9720 Candelaria RdAlbuquerque, NM 87112

Property Details for 9720 Candelaria Rd

Year built

1966

Lot size

0.37 AC

Property size (Sq ft)

5,922 SF

Property type

Office buildings

APN

1-021-059-049-535-2-16-24

APU

102105904953521624

Description

This well-maintained Albuquerque retail property, located at 9720 Candelaria Rd NE, offers a compelling investment or owner-user opportunity. The 5,807 square foot building sits on a 15,682 square foot lot and is zoned MX-L. Currently configured as seven individual suites ranging from 680 to 1200 square feet, the space is ideal for a variety of uses, including office and small retail. Five of the seven suites are on month-to-month leases, presenting a significant opportunity for an owner-user to occupy a substantial portion of the building. The remaining two tenants have approximately one year left on their leases. The asking price is $795,000, translating to $137 per square foot. The property benefits from thirteen years of diligent on-site ownership, ensuring consistent maintenance and preservation of value. Suites can be combined to accommodate larger tenants or a single user. This property presents a rare blend of immediate income potential and long-term growth prospects in a desirable Albuquerque location. The property is located in Bernalillo County, New Mexico, zip code 87112.

• CAP approach

  CAP return

  Valuation

  6%

  $855,802

  6.5%

  $789,972

  7%

  $733,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,280

  Geo Method

  $489,276

• Alternative Use

  Use

  Valuation

  Residential

  $979,565

  Hospitality

  $897,276

  Educational

  $746,523

  Medical

  $772,197

  Retail

  $1,161,258

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1158

Longitude

-106.532

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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