Assisted Living Residential
3225 Georgia Street NE Albuquerque, NM 87110
For Sale
$690,000
Assisted living residence with ADA features, seven bedrooms, and wheelchair ramp access on a corner lot.
Property Size2,462 SF
Price / SF$280.26
Days on Market130
Property Features for 3225 Georgia Street NE
General Information
- Standard status
- Active
- Size
- 2,462 SF
- Property subtype
- Mixed Use
Listing Agency:
Vista Encantada Realtors, LLC
(505) 228-2212
Listed By:
Megan England · License #40172
(505) 228-2212
Source:
Xome
Added: Mar 16
Changed: Jul 23
Last Checked: Jul 23 at 6:41AM
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 For Apartment 5plus
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 | $39.9k | $16.20 |
| − Vacancy | −$2.1k | −$0.84 |
| EGI | $37.8k | $15.36 |
| − OpEx | −$17.0k | −$6.91 |
| NOI | $20.8k | $8.45 |
2,462 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,692 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aspen Care
Nursing Home
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
FAQs
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 NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $690,000.
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
