8000 Pennsylvania CirAlbuquerque, NM 87110

Property Details for 8000 Pennsylvania Cir

Year built

1978

Lot size

0.36 AC

Property size (Sq ft)

7,032 SF

Property type

Office buildings

APN

1-019-058-325-075-4-08-16

APU

101905832507540816

Description

This exceptional Albuquerque office space, located at 8000 Pennsylvania Cir NE, offers ±879 to ±3,353 square feet of traditional office space for lease. The property is a two-story Class B building conveniently situated near the intersection of Lomas Blvd and Pennsylvania Dr, providing easy access to Uptown Albuquerque and I-40. The zoning is MX-T, allowing for a variety of commercial uses. Tenants will enjoy a full-service lease rate of $15.50 per square foot, with flexible suite sizes to accommodate various business needs. A significant tenant allowance is negotiable, making this an attractive opportunity for businesses seeking a cost-effective solution. The property boasts a generous parking ratio of 3 spaces per 1,000 square feet, ensuring ample parking for employees and clients. Its prime location offers quick access to not only Uptown Albuquerque but also the Coronado and Winrock shopping centers and other local amenities. The common-area entrance provides a professional and welcoming atmosphere for all tenants. This is an ideal location for businesses seeking a high-visibility, easily accessible, and amenity-rich office space in Albuquerque, New Mexico. The zip code is 87110.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,212

  6.5%

  $938,042

  7%

  $871,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,925

  Geo Method

  $580,984

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,172

  Hospitality

  $1,065,459

  Educational

  $886,450

  Medical

  $916,936

  Retail

  $1,378,922

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0894

Longitude

-106.558

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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