1516 San Pedro NE Dr Albuquerque, NM 87110-6732
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.
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Rachel Walker Law Firm
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Soars Law Firm Security Service
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Family Promise of Albuquerque Social Service Agency Charitable Organization
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Family Law Experts Law Firm Child Welfare Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.