320 Osuna RdAlbuquerque, NM 87107

Property Details for 320 Osuna Rd

Year built

2001

Lot size

1.24 AC

Property size (Sq ft)

22,837 SF

Property type

Office buildings

APN

1-015-062-443-206-4-12-17

APU

101506244320641217

Description

This exceptional 3,167 square foot traditional office space, located at 320 Osuna Rd NE, Suite G-4 in Albuquerque, New Mexico, presents a unique investment opportunity. Currently vacant, this Class B office condo boasts high-quality construction, abundant natural light enhanced by dormers, and attractive hardwood floors complemented by custom cabinetry. The suite is conveniently situated on the second level, easily accessible via an elevator. Its prime North Valley location offers easy access to I-25 and Albuquerque's Westside, providing excellent connectivity for businesses and employees. The property features charming common area courtyards and landscaping, creating a pleasant and professional atmosphere. Ample shared common area parking is available for tenants and visitors. The condo association fee of $4.36 per square foot covers property taxes, insurance, and common area maintenance (CAM), providing a predictable and manageable expense structure. The permitted zoning is NR-BP. The asking price is $712,500, translating to $224.98 per square foot. This property is ideal for a business seeking a move-in ready, well-maintained office space in a desirable Albuquerque location. Don't miss this chance to acquire a valuable asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,270,776

  6.5%

  $3,019,178

  7%

  $2,803,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,944,784

  Geo Method

  $1,886,793

• Alternative Use

  Use

  Valuation

  Residential

  $3,743,780

  Hospitality

  $3,429,283

  Educational

  $2,853,123

  Medical

  $2,951,246

  Retail

  $4,438,191

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1507

Longitude

-106.625

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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