Entity Owned 
For Lease
1 / 99
$17.50 SF/Yr
8500 Menaul Blvd NE, Albuquerque, NM 87112
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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
Current use
Occupant on record · Public records
-
Loan Service Bank
-
Loan Service Bank
-
Law Firm Child Welfare Organization
-
Physician Medical Clinic
-
Insurance Agency
Location
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
since 2022
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$14.9M
+62.7%
Restaurant
$10.7M
+17.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.45M
Value range
$10.30M – $12.59M
±10% around blend
Estimated value / SF
$106 / SF
Confidence
Property data
75
Comparable evidence
60
Income certainty
100
$10.30M
blend $11.45M
$12.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
108,256 SF
Lot area
5.7 ac
Year built
1979
APN
1-020-059-082-239-3-13-36
Assessed value
$2,749,725
Annual tax
$131,921
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$131,921
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$9.99M
Range $4.18M – $13.62M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+63%
vs current-use indication
Restaurant
Office Building · current use
Auto Repair, Garage
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$21.72M
Move the market yield to see immediate price impact.
Value / SF
$201
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.37M
$27.36M
$19.54M
$15.20M
$1.52M
$30.40M
$21.72M
$16.89M
$1.67M
$33.44M
$23.89M
$18.58M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
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
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
5.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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