Randolph Professional Building 1820 Randolph Rd SE 18,667 SF Vacant Office Building Albuquerque, NM 87106 £1,711,266 (£91.67/SF)
INVESTMENT HIGHLIGHTS
- Can be demised into 3 suites offering income potential for an owner/user.
- Desirable mix of private offices and bullpen areas
- Terrific I-25 and ABQ International Airport Access
EXECUTIVE SUMMARY
Price Reduction from $2,250,000 to $2,195,000 + Seller Financing Considered!!
Sherpa Commercial Real Estate and Sentinel Real Estate & Investment are pleased to present 1820 Randolph Rd SE for sale or lease. This is a great opportunity for a company to acquire and occupy an office building with the potential generate income by leasing out any unused portions of the property. Seller Financing is available for qualified buyers.
Key features include a very functional mix of bullpen and conference areas and private offices, a large parking lot with 57 spaces, restrooms on both floors, and an elevator for convenient and ADA access to the second floor.
Situated just North of the Albuquerque International Airport in close proximity to major employers including Kirtland Air Force Base, Netflix Studios, and The University of New Mexico. Located in the Airport submarket just west of Yale Blvd, it offers terrific I-25 access from both Gibson Blvd SE and Sunport Blvd.
Sherpa Commercial Real Estate and Sentinel Real Estate & Investment are pleased to present 1820 Randolph Rd SE for sale or lease. This is a great opportunity for a company to acquire and occupy an office building with the potential generate income by leasing out any unused portions of the property. Seller Financing is available for qualified buyers.
Key features include a very functional mix of bullpen and conference areas and private offices, a large parking lot with 57 spaces, restrooms on both floors, and an elevator for convenient and ADA access to the second floor.
Situated just North of the Albuquerque International Airport in close proximity to major employers including Kirtland Air Force Base, Netflix Studios, and The University of New Mexico. Located in the Airport submarket just west of Yale Blvd, it offers terrific I-25 access from both Gibson Blvd SE and Sunport Blvd.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
£12,628
|
£0.68
|
| Operating Expenses |
£3,614
|
£0.19
|
| Total Expenses |
£16,243
|
£0.87
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
18,667 SF
Building Class
B
Year Built/Renovated
1975/2016
Price
£1,711,266
Price Per SF
£91.67
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
12,605 SF
Slab to Slab
9 ft
Building FAR
0.33
Lot Size
1.28 AC
Opportunity Zone
Yes
Zoning
NR-BP - Suitable for all general office uses.
Parking
59 Spaces (3.16 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Route
- Conferencing Facility
- Courtyard
- Raised Floor
- Security System
- Reception
- Storage Space
- Central Heating
- High Ceilings
- Lift Access
- Natural Light
- Open-Plan
- Partitioned Offices
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite A is incredibly functional office/flex space that can be combined with the other suites for a total of over 18,000 SF. This is a terrific option for companies looking for a functional combination of private offices and bullpen type space that features high ceilings and lots of natural light.
- 1st Fl-Ste B
- 4,840 SF
- Office
- Full Build-Out
- Now
This second floor office space is accessible by the building elevator or stairs and can seamlessly be combined with the suite below it for a total ranging from 10,902 SF. up to 18,667 SF. The permitter window line features great views and let's in a ton of natural light!
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A | 7,765 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste B | 4,840 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste C | 6,062 SF | Office | Full Build-Out | Now |
1st Fl-Ste A
| Size |
| 7,765 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste B
| Size |
| 4,840 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste C
| Size |
| 6,062 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 1-015-055-416320-1-03-03 | Total Assessment | £289,548 (2024) |
| Land Assessment | £62,083 (2024) | Annual Taxes | £12,628 (£0.68/sf) |
| Improvements Assessment | £227,465 (2024) | Tax Year | 2022 |
