    The property is located at 221 San Pedro Dr Albuquerque, NM.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 5,358 square foot creative office building for sale.; Single-tenant occupancy.; Located 4 minutes from I-40 and near the Expo New Mexico main entrance.
    Request Owner's contact information
    221 San Pedro Dr Albuquerque, NM 87108
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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
    221 San Pedro Dr Albuquerque, NM 87108
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