204 Carlisle BlvdAlbuquerque, NM 87106

Property Details for 204 Carlisle Blvd

Year built

1955

Lot size

0.15 AC

Property size (Sq ft)

1,340 SF

Property type

Office properties

Property subtype

Other office properties

APN

1-017-057-012-273-2-01-23

APU

101705701227320123

Description

This exceptional 1,304 square foot office building is ideally situated in Albuquerque's desirable Nob Hill neighborhood. The property boasts MX-L (low intensity) zoning, offering versatility for a range of professional uses. Previously utilized as a homeopathic clinic, the layout is well-suited for similar medical practices or other professional offices. The building features a spacious front lobby, perfect for client reception, and three to four private rooms, ideal for individual offices or treatment areas. Recent updates include a modernized HVAC system and the majority of the windows have been replaced, ensuring energy efficiency and comfort. Convenient off-street parking is available at the rear of the building, providing ample space for staff and clients. The 0.15-acre lot provides a manageable footprint for this established business location. This property presents a rare opportunity to acquire a well-maintained, centrally located office building in a highly sought-after area of Albuquerque. Its adaptable layout and recent improvements make it an attractive investment for discerning buyers seeking a turnkey solution in a vibrant and thriving community. The asking price is $379,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $193,647

  6.5%

  $178,751

  7%

  $165,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,464

  Geo Method

  $110,711

• Alternative Use

  Use

  Valuation

  Residential

  $221,651

  Hospitality

  $203,031

  Educational

  $168,920

  Medical

  $174,729

  Retail

  $262,764

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0805

Longitude

-106.604

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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