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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Office buildings

5700 Pasadena NE Ave Albuquerque, NM 87113-9800

31,760 SF 3.1 ac lot Built 2009
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US61-0269555
Property summary
AI-generated overview

This exceptional Albuquerque property, located at 5700 Pasadena Ave NE, offers 31,880 square feet of versatile space in a Class A, LEED-certified building. Built in 2009, this single, two-story structure sits on 3.09 acres and features 271 parking spaces and one elevator. Currently, 22,070 square feet is available for lease, offering significant flexibility for various uses. The space is zoned NR-LM and situated in the desirable North I-25 submarket. The available space includes adaptable ground-level lab space ranging from approximately 7,084 to 23,858 square feet, and approximately 14,986 square feet of contiguous second-level office/flex space. This high-tech space is perfect for a range of tenants, including those in education, research and development, medical, light manufacturing, and national lab sectors. The property boasts abundant natural light, large conference rooms, collaborative work areas, comfortable break rooms, and recreational spaces. This property previously housed a leading biopharma industry partner and an international pharmaceutical and laboratory equipment supplier, showcasing its suitability for high-tech operations. The multiple tenancy structure allows for customization to meet specific business needs.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2009
Total area 31,760 SF
Lot 3.1 ac (134,992 SF)
APN 1-018-065-180-301-2-01-17
UPID US61-0269555
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
  • University of Phoenix Criminal Justice and Security Degree University College
  • IntelliCyt Corporation Corporate Office
  • Sartorius Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M
Owner & transaction history
Gerlach Capital Group · 4 yrs held
Gerlach Capital Group
since 2022
4 recorded transactions
2022
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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