3500 Comanche Rd Ne Ste B Albuquerque, NM 87107-4546

Property Details for 3500 Comanche Rd Ne Ste B

Year built

1968

Lot size

0.05 lot acres

Property size

2,222 SF

Property type

Office buildings

APN

1-016-060-484-251-4-12-14

APU

101606048425141214

Description

This fee-simple Albuquerque, NM office complex, known as the Comanche Business Complex, presents a compelling investment opportunity. Located at 3500 Comanche RD NE, Building F, Albuquerque, NM 87107, this single-story, 4,100 square foot building sits on a 0.14-acre lot and boasts 35 parking spaces. The property features a traditional office layout, currently housing two tenants under a net lease agreement (NN+) with a remaining lease term of two years, expiring October 1, 2026. The building, constructed in 1983 and renovated in 2020, is classified as Class B and benefits from a 6.69% cap rate, generating a net operating income (NOI) of $43,488. The asking price is $650,000, translating to $158.54 per square foot. The property is zoned MX-T and features 4,000 square feet of net rentable space. Recent improvements include the replacement of six-ton HVAC units in 2024. Current tenants have occupied the space for over five years. Suite B underwent renovations in 2020. Owner financing options may be available, subject to terms and conditions. The property is 100% occupied. Note that pricing is subject to offer.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.606

Latitude

35.1234

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments