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Property profile & analytics
FOR LEASE
Flex space

5501 Wilshire Ave NE Albuquerque, NM 87113

60,173 SF 4.71 ac lot Built 2003
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0288764
Property summary
AI-generated overview

This exceptional Albuquerque office space, located at 5501 Wilshire Ave NE, offers 4 available suites ranging from 2,363 to 15,079 square feet. The property boasts a highly visible location with convenient access from Alameda and Paseo Del Norte, ensuring excellent visibility and accessibility for your business. The building features a beautiful contemporary build-out, providing a modern and professional environment. Tenants enjoy a direct building entrance, prominent building signage, and the added benefit of a free on-site exercise room. The property is situated near a variety of restaurants and other amenities, enhancing convenience for employees and clients. Ample parking is available, addressing a key concern for many businesses. The building is classified as Class B and is a single-story structure with a total of 13,263 square feet currently vacant. The property taxes are $13.50 per square foot. The zoning designation is NR-LM. This is a multi-tenant building offering a range of options to suit various business needs. Its prime location and attractive features make this an ideal opportunity for businesses seeking a high-quality office space in Albuquerque, New Mexico.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2003
Total area 60,173 SF
Lot 4.71 ac (205,385 SF)
APN 1-018-064-095-300-2-03-36
UPID US61-0288764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NDX Ideal Dental Laboratory Dental Office
  • Numotion (Bike/Boat/Book/etc) Store
  • De Nora MIOX Industrial Manufacturer Production Facility
  • Presbyterian Medical Services Medical Clinic
  • Armada Hospice Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.60M
Owner & transaction history
BANCROFT ALBUQUERQUE LLC
BANCROFT ALBUQUERQUE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.6M +19.4%
Retail stores $2.5M +18.1%
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More about this property
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