8400 Osuna RdAlbuquerque, NM 87111

Property Details for 8400 Osuna Rd

Year built

1981

Lot size

1.60 AC

Property size (Sq ft)

5,940 SF

Property type

Office buildings

APN

1-020-061-024-233-3-11-59

APU

102006102423331159

Description

Located in Albuquerque's Northeast Heights submarket at 8400 Osuna Rd NE, 87111, Osuna Professional Center offers 4,606 square feet of immediately available office space for lease. This six-building, single-story complex provides flexible options for various business needs, including medical, creative, and traditional office uses. The property is zoned MX-T and features a lush campus setting near high-traffic shopping areas and upscale residential neighborhoods. Units range from a minimum of 1,320 square feet to a maximum contiguous space of 3,650 square feet. Currently, the entire 4,606 square feet is vacant. Building amenities include prominent Wyoming Blvd signage, excellent visibility with 47,000 vehicles passing daily, and newly installed way-finding and tenant-specific signage. Former dental spaces are available in shell condition, with attractive build-out incentives offered. A special promotion offers free rent through December 2024 for new leases, with the length of the free rent period dependent on the lease term (3 months free on a 3-year lease, 4 months free on a 4-year lease, and 5 months free on a 5+ year lease). This presents a unique opportunity to secure high-quality office space in a desirable location at a significantly reduced cost. The property is professionally managed and locally owned.

• CAP approach

  CAP return

  Valuation

  6%

  $850,744

  6.5%

  $785,302

  7%

  $729,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,848

  Geo Method

  $490,763

• Alternative Use

  Use

  Valuation

  Residential

  $973,775

  Hospitality

  $891,973

  Educational

  $742,111

  Medical

  $767,633

  Retail

  $1,154,395

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1371

Longitude

-106.55

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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