Active

Stand-Alone NE Heights Office

9910 Indian School Rd NE Albuquerque, NM 87112

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Overview

SUITES

  • 1st Floor: ±3,234 SF
    - Fully Leased
  • 2nd Floor Executive Suites:
    - Fully Leased

HIGHLIGHTS

  • 2nd floor with eight executive suites
  • Elevator
  • Gated parking spaces
  • Quick access to I-40
  • Monument and building signage available
  • Very limited office space in the Northeast Heights

FINANCIALS

  • Rent Gross Income:
    $86,193
  • Full-Building Operating Expenses:
    $24,683
  • NOI: $61,510

CAPITAL IMPROVEMENTS

  • Recent roof updates
  • HVAC units
  • Resurfaced parking lot
  • Newly-added fenced parking
  • Updated restrooms
  • Electrical on monument sign

Lease Spaces

NameRateSF
1st Floor$15 /SF/Year3,234 SF

For Sale

Office
Investment

Secondary Uses: Office Building

Sale Price
$900,000
Price Per SF
$139.1/SF
Cap Rate
6.83%
Building Size
6,468 SF
Acres
0.37 ac
Zoning
MX-L
Zoning Description
Low Intensity
Gross Income
$86,193
Net Operating Income
$61,510
Total Expenses
$24,683
Building Name
Aspen Building
Number of Buildings
1
Floors
2
Passenger Elevators
1
Tenancy
Multiple Tenants
Submarket
Northeast Heights
County
Bernalillo
Created
2025-01-30
Updated
2025-09-11
Listing ID
52e370e6

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