www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23385568
23385569

1601 Randolph Rd SE, Albuquerque, NM 87106

TJ
NM New Mexico 13292, NM NM 13292
Real Estate Advisors LLC
Listed by Real Estate Advisors LLC
$3,962,978
411 days on market
Updated 47 days ago

NZ Building

Details
Property Type Office
Sub Type Traditional Office
Square Footage 37,819
Net Rentable (SqFt) 37,819
Units 1
Cap Rate 8.00%
NOI $317,038
Occupancy 87%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9%
Pro-Forma NOI $356,493
Price per SqFt $105
Class B
Year Built 1986
Buildings 2
Stories 2
Acreage 2.460
Zoning NR-BP
Investment Type Stabilized

Proven Tenancy. Prime Location. Lasting Value.

Marketing description

Long-Term Government Tenants: The FAA Flight Standards Office and the GSA (Secret Service) collectively lease approximately 40% of the building under long-term agreements. Their presence provides strong occupancy stability and contributes to predictable, reliable cash

flow.

Established R&D Tenant with Secure Facilities: Tau Technologies, a research and engineering firm specializing in directed energy, optics, and space-related programs, has occupied approximately 37% of the building since 2005. Their space includes a laser and imaging lab, along with a secure room for classified (Secret/Collateral) work.

High Occupancy with Room to Grow: Currently 81.81% leased to a diverse mix of tenants, providing immediate in-place cash flow and income reliability.

Strategic Institutional Adjacency: Immediate access to key regional employers like Kirtland AFB, Sandia Labs, and the University of New Mexico enhances appeal for tenants requiring proximity to government or research infrastructure.

Accessible Professional Environment: Located in the Airport submarket with direct connectivity to I-25, the property delivers professional utility without the premium pricing or congestion of central business districts.

Listing Contacts

TJ
NM New Mexico 13292, NM NM 13292
Real Estate Advisors LLC
Listed by Real Estate Advisors LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$317,038.00
$26,419.83/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

Intelligence Badge
NR-BP CommercialSpecial CommercialNon Residential Business Park
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 160 uses
View all 160 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Tom Jenkins
License
New Mexico 13292
Brokerage Phone
505-539-3200
Title
Qualifying Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591