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    4243 Montgomery Blvd NE Albuquerque, NM 87109

    For Sale
    $13,341,164

    High-occupancy office building with stable tenants and redevelopment potential.

    Property size:
    74,043 SF
    Lot size:
    9.13 Acres

    Property Features for 4243 Montgomery Blvd NE

    General Information

    Size
    74,043 SF
    Lot size
    9.13 Acres

    Source: REA Real Estate Advisors Agent Tom Jenkins CCIM SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albuquerque Office Building For Sale

    This Albuquerque office building features 94% occupancy with a mix of medical, government, and professional tenants, along with a freestanding restaurant, ensuring stable cash flow and tenant retention. Situated on Montgomery Boulevard, the property benefits from high visibility with over 43,000 vehicles passing daily and easy access via a dedicated turn signal. Its location offers convenient routes to I-25 via Montgomery and Jefferson. The property's proximity to hospitals and medical centers drives strong demand from healthcare-related tenants. Located on 5.53 acres, the property offers redevelopment potential and future adaptability. Ample parking is available with a ratio of 4.1 spaces per 1,000 square feet. Opportunities exist to increase net operating income through below-market rents and uncaptured expense pass-throughs. A new 10-year lease with the State of New Mexico, starting in 2025, ensures reliable long-term income. Tenants are responsible for their own electrical and janitorial services, reducing owner responsibilities and mitigating expense risks. The property contains 74,043 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Top Knot Hair ... Hair Salon Cocina Azul Southwestern Restaurant (Us)

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5970232
    Latitude
    35.1314317

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    FAQs

    What type of property is this?
    Office building - High-occupancy office building with stable tenants and redevelopment potential.
    Where is this office building located?
    The property is located at 4243 Montgomery Blvd NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $13,341,164.
    What are key features of this property?
    This property features: - High Occupancy with Stable Tenants: 94% occupancy with diverse medical, government, professional tenants and a freestanding restaurant.; - New Government Tenant: The State of New Mexico’s 10-year lease starting in 2025 ensures reliable long-term income.; - Prime Location: Positioned on Albuquerque’s busy Montgomery Boulevard with over 43,000 daily vehicles.
    (505) 238-5318
    Request Owner's contact information
    4243 Montgomery Blvd NE Albuquerque, NM 87109
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    Albuquerque, NM 87109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4243 Montgomery Blvd NE Albuquerque, NM 87109
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