Medical Office Building For
For Sale
Contact for pricing
3908 Carlisle Blvd NE, Albuquerque, NM
Free-standing medical office building with established tenant and recent renovations.
Property Size4,821 SF
Lot Size0.36 Acres
Price / SF$213.33
Days on Market789
Property Features for 3908 Carlisle Blvd NE
General Information
Standard status
Active
Size
4,821 SF
Lot size
0.36 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Hgn
Listing Agency:
Absolute Investment Realty
(505) 346-6006
Listed By:
Alfredo Barrenechea · License #19300
(505) 401-0135
Source:
Moodyscre
Added: Sep 2, 2024
Changed: Oct 25
Last Checked: Oct 28 at 12:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Investment Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This free-standing medical office building, renovated in 2023, features a NNN lease with an established and experienced tenant. The property includes a personal guaranty and annual rent escalations. The standalone building, totaling approximately 4,821 square feet, is situated on approximately 0.359 acres. Inside, the layout comprises a reception area, 15 large offices, open workspaces, two ADA-compliant restrooms, a conference room, and a break room.
Key Highlights
- Free‑standing medical office building with established & experienced tenant
- NNN lease structure
- Newly renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,042
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,840
$1.3M
Cap Rate 7%
$914,886
$914.9K
Cap Rate 9%
$711,578
$711.6K
Market Conditions
NOI Build-Up for 4,821 SF
Gross rent
$104.1K $21.60/SF
− Vacancy
−$18.7K −$3.89/SF
EGI
$85.4K $17.71/SF
− OpEx
−$21.3K −$4.43/SF
NOI
$64.0K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,840
Cap Rate 7%
$914,886
Cap Rate 9%
$711,578
Alternative Uses
Best Use
Office B
$914.9K
$800.5K – $1.07M
NOI $64,042 @ 7.0% cap · market cap 6.23%
Second Best
Healthcare Medical
$880.9K
$770.8K – $1.03M
NOI $61,664 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,641 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Free-standing medical office building with established tenant and recent renovations.
Where is this medical office space located?
The property is located at 3908 Carlisle Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,028,480.
What are key features of this property?
This property features: Free‑standing medical office building with established & experienced tenant; NNN lease structure; Newly renovated in 2023
