8500 Menaul BlvdAlbuquerque, NM 87112

Property Details for 8500 Menaul Blvd

Year built

1979

Lot size

5.70 AC

Property size (Sq ft)

108,256 SF

Property type

Office buildings

APN

1-020-059-082-239-3-13-36

APU

102005908223931336

Description

One Executive Center, located at 8500 Menaul Blvd NE in Albuquerque, NM 87112, offers 114,435 square feet of Class B office space in a single, five-story building situated on a 5.34-acre lot. Built in 1982 and renovated in 2018, this property features multiple tenancies with suites ranging from 1,799 to 1,893 contiguous square feet, with a total of 7 suites. Currently, 3,692 square feet of space is vacant. The building boasts a power supply of 3.65/1000 and is zoned MX-M (Mixed-use: Moderate Intensity) within Bernalillo County. Amenities include a shared conference room, on-site security, and ample parking. The property enjoys a prominent location in the Northeast Heights submarket, offering convenient freeway access and proximity to numerous amenities. A complete lobby remodel was completed in March 2018. The property's APN is ABQ97459. This is an excellent opportunity for businesses seeking high-quality office space in a desirable Albuquerque location.

• CAP approach

  CAP return

  Valuation

  6%

  $15,644,339

  6.5%

  $14,440,928

  7%

  $13,409,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,328,072

  Geo Method

  $8,944,111

• Alternative Use

  Use

  Valuation

  Residential

  $17,906,750

  Hospitality

  $16,402,488

  Educational

  $13,646,677

  Medical

  $14,116,007

  Retail

  $21,228,164

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1084

Longitude

-106.548

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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