Renovated Medical Office
For Lease
Contact for pricing
124 Alvarado Dr SE, Albuquerque, NM 87108
Demised into medical and administrative office space with multiple exam rooms and a workshop area.
Property Size3,153 SF
Days on Market470
Property Features for 124 Alvarado Dr SE
General Information
Standard status
Active
Size
3,153 SF
Property subtype
OFFICE
Lease Type
SF/yr
Additional Details
Fenced Yard
Yes
Office Units
2
Amenities
Outdoor Patio/Employee Lounge Area
Building Details
Tenancy
Multi
Listing Agency:
RESOLUT RE
(505) 859-2975
Listed By:
Jeremy Salazar
(505) 859-2975
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Jul 26
Last Checked: Jul 30 at 11:54AM
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 RESOLUT RE
Investment Insights
Based on property information with market context.
This renovated office suite is currently demised into medical office space on the east side and administrative office space on the west side. The layout includes multiple exam rooms and a workshop area, along with an outdoor patio or employee lounge area. The property has been recently renovated with a TPO roof, HVAC, and upgraded electrical.
The building is enclosed by a high-quality security fence with an auto-opening gate, and entry doors include existing access control.
The prior tenant operated as a prosthetics and orthotics provider, supporting a fit-out that already includes medical-oriented rooms and workspace for hands-on services.
The building is enclosed by a high-quality security fence with an auto-opening gate, and entry doors include existing access control.
The prior tenant operated as a prosthetics and orthotics provider, supporting a fit-out that already includes medical-oriented rooms and workspace for hands-on services.
Key Highlights
- Demised into medical office (east side) and administrative office (west side)
- Recently renovated with TPO roof, HVAC, and upgraded electrical
- High‑quality security fence fully enclosing the property with auto‑opening gate
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Demised into medical and administrative office space with multiple exam rooms and a workshop area.
Where is this medical office space located?
The property is located at 124 Alvarado Dr SE Albuquerque, NM.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Demised into medical office (east side) and administrative office (west side); Recently renovated with TPO roof, HVAC, and upgraded electrical; High‑quality security fence fully enclosing the property with auto‑opening gate
