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3121 Amherst Dr NE 3121 Amherst NE dr 25,642 SF 55% Leased Office Building Albuquerque, NM 87107 $3,952,500 ($154.14/SF) 5.28% Cap Rate
Executive Summary
3121 Amherst is a well-maintained, multi-tenant office building located in a mixed office and industrial area just outside the I-25 Corridor.
The building features a blended occupancy allowing for creative and lucrative refitting opportunities.
An astute owner user can utilize the current vacancy and phased winddown of revenue to build up their own business.
• Ideal for educational or campus-style use
• Well-parked with a ratio of 7:1,000
• Building signage opportunities available
• Mature and up kept landscaping throughout the business park
• Surrounded by a variety of amenities
• Located in a well established residential neighborhood
The building features a blended occupancy allowing for creative and lucrative refitting opportunities.
An astute owner user can utilize the current vacancy and phased winddown of revenue to build up their own business.
• Ideal for educational or campus-style use
• Well-parked with a ratio of 7:1,000
• Building signage opportunities available
• Mature and up kept landscaping throughout the business park
• Surrounded by a variety of amenities
• Located in a well established residential neighborhood
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,642 SF
Building Class
B
Year Built
1996
Price
$3,952,500
Price Per SF
$154.14
Cap Rate
5.28%
NOI
$208,697
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,642 SF
Building FAR
0.22
Lot Size
2.63 AC
Opportunity Zone
Yes
Zoning
NR-C - Non Residential - Commercial
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1-016-060-446053-4-02-21 | Improvements Assessment | $629,300 |
| Land Assessment | $231,014 | Total Assessment | $860,314 |
Property Taxes
Parcel Number
1-016-060-446053-4-02-21
Land Assessment
$231,014
Improvements Assessment
$629,300
Total Assessment
$860,314
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3121 Amherst Dr NE | 3121 Amherst NE dr
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