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Property profile & analytics
FOR SALE
Office buildings
101 Sun Ave NE, Albuquerque, NM 87109
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0216831
For Sale
1 / 18
$2,399,000
101 Sun Ave NE, Albuquerque, NM 87109
View Listing →
Property summary
AI-generated overview
This exceptional 12,078-square-foot Class-A creative office building in Albuquerque, New Mexico, presents a unique owner-user opportunity. Located at 101 Sun Ave NE, 87109, this single-story, 1995-built property boasts a desirable location within the Journal Center, offering convenient access to Paseo del Norte and I-25. A 2015 renovation ensures modern, beautiful finishes throughout. The open, collaborative layout includes large conference and training rooms, an additional conference room with a coffee bar and gas fireplace, and a break room. The building features multiple access points, a TPO and metal roof, and ample parking (3.2:1,000 ratio). Situated on a 1.32-acre lot, this property is zoned NR-BP and offers a prestigious, campus-like environment with lush grounds. The asking price is $2,778,000 ($230/SF). A property video is available online.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Lot
5.22 ac (227,514 SF)
APN
1-017-063-520-244-4-05-10
UPID
US61-0216831
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Deborah Campbell, PT Medical Clinic
-
Sundance Rehabilitation Center Pharmacy
-
CareerStaff Unlimited - Albuquerque Employment Agency
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Career Staff Unlimited Employment Agency
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Sun Healthcare Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sun Center Partners LLC · 7 yrs held
Sun Center Partners LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$347,199
Tax year 2023
Assessed value
$7,236,932
Assessed 2023
Previous assessed
$7,568,344
-4.4% YoY
Effective rate
4.80%
On assessed value
Assessed land
$610,906
Assessed improvement
$6,626,026
Land market value
$1,832,900
Improvement market value
$19,880,066
Total market value
$21,712,966
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Sale
Heating
NONE
Lot
5.22 ac (227,514 SF)
APN
1-017-063-520-244-4-05-10
UPID
US61-0216831
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
5.22 ac
Current owner
From public records · entity-resolved
Sun Center Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
—
Sun Center Partners LLC
—
Deed
related
$37,000,000 · Wells Fargo Bk NA 2014-cc (ce)
Dec 28, 2018
—
Sun Center Partners LLC
City Of Albuquerque
Quit Claim Deed
related
—
May 9, 2016
—
1515 Sovaness LLC
—
Deed
related
$3,500,000 · Wells Fargo Bk
Dec 16, 2013
—
Sun Center Partners LLC
Sun Center LLC
Quit Claim Deed
related
$37,000,000 · Jefferies Loancore LLC
—
—
Sun Center Partners LLC
—
Loan Modification
related
$37,000,000 · Wells Fargo Bk NA 2014-cc (ce)
—
—
Sun Center LLC
—
Deed Of Trust
related
$4,500,000 · Allianz Life Insurance Co N Am
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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