Medical Office with Long-Term
For Sale
$425,000
127 Sandoval Rd SW, Los Lunas, NM 87031
Currently occupied by Optum under a long-term lease supporting continued medical office use.
Property Size1,941 SF
Lot Size0.42 Acres
Price / SF$218.96
Days on Market58
Property Features for 127 Sandoval Rd SW
General Information
Standard status
Active
Size
1,941 SF
Lot size
0.42 Acres
Building Details
Tenancy
Single
Listing Agency:
Century 21 Champions
Listed By:
Nancy A Montoya · License #6751
(505) 480-2121
Source:
Thesouthwestlife
Added: Aug 17
Changed: Sep 14
Last Checked: Oct 7 at 4:15PM
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 Century 21 Champions
Investment Insights
Based on property information with market context.
This medical office property occupies a .42-acre lot and is currently leased to Optum under a long-term agreement. The building has served medical-service users for decades, supporting an established healthcare-oriented configuration.
Located at 127 Sandoval Rd SW in Los Lunas, the property offers an existing medical office setting with an active tenant in place.
Located at 127 Sandoval Rd SW in Los Lunas, the property offers an existing medical office setting with an active tenant in place.
Key Highlights
- Current Optum tenancy under a long‑term lease
- Medical‑service use for decades
- Situated on a .42‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,059
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,180
$461.2K
Cap Rate 7%
$329,414
$329.4K
Cap Rate 9%
$256,211
$256.2K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$38.4K $19.80/SF
− Vacancy
−$7.7K −$3.96/SF
EGI
$30.7K $15.84/SF
− OpEx
−$7.7K −$3.96/SF
NOI
$23.1K $11.88/SF
Area
Valencia County, NM
Vacancy
20.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,180
Cap Rate 7%
$329,414
Cap Rate 9%
$256,211
Alternative Uses
Best Use
Office B
$329.4K
$288.2K – $384.3K
NOI $23,059 @ 7.0% cap · market cap 5.43%
Second Best
Healthcare Medical
$278.5K
$243.7K – $324.9K
NOI $19,495 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,095 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Currently occupied by Optum under a long-term lease supporting continued medical office use.
Where is this medical office space located?
The property is located at 127 Sandoval Rd SW Los Lunas, NM.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Current Optum tenancy under a long‑term lease; Medical‑service use for decades; Situated on a .42‑acre lot
