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    1851 S Rt. 66 Edgewood, NM

    For Sale
    $980,000

    NNN leased medical office building for sale in Edgewood.

    Property size:
    3,600 SF
    Lot size:
    0.24 Acres

    Property Features for 1851 S Rt. 66

    General Information

    Size
    3,600 SF
    Lot size
    0.24 Acres

    Source: Coldwell Banker Commercial - Las Colinas Agent April Ager

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

    Overview

    Medical Office Investment Opportunity

    This property presents an investment opportunity with a current tenant, Edgewood Family Dentistry, in place until 2027. The original lease term was 10 years, with options to renew. The lease structure is NNN, featuring annual increases. The property is located in Edgewood, NM. The property size is 3,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Vista Larga Animal Hospital

    Map

    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.1914141
    Latitude
    35.0614358

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    FAQs

    What type of property is this?
    Medical office - NNN leased medical office building for sale in Edgewood.
    Where is this medical office located?
    The property is located at 1851 S Rt. 66 Edgewood, NM.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - Tenant in place until 2027, providing immediate rental income.; - NNN lease structure, minimizing landlord responsibilities.; - Annual rent increases, ensuring a growing return on investment.
    (505) 269-5771
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    1851 S Rt. 66 Edgewood, NM
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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
    1851 S Rt. 66 Edgewood, NM
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