Office Building Oppurtunity and HUB Zone w/ SBA financing

Office for Sale
Catylist Listing ID: 30266509
Property Subtypes: Mixed Use, Flex Space, Office Building, General
Building Size (RSF): 6,195 SF
Gross Land Area: 0.46 Acres
Sale Price: $669,723
Unit Price: $108.11 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 2823 Richmond Dr NE
Class of Space: Class B
Usable Size (USF): 6,195 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 2/6/2019

Overview / Comments

Well built 1987 vintage property in heart of Brewery/Entertainment district. Configuration of building makes it easy for owner occupant who needs entire space, or who wants to occupy portion and rent out balance (two lobbies, two kitchen areas, etc.).

Currently owner occupied until Q3-2018. Well maintained, new roof and many updates.

Located just south of Corporate Blake's (Lotaburger) campus, west of WalMart, North of Menaul and surrounded by restaurants, brew pubs, retail and entertainment centers like Main Event.

Disclosure: Owner of building was listing brokers landlord.

Amazing virtual tour of space at

8.00% Cap rate, based on $15.20sf FS (CARNM Comps - see flyer) - space contains 24 offices, three conference rooms, two lobby areas, two kitchen areas and three server/phone rooms.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Taxing Authority: Bernalillo
Tax ID/APN: 101605930943810819
Zoning: C-3 - Heavy Commercial Zone
Property Located Between: Menaul and Candelaria
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,195 SF
Year Built: 1987
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 5.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 32
Heat Type: Natural Gas
Air Conditioning: Package Unit
Zoning Description: Zoning moving from C-3 today to NR-C under new IDO effective 5/17/2018
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: Lt 4-B-1-B Land Div Plat Lts 4-B-1-A & 4-B-1-B Blk B Duke City Industrial Area

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,486 133,100 337,943
Median Age: 33.16 37.11 37.87
Households: 4,944 60,966 145,656


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