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Property profile & analytics
OFF-MARKET Estimated value $6,525,000
Office buildings

8220 San Pedro NE Dr Albuquerque, NM 87113-2476

257,532 SF 3.04 ac lot Built 2008
Individually Owned 4-yr Hold Free & Clear
Property ID
US61-0320725
Property summary
AI-generated overview

Paseo Nuevo, located at 8220 San Pedro Dr NE, Albuquerque, NM 87113, presents a premier office opportunity in the desirable North I-25/Paseo Corridor. This single, five-story Class A building, constructed in 2008, offers 113,000 square feet of traditional and executive office space. The building is zoned NR-BL and boasts easily accessible locations from all parts of the city. Currently, 24,751 square feet of space is available, with minimum divisible units of 6,044 square feet and a maximum contiguous space of 11,929 square feet. The building features first-class interior finishes and is situated within a walkable area offering numerous amenities. This multiple-tenancy building provides a sophisticated and convenient work environment. Its strategic location and high-quality construction make it an ideal choice for businesses seeking a prestigious address and efficient workspace in Albuquerque. The property's modern design and convenient access contribute to a productive and comfortable atmosphere for tenants. Interested parties should inquire about available space and lease terms.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 2008
Total area 257,532 SF
Lot 3.04 ac (132,510 SF)
APN 1-018-064-291-081-4-02-01
UPID US61-0320725
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
  • Red Hall Films Albuquerque Video Production Film Production
  • Fidelity National Title Title Company
  • Iris M Guzman, NMLS 286700, PrimeLending, Loan Officer Loan Service Bank
  • C.H. Robinson Albuquerque Trucking Company
  • Lee Engineering, LLC Civil Engineer Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.53M
Owner & transaction history
Gordon L Skarsgar · 4 yrs held
Gordon L Skarsgar
since 2022
5 recorded transactions
2022
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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