4243 Montgomery Blvd NE Albuquerque, NM
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High-occupancy office building with stable tenants and redevelopment potential.
Type:OFFICE
Property size:
74,043 SFLot size:
9.13 AcresPrice / SF:
$180/SF- Added:
- Mar 21, 2025
- Days on Market:
- 400
- Last Refresh:
- Apr 5 at 9:54 pm
Property Features for 4243 Montgomery Blvd NE
General Information
- Standard status
- Active
- Size
- 74,043 SF
- Lot size
- 9.13 Acres
- Property subtype
- OFFICE
Listing agent Tom Jenkins CCIM SIOR License #52736 (505) 238-5318
Listing office REA Real Estate Advisors (505) 238-5318
Listing date Mar 21, 2025
Source Moodyscre
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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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Top Knot Hair ...
Hair Salon
Cocina Azul
Mexican Restaurant
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.597
- Latitude
- 35.1314
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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.
