2727 San Pedro DrAlbuquerque, NM 87110

Property Details for 2727 San Pedro Dr

Year built

1973

Lot size

1.23 AC

Property size (Sq ft)

18,108 SF

Property type

Office buildings

APN

1-018-059-254-374-2-06-02

APU

101805925437420602

Description

This newly renovated office space offers multiple tenancy options in a desirable Northeast Heights location. Situated near the intersection of NWQ Menaul Blvd. and San Pedro Dr. NE, this property benefits from exceptional accessibility. Enjoy a convenient walk to Quigley Park and quick access to the vibrant Uptown amenities. The building's strategic location provides easy access to I-40, ensuring seamless commutes for employees and clients. The property boasts recently renovated common areas and individual suites, creating a modern and inviting atmosphere. The building also features a strong tenant base with long-term leases, providing stability and predictable income. With a generous 4.1:1,000 parking ratio, ample parking is readily available for tenants and visitors. The property is zoned MX-M, offering flexibility for a variety of commercial uses within Bernalillo County. This is an excellent opportunity to acquire a well-maintained, conveniently located office building with a proven track record of successful tenancy. The combination of modern updates, prime location, and ample parking makes this property an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,616,830

  6.5%

  $2,415,536

  7%

  $2,242,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,560,308

  Geo Method

  $1,496,083

• Alternative Use

  Use

  Valuation

  Residential

  $2,995,264

  Hospitality

  $2,743,646

  Educational

  $2,282,682

  Medical

  $2,361,186

  Retail

  $3,550,838

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1122

Longitude

-106.578

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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