2440 Louisiana BlvdAlbuquerque, NM 87110

For Lease
$21/SF/YR View listing
  • Office buildings
  • 106,011 SF

Property Details for 2440 Louisiana Blvd

Year built
1985
Lot size
2.67 AC
Property size (Sq ft)
106,011 SF
Property type
Office buildings
APN
1-019-059-044-187-3-09-04
APU
101905904418730904

Description

This exceptional seven-story office building, located at 2440 Louisiana Blvd NE in Albuquerque, NM 87110, offers 119,833 square feet of renovated space. The property, built in 1985 and situated on 2.67 acres, features multiple tenancies with suites ranging from 862 to 16,207 square feet, and a minimum divisible space of 4,033 square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,319,908
    6.5%
    $14,141,454
    7%
    $13,131,350
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,134,627
    Geo Method
    $8,758,629
  • Alternative Use

    Use
    Valuation
    Residential
    $17,535,402
    Hospitality
    $16,062,334
    Educational
    $13,363,674
    Medical
    $13,823,271
    Retail
    $20,787,936
2440 Louisiana Blvd, Albuquerque, New Mexico

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1069
Longitude
-106.567
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
$67,791
$411,945
$1,001,083
$1,413,028
-
$1,235,960
$3,003,550
$4,239,510

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