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Property profile & analytics
OFF-MARKET
Office buildings

1516 San Pedro NE Dr Albuquerque, NM 87110-6732

0.25 ac lot
Individually Owned 7-yr Hold Free & Clear
Property ID
US61-0265759
Property summary
AI-generated overview

This exceptional 6,525-square-foot, single-story office building presents a unique investment opportunity in Albuquerque, New Mexico. Located at 1516 San Pedro Dr NE, this Class C property boasts 16 individual offices, two conference rooms, and a break room, all bathed in abundant natural light and enhanced by four fireplaces. The building's versatile layout features three separate entrances, making it ideally suited for single or multi-tenant occupancy. Ample parking is provided with 25 spaces, exceeding a 4.6:1,000 parking ratio. Situated on a 0.45-acre lot, the property benefits from convenient access to I-40 and Uptown Albuquerque, and is located on a public bus route. The MX-L zoning designation offers flexibility for a variety of uses. The asking price is $815,625, translating to $125 per square foot. This is a rare opportunity to acquire a well-maintained, stand-alone office building in a desirable location with significant potential for immediate income generation or future development. The property is currently vacant, allowing for immediate customization to suit a new owner's specific needs. Don't miss this chance to own a prime piece of Albuquerque commercial real estate.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 0.25 ac (10,846 SF)
APN 1-018-058-274-188-4-17-13
UPID US61-0265759
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
  • Rachel Walker Law Firm
  • Soars Law Firm Security Service
  • Family Promise of Albuquerque Social Service Agency Charitable Organization
  • Family Law Experts Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael A Romero · 7 yrs held
Michael A Romero
since 2019
2 recorded transactions
2019
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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