610 7Th StAlbuquerque, NM 87102

Property Details for 610 7Th St

Year built

1911

Lot size

0.08 AC

Property size (Sq ft)

1,940 SF

Property type

Office properties

Property subtype

Office buildings

APN

1-014-058-102-126-3-29-04

APU

101405810212632904

Description

This stunning 6,560 square foot office building, situated on a 0.32-acre lot at 610 7th Street NW in Albuquerque, NM, presents a rare opportunity. Originally four early 1900s pueblo-style homes, this historic property has been meticulously converted into a sophisticated office space. Its prime downtown location, just blocks from the courthouses, offers unparalleled convenience. The property boasts ample off-street parking within a secure, walled courtyard, a significant advantage in this bustling area. The interior layout is thoughtfully designed, featuring eight executive offices, four support staff offices, three conference rooms, two reception areas, and four bathrooms. Two basements provide ample space for mechanical systems and storage. A comfortable break room/kitchen and a lovely covered and gated patio add to the property's appeal. The building is currently configured for immediate occupancy, but its flexible design allows for easy reconfiguration to suit a variety of business needs. This exceptional property is priced below appraised value, making it an outstanding investment opportunity. Don't miss this chance to own a piece of Albuquerque's history.

• CAP approach

  CAP return

  Valuation

  6%

  $280,354

  6.5%

  $258,788

  7%

  $240,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $167,164

  Geo Method

  $160,283

• Alternative Use

  Use

  Valuation

  Residential

  $320,898

  Hospitality

  $293,941

  Educational

  $244,555

  Medical

  $252,966

  Retail

  $380,419

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0909

Longitude

-106.654

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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