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    Medical Office Building For Sale Title is generated by Realmo AI

    3908 Carlisle Blvd NE, Albuquerque, NM

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    Free-standing medical office building with established tenant and recent renovations.

    Type:OFFICE
    Property size:
    4,821 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $213/SF
    Added:
    Sep 2, 2024
    Days on Market:
    652
    Last Refresh:
    May 19 at 9:41 pm

    Property Features for 3908 Carlisle Blvd NE

    General Information

    Standard status
    Active
    Size
    4,821 SF
    Lot size
    0.36 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Alfredo Barrenechea
    Alfredo Barrenechea

    Listing agent Alfredo Barrenechea License #19300

    Listing office Absolute Investment Realty

    Listing date Sep 2, 2024

    Source Moodyscre

    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

    HighLights

    • Free‑standing medical office building with established & experienced tenant
    • NNN lease structure
    • Newly renovated in 2023
    • Annual rent escalations
    • +/- 4,821 SF standalone building on approximately +/- 0.359 acres
    • Includes reception area, 15 offices, open workspaces, 2 ADA restrooms, conference room, and break room

    Overview

    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.

    Local 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 (±1% cap)
    NOI $64,042 @ 7.0% cap · market cap 6.23%
    Second Best
    Healthcare Medical
    $880.9K
    $770.8K – $1.03M (±1% cap)
    NOI $61,664 @ 7.0% cap · market cap 6.00%
    Theoretical Best
    Office A
    $1.17M
    $1.02M – $1.36M (±1% cap)
    NOI $81,641 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deaf Culture Center ... Charitable Organization Foot & Ankle Specialists Physician David Hyer, DPM Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.604
    Latitude
    35.1251

    FAQs

    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
    (505) 401-0135 Call to check price and availability
    More about this property
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