131 Madison StAlbuquerque, NM 87108

Property Details for 131 Madison St

Year built

1987

Lot size

0.43 AC

Property size (Sq ft)

4,056 SF

Property type

Warehouses

APN

1-017-057-346-235-4-33-04

APU

101705734623543304

Description

This exceptional one-story, 1,929-square-foot office space in Albuquerque's desirable Nob Hill neighborhood is available for lease. Recently renovated in 2023, the property offers a blend of traditional and executive office options within a multi-tenant building. The space includes five individual offices, a shared break room, and a conference room that can be included in the lease or negotiated separately. Enjoy abundant natural light and exposure throughout. Amenities include a shared kitchen with dedicated cabinet space for each tenant, a shared lobby, two bathrooms, secure mailboxes, extra cabinet storage in the lobby, internet access, and secure gated parking with 25 spaces. The building is conveniently located on Madison Street NE, just off Central Avenue, a major artery running the length of Albuquerque and providing easy access to I-25. This high-traffic location benefits from a strong residential population to the north and a substantial daytime business population. The area boasts a diverse mix of retail establishments and is close to the University area. Nearby businesses include Firestone, Bank of Albuquerque, Media Arts Center, and O'Neill's Pub. This is an excellent opportunity to establish a presence in a vibrant and well-connected Albuquerque location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,690

  6.5%

  $1,158,170

  7%

  $1,075,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,189

  Geo Method

  $536,171

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $603,511

  Mixed-Use / Specialty

  $608,929

  Hospitality / Lodging

  $456,607

  Office

  $613,196

  Institutional / Educational

  $635,746

  Residential Income

  $743,823

  Multifamily

  $850,137

  Automotive / Energy

  $544,925

  Parking / Income-Based Land

  $180,568

  Restaurant / Food Service

  $332,864

  Healthcare / Senior Housing

  $616,683

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0793

Longitude

-106.593

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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