2524 Graceland DrAlbuquerque, NM 87110

Property Details for 2524 Graceland Dr

Year built

1964

Lot size

0.16 AC

Property size (Sq ft)

4,275 SF

Property type

Retail space

APN

1-017-059-230-239-3-14-17

APU

101705923023931417

Description

This exceptional 4,275-square-foot flex space presents a unique opportunity for businesses seeking a versatile and well-maintained industrial property. The single-tenant building sits on a half-acre lot, offering ample secure yard space for storage or operations. The building features a convenient storefront entry, enhancing accessibility and visibility. Loading and unloading are simplified with three grade-level doors: two measuring 10' x 10' and one measuring 12' x 10'. Inside, a clear span of 9'11" provides flexibility in layout and equipment placement. The property benefits from 200-amp, single-phase power. Recent improvements significantly enhance the building's functionality and aesthetics. These include a newly sealed parking lot, new insulation throughout the building, new interior protective wainscoting, and fresh exterior paint applied in November 2024. The property is zoned MX-M, allowing for a range of potential uses. Note that a mobile phone tower located on the property is not included in the sale. This turnkey property is ready for immediate occupancy and offers a compelling combination of functionality, location, and recent upgrades.

• CAP approach

  CAP return

  Valuation

  6%

  $908,152

  6.5%

  $838,294

  7%

  $778,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $928,275

  Geo Method

  $890,065

• Alternative Use

  Use

  Valuation

  Residential

  $707,133

  Hospitality

  $647,730

  Educational

  $538,903

  Medical

  $557,437

  Retail

  $838,294

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1085

Longitude

-106.596

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].