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Property profile

505 Marquette Ave NW Albuquerque, NM 87102

FOR LEASE
Office buildings
Property ID
US61-0113672
249,816 SF 0.98 ac lot Built 1966
Last sale Jun 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional office building, located at 505 Marquette Ave NW in Albuquerque, New Mexico, offers a variety of flexible spaces ideal for businesses of all sizes. The property boasts a total of 255,000 square feet, with suites ranging from a minimum of 1,222 square feet to a maximum contiguous space of 6,374 square feet. Seven total suites are available within this multi-tenant building situated on a 0.98-acre lot. The building's efficient design and environmentally conscious features…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$167k
Tax billed · 2023
Assessed value$3.02M
Assessed land$187k
Assessed improvement$2.83M
Effective rate5.53%

Value estimate

· Oct 2026
$8.94M
$8.05M – $9.83M
NOI build-up
Gross scheduled income$4.82M
Vacancy & credit loss−$867k
Operating expenses−$987k
NOI · 17,953,527.27% cap applied$2.96M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
17,953,527.27%
$2.96M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERNALILLO

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.5
Electrical Service11.2
Convenience Store10.0

Location

505 Marquette Ave NW Albuquerque, NM 87102
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
911 2nd NW, Albuquerque, NM 87102-2213 $160,000 Oct 2023 1,771 SF
333 Lomas NE, Albuquerque, NM 87102-2449 $225,000 Jun 2023 4,461 SF
1011 4th NW, Albuquerque, NM 87102-2132 $156,000 Apr 2022 3,837 SF
2225 4th NW, Albuquerque, NM 87102-1052 $299,000 Apr 2021 3,710 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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