Medical Office Building with Two-Bay
1607 W AZTEC Boulevard Aztec, NM 87410
For Sale
$626,750
COMMERCIAL - Aztec, NM
Property Size6,184 SF
Lot Size2.48 Acres
Price / SF$101.35
Days on Market377
Property Features for 1607 W AZTEC Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Standard status
Active
Size
6,184 SF
Lot size
2.48 Acres
Taxes and HOA fees
Tax Description
BEG S 656.61 FT AND W 40 FT AND S49'19'W 157.60 FT AND S38'58'W 37.86 FT FROM NE COR E1/2SENW 083011 TH S 303.83 FT, S8
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
San Juan Realty
(505) 327-4837
Listed By:
Richard Buffington · License #53774
(505) 327-4837
Added: Jul 18, 2025
Changed: Jun 8
Last Checked: Jul 29 at 8:06AM
MLS# 25-938
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical-office building totals 6,184 square feet and sits on 2.48 acres. The property includes a large two-bay garage, multiple common areas, and more than 16 private offices, reflecting its original ambulance-center design. The building has been maintained for office use and is described as being in excellent condition based on the most recent use. A separate home on the rear of the property conveys in as-is condition.
The facility is located at 1607 W AZTEC Boulevard in Aztec, New Mexico. It provides frontage on Aztec Boulevard, supporting convenient customer access and on-corridor visibility.
With its office layout and institutional footprint, the building can accommodate a range of buyers looking for an adaptable setting for business, medical, government, or institutional operations. The two-bay garage and dedicated office configuration are useful for organizations that need both administrative space and practical back-of-house capacity. Showings are available by appointment.
The facility is located at 1607 W AZTEC Boulevard in Aztec, New Mexico. It provides frontage on Aztec Boulevard, supporting convenient customer access and on-corridor visibility.
With its office layout and institutional footprint, the building can accommodate a range of buyers looking for an adaptable setting for business, medical, government, or institutional operations. The two-bay garage and dedicated office configuration are useful for organizations that need both administrative space and practical back-of-house capacity. Showings are available by appointment.
Key Highlights
- 6,184 sq ft commercial building with frontage on W Aztec Blvd
- Originally designed as an ambulance center; layout includes multiple common areas
- Large two‑bay garage plus over 16 private offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $14.88 |
| − Vacancy | −$18.4k | −$2.98 |
| EGI | $73.6k | $11.90 |
| − OpEx | −$18.4k | −$2.98 |
| NOI | $55.2k | $8.93 |
6,184 SF · lease $14.88/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$788.7K
$690.1K – $920.2K
NOI $55,211 @ 7.0% cap · market cap 8.81%
Second Best
Healthcare Medical
$697.9K
$610.6K – $814.2K
NOI $48,851 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,551 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Versatile medical-office style facility with private offices and a large two-bay garage for flexible institutional use.
Where is this office building located?
The property is located at 1607 W AZTEC Boulevard Aztec, NM.
What is the asking price?
The asking price for this property is $626,750.
What are key features of this property?
This property features: 6,184 sq ft commercial building with frontage on W Aztec Blvd; Originally designed as an ambulance center; layout includes multiple common areas; Large two‑bay garage plus over 16 private offices
