2520 Juan Tabo BlvdAlbuquerque, NM 87112

Property Details for 2520 Juan Tabo Blvd

Year built

1988

Lot size

0.90 AC

Property size (Sq ft)

10,576 SF

Property type

Retail space

APN

1-022-059-014-382-2-10-17

APU

102205901438221017

Description

This exceptional 10,576 square foot end-cap office suite is located within the thriving Piedra Lisa Shopping Center in Albuquerque's desirable Northeast Heights. The property boasts a highly visible location with excellent access and high traffic counts, averaging 29,370 vehicles per day on Juan Tabo Boulevard. The single-tenant space offers significant opportunities for branding and visibility, with building and monument signage available. Successful co-tenants, including Philly Steak Sandwiches and Geico Insurance, create a strong and established retail environment. The property sits on a 0.9-acre lot and includes ample parking with a generous 5.75 spaces per 1,000 square feet ratio, totaling 57 parking spaces. This traditional office space is ideal for a variety of businesses seeking a prominent location with high visibility and convenient access. The property is well-suited for businesses that benefit from high traffic counts and a strong retail synergy. The building's strategic placement within the shopping center ensures excellent exposure to a large customer base. The ample parking ensures convenient access for employees and clients alike. This is a rare opportunity to secure a high-profile office space in a prime Northeast Heights location. The combination of visibility, parking, and successful co-tenants makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,246,694

  6.5%

  $2,073,872

  7%

  $1,925,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,296,476

  Geo Method

  $2,201,948

• Alternative Use

  Use

  Valuation

  Residential

  $1,749,388

  Hospitality

  $1,602,430

  Educational

  $1,333,203

  Medical

  $1,379,054

  Retail

  $2,073,872

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1123

Longitude

-106.515

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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