3820 Commons Ave Albuquerque, NM 87109
- Office Properties & Spaces
- 8,902 SF
Current Use by Public Records
- Quadra Health Institute / Pain Management Physician / Medical Center
- Pamela O Black MD PA / Physician Assistant / Sports Medicine Physician
- Kyle Schoenberger / Nurse Practitioner / General Practitioner
- Ruben Tchounbia / Nurse Practitioner
- charles rasmussen bridge fund / Bridge
Property Details for 3820 Commons Ave
- Year built
- 1995
- Property size
- 8,902 SF
- Property type
- Office Properties & Spaces
Description
This single-tenant office/warehouse property in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 3820 Commons Ave NE, 87109, this Class B building offers 8,902 square feet on a 27,386 square foot lot. The property boasts a desirable location, less than a minute from I-25, providing excellent accessibility. Built in 1995, the single-story building features 16-foot ceilings and a professional storefront presence. The property is secured with gated access and offers ample parking. Currently leased under a NNN lease to a credit-rated tenant with a remaining term of 3.5 years and a 5-year option, ensuring consistent cash flow. The current lease offers a below-market rental rate, providing potential for future rental increases. The property's strong financials include a Net Operating Income (NOI) of $105,173 and a 6.00% capitalization rate, making it an attractive investment with a current asking price of $1,752,000. The property is zoned NR-BP. This is a rare opportunity to acquire a well-located, stable, and income-producing asset in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.603
- Latitude
- 35.1433
