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Property profile & analytics
OFF-MARKET
Estimated value
$11,445,000
Office buildings
8500 Menaul NE Blvd, Albuquerque, NM 87112-1273
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US61-1631577
Property summary
AI-generated overview
One Executive Center, located at 8500 Menaul Blvd NE in Albuquerque, NM 87112, offers 114,435 square feet of Class B office space in a single, five-story building situated on a 5.34-acre lot. Built in 1982 and renovated in 2018, this property features multiple tenancies with suites ranging from 1,799 to 1,893 contiguous square feet, with a total of 7 suites. Currently, 3,692 square feet of space is vacant. The building boasts a power supply of 3.65/1000 and is zoned MX-M (Mixed-use: Moderate Intensity) within Bernalillo County. Amenities include a shared conference room, on-site security, and ample parking. The property enjoys a prominent location in the Northeast Heights submarket, offering convenient freeway access and proximity to numerous amenities. A complete lobby remodel was completed in March 2018. The property's APN is ABQ97459. This is an excellent opportunity for businesses seeking high-quality office space in a desirable Albuquerque location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1979
Total area
108,256 SF
Lot
5.7 ac (248,205 SF)
APN
1-020-059-082-239-3-13-36
UPID
US61-1631577
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
-
Eric Gilbert - NMLS #1697769 - Major Mortgage Loan Service Bank
-
Ed Findlay, Senior Loan Officer - Flagstar Bank Loan Service Bank
-
Wiseman Legal Group Law Firm Child Welfare Organization
-
Reed Richard PhD Physician Medical Clinic
-
Inszone Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.99M
Blend (final)
Blend
$11.45M
Owner & transaction history
Zia Menaul LLC · 3 yrs held
Zia Menaul LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.9M
+62.7%
Restaurant
$10.7M
+17.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,170,000
Current use
COMMERCIAL (GENERAL)
$14,920,000
Change: +63% · Conversion: Easy
RESTAURANT
$10,745,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,825,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$7,345,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$11.45M
Range $10.30M – $12.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$131,921
Tax year 2023
Assessed value
$2,749,725
Assessed 2023
Previous assessed
$2,499,750
+10.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$605,159
Assessed improvement
$2,144,566
Land market value
$1,815,660
Improvement market value
$6,434,340
Total market value
$8,250,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Heating
NONE
Total area
108,256 SF
Lot
5.7 ac (248,205 SF)
APN
1-020-059-082-239-3-13-36
UPID
US61-1631577
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$14.9M
RESTAURANT
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
5.7 ac
Current owner
From public records · entity-resolved
Zia Menaul LLC
Entity
Mailing address
PO BOX 26566, ALBUQUERQUE, NM 87125-6566
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Zia Menaul LLC
Watchlist One Executive LLC
Special Warranty Deed
—
Nov 13, 2019
—
Watchlist One Executive LLC
Watchlist Menaul LLC
Special Warranty Deed
$10,465,000 · Morgan Stanley Bank NA
Nov 21, 2017
—
Watchlist Menaul LLC
Bonham-one Executive Center Ll
Trustees Deed
$5,625,000 · Bank Of Albuquerque
Feb 8, 2013
—
Tina Chorman
T Chorman-one Executive Cent
Quit Claim Deed
—
Apr 9, 2010
—
Tic One Executive Center LLC
For 1031 One Executive Center
Grant Deed
related
—
Nov 15, 2007
—
Sholler Mgmt-one Executive Cen
1031 One Executive Center LLC
Grant Deed
—
Nov 9, 2007
—
Leonard-one Executive Center L
For 1031 One Executive Center
Grant Deed
—
Nov 6, 2007
—
Babcock-one Executive Center
For 1031 One Executive Center
Grant Deed
—
Nov 1, 2007
—
J Johnson-one Executive Center
1031 One Executive Center LLC
Grant Deed
—
Oct 31, 2007
—
B Peterson-one Cente Executive
For 1031 One Executive Center
Grant Deed
—
Oct 29, 2007
—
Einstoss-one Executive Center
For 1031 One Executive Center
Grant Deed
—
Oct 26, 2007
—
Johnson-one Executive Center L
For 1031 One Executive Center
Grant Deed
—
Oct 25, 2007
—
Bonham-one Executive Center Ll
For 1031 One Executive Center
Grant Deed
—
Oct 24, 2007
—
A Ko-one Executive Center LLC
1031 One Executive Center LLC
Grant Deed
—
Oct 29, 2004
—
Mountain States Const INC
—
Deed Of Trust
related
$6,900,000 · Bank Of The West
—
—
For 1031 One Executive Center
—
Deed Of Trust
related
$6,300,000 · Artesia Mortgage Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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