Assisted Living Residential
For Sale
$599,000
3225 Georgia Street, Albuquerque, NM 87110
Assisted living residence with ADA features, seven bedrooms, and wheelchair ramp access on a corner lot.
Property Size2,462 SF
Price / SF$243.30
Days on Market140
Property Features for 3225 Georgia Street
General Information
Standard status
Active
Size
2,462 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,327
Amenities
wheelchair ramp access
roll-in showers
solid surface floor
wood burning fireplaces
large kitchen
covered patio
backyard landscape
3
Listing Agency:
Vista Encantada Realtors, LLC
(505) 228-2212
Listed By:
Megan England · License #40172
(505) 228-2212
Source:
Xome
Added: Mar 23
Changed: Aug 7
Last Checked: Aug 9 at 4:34AM
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 Vista Encantada Realtors, LLC
Investment Insights
Based on property information with market context.
This assisted living residential facility has been previously operated as an assisted living home and includes a license that may be transferable. The home is equipped with seven bedrooms and 2 1/2 bathrooms, with two spacious living rooms plus a functional office. Additional interior features include two family rooms, each with a wood-burning fireplace, and a large kitchen with ample cabinet and counter space.
The property is situated on a corner lot in a NE heights setting with mature trees. It has ADA-compliant access including a wheelchair ramp at the front porch, roll-in showers in both full bathrooms, and solid-surface flooring with no transitions throughout the home.
Outside, the home offers a landscaped backyard and a large covered patio. A newer tankless water heater was installed in 2024.
The property is situated on a corner lot in a NE heights setting with mature trees. It has ADA-compliant access including a wheelchair ramp at the front porch, roll-in showers in both full bathrooms, and solid-surface flooring with no transitions throughout the home.
Outside, the home offers a landscaped backyard and a large covered patio. A newer tankless water heater was installed in 2024.
Key Highlights
- Previously operated as an assisted living, with a license that may be able to be transferred
- 7 bedrooms and 2.5 bathrooms plus two spacious living rooms and a functional office
- ADA‑compliant features include wheelchair ramp access at the front porch, roll‑in showers in both full bathrooms, and solid‑surface flooring with no transitions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,920
$415.9K
Cap Rate 7%
$297,086
$297.1K
Cap Rate 9%
$231,067
$231.1K
Market Conditions
NOI Build-Up for 2,462 SF
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.
Gross rent
$39.9K $16.20/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$37.8K $15.36/SF
− OpEx
−$17.0K −$6.91/SF
NOI
$20.8K $8.45/SF
Area
Albuquerque, NM
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,920
Cap Rate 7%
$297,086
Cap Rate 9%
$231,067
Alternative Uses
Best Use
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,692 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Casa Palo Duro — 7808 Palo Duro Ave NE, Albuquerque, NM 87110
- Aspen Care — 3225 Georgia St NE, Albuquerque, NM 87110
- Hospice of New Mexico — 2900 Louisiana Blvd NE, Albuquerque, NM 87110
- Amada Senior Care — 3009 Louisiana Blvd NE Suite C, Albuquerque, NM 87110
Frequently Asked Questions
What type of property is this?
Assisted living facility - Assisted living residence with ADA features, seven bedrooms, and wheelchair ramp access on a corner lot.
Where is this assisted living facility located?
The property is located at 3225 Georgia Street Albuquerque, NM.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Previously operated as an assisted living, with a license that may be able to be transferred; 7 bedrooms and 2.5 bathrooms plus two spacious living rooms and a functional office; ADA‑compliant features include wheelchair ramp access at the front porch, roll‑in showers in both full bathrooms, and solid‑surface flooring with no transitions
