555 Broadway NW Blvd Albuquerque, NM 87102
Property profile & analytics
555 Broadway NW Blvd Albuquerque, NM 87102
- Office buildings
- 64,980 SF
- 3.11 lot acres
Property ID
US61-0061060
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bureau Of Reclamation / Government Office
- US Reclamation Bureau / Sustainability Organization
- OHO, SSA / Corporate Office
- Ferris Portable Toilet Rentals / Building Supply
- Pojoaque Basin Regional Water System EIS / Association Or Organization
Property Details for 555 Broadway NW Blvd
- Year built
- 2003
- Lot size
- 3.11 lot acres
- Property size
- 64,980 SF
- Property type
- Office buildings
- APN
- 1-014-058-374-019-4-04-02
- APU
- 101405837401940402
Description
This exceptional Albuquerque investment opportunity presents a fully leased, 62,078 square foot Class A office building, boasting a strong 8.75% cap rate. The property, constructed in 2003, comprises a single, two-story building situated on 3.1 acres and features a substantial 251-space parking lot (including six motorcycle spaces). Currently housing two tenants, the Bureau of Reclamation and the Social Security Administration, both are under recently renewed long-term leases; a 7-year lease with the SSA and a 7-year lease with the BoR (including options for a further 5 years). These mission-critical facilities benefit from significant tenant improvements and robust security systems. The building itself is meticulously maintained, showcasing durable masonry and stucco construction. Located at 555 Broadway Blvd NE, Albuquerque, NM 87102, this institutional-grade investment offers exceptional stability and return, backed by the AA+ S&P credit rating of the United States Government. The property's 100% occupancy ensures immediate cash flow, making it an attractive proposition for discerning investors seeking a secure and high-yielding asset in a growing market. The Albuquerque metropolitan area's population of 562,599 (2021) further underscores the property's strategic location and long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $15,345,000
- 6.5%
- $14,165,000
- 7%
- $13,155,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $10,569,000
Market price range: $2.21M - $13.7M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,070,000 Current use
- COMMERCIAL (GENERAL)
- $10,670,000 Change: +32% Conversion: Easy
- RESTAURANT
- $8,105,000 Change: +0% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.645
- Latitude
- 35.0879
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$103,685
$297,520
$1,577,132
$1,874,652
-
$892,650
$4,731,870
$5,624,520
