Property profile

4500 Alexander NE Blvd Albuquerque, NM 87107

OFF-MARKET
Manufacturing properties
Property ID
US61-0700524
106,626 SF 7.82 ac lot Built 1988
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Albuquerque, NM, coworking space offers 36,282 square feet of immediately available space within a larger 101,604 square foot, two-story Class A building. Located in the desirable Renaissance Business Center of the North I-25 submarket, this property boasts a prime location just two blocks from the intersection of I-25 and Montgomery/Montano Boulevard, the heart of Albuquerque. The building, constructed in 1986 and renovated in 1995, sits on a substantial 7.82 acres of land and provides ample parking with approximately 432 spaces. The flexible floor plan allows for spaces ranging from 14,390 to 67,271 contiguous square feet, catering to a variety of business needs. Ceiling heights range from 14 to 18 feet, offering a spacious and modern feel. The property is zoned NR-BP and benefits from its location within an Opportunity Zone. Enjoy the convenience of nearby major retailers such as Costco, Sam's Club, Home Depot, PetSmart, REI, and Topgolf. This is an unparalleled opportunity to establish your business in a thriving and accessible location within Albuquerque's most sought-after employment center. The address is 4500 Alexander Blvd NE, Albuquerque, NM 87107, with a cross street of Desert Surf.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Total area 106,626 SF
Lot 7.82 ac (340,596 SF)
APN 1-016-061-234-059-3-01-13
UPID US61-0700524

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

4500 Alexander NE Blvd Albuquerque, NM 87107-9000
Albuquerque metro Census 3201 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2017
$6.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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