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 Market697
Property Features for 3908 Carlisle Blvd NE
General Information
Standard status
Active
Size
4,821 SF
Lot size
0.36 Acres
Property subtype
OFFICE
Listing Agency:
Absolute Investment Realty
(505) 401-0135
Listed By:
Alfredo Barrenechea · License #19300
(505) 401-0135
Source:
Moodyscre
Added: Sep 2, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:51AM
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
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 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 | $104.1k | $21.60 |
| − Vacancy | −$18.7k | −$3.89 |
| EGI | $85.4k | $17.71 |
| − OpEx | −$21.3k | −$4.43 |
| NOI | $64.0k | $13.28 |
4,821 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Veterinary Emergency & Specialty Center of Albuquerque — 4000 Montgomery Blvd NE, Albuquerque, NM 87109
- Thrive Pet Healthcare Specialists - Albuquerque — 4000 Montgomery Blvd NE, Albuquerque, NM 87109
- Express Vet NM — 3924 Carlisle Blvd NE, Albuquerque, NM 87107
- Valle Verde Animal Hospital — 4325 Carlisle Blvd NE, Albuquerque, NM 87107
- Veterinary Dentistry & Oral Surgery of New Mexico — 4000 montgomery blvd ne, albuquerque, nm 87109
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
