Property profile

500 Marquette NW Ave Albuquerque, NM 87102

OFF-MARKET
Office buildings
Property ID
US61-0293878
259,701 SF 1.36 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located at 500 Marquette Ave NW in Albuquerque, New Mexico, offers a prime opportunity for businesses seeking executive-level space in the heart of downtown. The property boasts a total of 112,822 square feet, with 107,387 square feet currently available for lease. Multiple tenancy options are available, ranging from a minimum of 609 square feet to a maximum contiguous space of 19,608 square feet, providing flexibility for businesses of all sizes. The building features convenient on-site parking, a significant advantage in a bustling downtown area. Situated in Bernalillo County, zip code 87102, this location provides easy access to major transportation routes and a wealth of amenities. The building's executive office subtype caters to businesses seeking a sophisticated and professional environment. This is an unparalleled opportunity to establish a presence in a vibrant and growing city, benefiting from the unique blend of historical charm and modern dynamism that Albuquerque offers. The available space is ideal for companies seeking a prestigious address and a highly functional workspace. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this exceptional downtown Albuquerque location.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1986
Total area 259,701 SF
Lot 1.36 ac (59,111 SF)
APN 1-014-058-134-023-3-06-05
UPID US61-0293878

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
  • Solar Energy Company
  • General Contractor Renovation Specialist
  • Law Firm
  • Loan Service Bank
  • Loan Service Bank

Location

500 Marquette NW Ave Albuquerque, NM 87102-5340
Albuquerque metro Census 2100 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.17M
Blend (final) Blend
$26.55M

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2016
Price N/A
2006
Price N/A
2001
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $42.6M +32.2%
Restaurant $32.4M +0.4%

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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