540 Gallatin PlAlbuquerque, NM 87121

Property Details for 540 Gallatin Pl

Year built

2003

Lot size

5.82 AC

Property size (Sq ft)

91,200 SF

Property type

Warehouses

APN

1-010-058-203-032-3-03-01

APU

101005820303230301

Description

This exceptional industrial warehouse space, located at 540 Gallatin Pl NW - Suite B in Albuquerque, New Mexico, offers 34,307 square feet of versatile space within a larger 91,200 square foot building. Situated in the West Mesa submarket of Bernalillo County, this single-story structure boasts a 28-foot ceiling height, providing ample room for various industrial operations. Built in 2005, the property sits on 5.818 acres of land and is zoned NR-BP. The space includes approximately 1,602 square feet of existing office build-out, conveniently divided into two areas: approximately 781 square feet in the northwest corner and approximately 820 square feet in the south bay. The property benefits from robust electrical service, featuring a 277/480v, 400 amp, 3-phase system, with an additional 200 amp spare service readily available. Enjoy convenient access to I-40 via Unser Blvd, making transportation and logistics seamless. This property is ideal for businesses seeking a well-maintained, spacious warehouse in a prime Albuquerque location. The zip code is 87121.

• CAP approach

  CAP return

  Valuation

  6%

  $28,211,900

  6.5%

  $26,041,700

  7%

  $24,181,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,573,500

  Geo Method

  $12,055,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $13,570,100

  Mixed-Use / Specialty

  $13,691,900

  Hospitality / Lodging

  $10,266,900

  Office

  $13,787,800

  Institutional / Educational

  $14,294,900

  Residential Income

  $16,725,000

  Multifamily

  $19,115,500

  Automotive / Energy

  $12,252,700

  Parking / Income-Based Land

  $4,060,120

  Restaurant / Food Service

  $7,484,500

  Healthcare / Senior Housing

  $13,866,200

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0884

Longitude

-106.721

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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