3908 Juan Tabo BlvdAlbuquerque, NM 87111

Property Details for 3908 Juan Tabo Blvd

Year built

1988

Lot size

0.16 AC

Property size (Sq ft)

1,674 SF

Property type

Office buildings

APN

1-022-060-016-351-2-10-32

APU

102206001635121032

Description

This exceptional 1,775-square-foot office space is ideally situated at 3908 Juan Tabo Blvd NE in Albuquerque, New Mexico, within the Far Northeast Heights submarket. The property, located in Bernalillo County, sits on a 0.16-acre lot and is a single-story building without elevators. Zoned MX-T, it's perfect for a variety of uses, currently configured as a medical office. The building boasts a recent interior remodel, showcasing new LED lighting and luxury vinyl tile (LVT) flooring. Its highly visible corner location offers excellent exposure, further enhanced by the availability of monument signage. The property is easily accessible, making it convenient for both employees and clients. This single-tenant space is available for lease at a monthly rate of $2,500, translating to an annual rate of $16.90 per square foot on a modified gross lease. The property's address is 3908 Juan Tabo Blvd NE, Albuquerque, NM 87111.

• CAP approach

  CAP return

  Valuation

  6%

  $239,756

  6.5%

  $221,313

  7%

  $205,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,557

  Geo Method

  $138,306

• Alternative Use

  Use

  Valuation

  Residential

  $274,428

  Hospitality

  $251,374

  Educational

  $209,141

  Medical

  $216,333

  Retail

  $325,330

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.126

Longitude

-106.515

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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