4200 Silver AveAlbuquerque, NM 87108

Property Details for 4200 Silver Ave

Year built

1962

Lot size

0.26 AC

Property size (Sq ft)

4,806 SF

Property type

Office buildings

APN

1-017-057-206-179-3-30-10

APU

101705720617933010

Description

This exceptional Albuquerque office property, located at 4200 Silver Ave SE, offers four move-in ready suites totaling 4,730 square feet within a single-story Class B building. Each suite is designed for functionality and charm, boasting abundant natural light from full-length windows and skylights. The property is ideally suited for businesses seeking traditional or creative office space in the vibrant Nob Hill neighborhood. Ample parking is available for tenants and clients, a significant advantage in this desirable location. Currently available for lease at a modified gross rate of $750 per month, these suites present a fantastic opportunity to establish a presence in a thriving business community. Tenants are responsible for utilities (gas and electric) and janitorial services. The property's location in historic Nob Hill provides access to a unique blend of history, culture, and opportunity, making it an attractive choice for businesses seeking a distinctive and convenient work environment. This is a rare opportunity to secure office space in this highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $694,527

  6.5%

  $641,102

  7%

  $595,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,118

  Geo Method

  $397,072

• Alternative Use

  Use

  Valuation

  Residential

  $794,967

  Hospitality

  $728,185

  Educational

  $605,842

  Medical

  $626,677

  Retail

  $942,420

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0778

Longitude

-106.597

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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