6020 Academy RdAlbuquerque, NM 87109

Property Details for 6020 Academy Rd

Year built

1980

Lot size

1.29 AC

Property size (Sq ft)

26,377 SF

Property type

Office buildings

APN

1-018-062-173-019-3-01-10

APU

101806217301930110

Description

This exceptional 25,688 square foot, two-story office building presents a unique owner-user opportunity with in-place income. Located at 6020 Academy Rd NE in Albuquerque, New Mexico, this Class C property boasts a prime location in a high-traffic, high-density corridor, minutes from Interstate 25, a golf course, shopping, and restaurants. The building, constructed in 1980, features a newer TPO roof, common restrooms, HVAC throughout, and ample parking (100 spaces plus bike storage). Security is enhanced by a locked, fenced overnight parking lot and hard-wired, exterior security monitoring. Amenities include a tranquil courtyard picnic area and monument signage. Currently housing five tenants with a gross lease structure, the property offers significant investment potential. Seller financing is available. The ground floor (up to 13,280 square feet) will be available for occupancy in January 2025. The property sits on a 1.29-acre lot and is zoned NR-C. There is no deferred maintenance. The building is a two-story walk-up, with potential for elevator installation. The asking price is $2,750,000 ($107.05 per square foot). This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable Albuquerque location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,777,788

  6.5%

  $3,487,189

  7%

  $3,238,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,246,252

  Geo Method

  $2,179,268

• Alternative Use

  Use

  Valuation

  Residential

  $4,324,114

  Hospitality

  $3,960,866

  Educational

  $3,295,394

  Medical

  $3,408,728

  Retail

  $5,126,168

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1459

Longitude

-106.581

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].