Randolph Professional Building | 1820 Randolph Rd SE
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Randolph Professional Building 1820 Randolph Rd SE
18,667 SF Office Building Albuquerque, NM 87106 $2,195,000 ($118/SF)
Investment Highlights
- Seller Financing Available
- 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 property is a nice freestanding two-story office building 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. 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. Located in the Airport submarket just west of Yale Blvd, it offers terrific I-25 access from both Gibson Blvd SE and Sunport Blvd. This is a great opportunity to lease a single tenant office building or for an Owner/User to own their own property. Seller Financing is available for qualified buyers.
Sherpa Commercial Real Estate and Sentinel Real Estate & Investment are pleased to present 1820 Randolph Rd SE for sale or lease. This property is a nice freestanding two-story office building 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. 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. Located in the Airport submarket just west of Yale Blvd, it offers terrific I-25 access from both Gibson Blvd SE and Sunport Blvd. This is a great opportunity to lease a single tenant office building or for an Owner/User to own their own property. Seller Financing is available for qualified buyers.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$16,198
|
$0.87
|
| Operating Expenses |
$4,636
|
$0.25
|
| Total Expenses |
$20,834
|
$1.12
|
Financial Summary (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $16,198 |
| Annual Per SF | $0.87 |
| Operating Expenses | |
|---|---|
| Annual | $4,636 |
| Annual Per SF | $0.25 |
| Total Expenses | |
|---|---|
| Annual | $20,834 |
| Annual Per SF | $1.12 |
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
$2,195,000
Price Per SF
$118
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,334 SF
Slab To Slab
9’
Building FAR
0.33
Land Acres
1.28 AC
Opportunity Zone
Yes
Zoning
NR-BP - Suitable for all general office uses.
Parking
57 Spaces (3.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Courtyard
- Raised Floor
- Security System
- Reception
- Storage Space
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Partitioned Offices
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 18,667 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 18,667 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 18,667 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 1-015-055-416320-1-03-03 | Total Assessment | $371,396 (2023) |
| Land Assessment | $79,632 (2023) | Annual Taxes | $16,198 ($0.87/SF) |
| Improvements Assessment | $291,764 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
1-015-055-416320-1-03-03
Land Assessment
$79,632 (2023)
Improvements Assessment
$291,764 (2023)
Total Assessment
$371,396 (2023)
Annual Taxes
$16,198 ($0.87/SF)
Tax Year
2022
-
Brady Welsh -
Sherpa Commercial Real Estate
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Randolph Professional Building | 1820 Randolph Rd SE
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