6121 Indian School RdAlbuquerque, NM 87110

For Lease
$16.50/SF/YR View listing
  • Office buildings
  • 88,040 SF

Property Details for 6121 Indian School Rd

Year built
1980
Lot size
2.97 AC
Property size (Sq ft)
88,040 SF
Property type
Office buildings
APN
1-018-059-321-047-4-03-05
APU
101805932104740305

Description

This exceptional office property, located at 6121 Indian School Rd. NE, Phoenix, offers a prime location in Uptown Phoenix. The building boasts a total of 62,512 square feet, with multiple tenancy options available. Individual suites range from a minimum of 1,230 square feet to a maximum contiguous space of 4,947 square feet, providing flexibility for businesses of various sizes. The property sits on a generous 3.09-acre lot and is zoned MX-H. The convenient Uptown location offers easy access to restaurants, coffee shops, and hotels, enhancing the appeal for employees and clients alike. Commuting is simplified by its proximity to I-40. Building amenities include ample underground parking, convenient conference and break rooms, and the opportunity for prominent monument signage. The abundance of windows throughout the building ensures plenty of natural light, creating a bright and productive work environment. A strong parking ratio further adds to the property's desirability. The APN is 101805932104740305.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,722,876
    6.5%
    $11,744,193
    7%
    $10,905,322
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,586,125
    Geo Method
    $7,273,865
  • Alternative Use

    Use
    Valuation
    Residential
    $14,562,800
    Hospitality
    $13,339,446
    Educational
    $11,098,263
    Medical
    $11,479,949
    Retail
    $17,263,964
6121 Indian School Rd, Albuquerque, New Mexico

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1034
Longitude
-106.575
CBSA code
10740
CBSA name
ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$75,555
$457,591
$1,117,268
$1,574,859
-
$1,372,910
$3,352,140
$4,725,050

FAQs

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