505 Marquette AveAlbuquerque, NM 87102

Property Details for 505 Marquette Ave

Year built

1966

Lot size

0.98 AC

Property size (Sq ft)

249,816 SF

Property type

Office buildings

APN

1-014-058-138-043-3-14-02

APU

101405813804331402

Description

This exceptional office building, located at 505 Marquette Ave NW in Albuquerque, New Mexico, offers a variety of flexible spaces ideal for businesses of all sizes. The property boasts a total of 255,000 square feet, with suites ranging from a minimum of 1,222 square feet to a maximum contiguous space of 6,374 square feet. Seven total suites are available within this multi-tenant building situated on a 0.98-acre lot. The building's efficient design and environmentally conscious features contribute to its low operating costs. Tenants enjoy convenient amenities including an on-site coffee shop, a shared conference room perfect for meetings and presentations, a fitness center for employee wellness, and secure storage solutions. The strategic location in Albuquerque's Downtown submarket provides unparalleled access to the Bernalillo County Court Houses and City-County Offices, ensuring seamless interaction with government agencies. The property is zoned MX-FB-UD, reflecting its suitability for a variety of commercial uses. On-site banking adds further convenience for tenants. This is a truly exceptional opportunity to secure prime office space in a vibrant and accessible location. The building's modern amenities and efficient design make it an attractive option for businesses seeking a productive and comfortable work environment. Contact us today to learn more about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $36,101,532

  6.5%

  $33,324,490

  7%

  $30,944,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,525,850

  Geo Method

  $20,639,798

• Alternative Use

  Use

  Valuation

  Residential

  $41,322,368

  Hospitality

  $37,851,064

  Educational

  $31,491,642

  Medical

  $32,574,688

  Retail

  $48,987,000

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0887

Longitude

-106.653

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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