Professional Office Building with Flex
3711 Eubank Blvd NE Albuquerque, NM 87111
3711 Eubank Blvd NE, Albuquerque, NM, 87111
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For Sale
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Former dental office offers reception, offices, exam rooms, and multiple restrooms with parking and Eubank frontage.
Property Size2,932 SF
Price / SF$221.69
Days on Market19
Property Features for 3711 Eubank Blvd NE
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
eXp Realty, LLC Albuquerque
Listed by
Ron Hensley · License #NM 18396
Source
Crexi
Added: Jul 3 Updated: Jul 20 at 6:23PM Checked: Jul 20 at 6:23PM
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 eXp Realty, LLC Albuquerque
Investment Insights
Based on property information with market context.
This professional office building was previously designed as a dental office and features a highly functional floor plan suitable for a range of professional uses. The interior includes a spacious reception area, multiple private offices and exam/treatment rooms, conference/training space, a break room, multiple restrooms, and abundant storage. A full crawl space provides convenient access to utilities and can support future remodeling or reconfiguration. The flexible layout can also be divided into two suites, supporting options to occupy one side while leasing the other, or to lease the entire building to a single tenant.
The property offers excellent frontage along Eubank Boulevard and includes monument signage, supporting visibility to traffic in an established professional corridor. Ample on-site parking is available for staff and visitors.
Included with the sale is an adjacent parcel to the south, adding approximately 7,884 SF of additional land that may be used for expanded parking, future building expansion, or redevelopment. The property is available for both sale and lease.
The property offers excellent frontage along Eubank Boulevard and includes monument signage, supporting visibility to traffic in an established professional corridor. Ample on-site parking is available for staff and visitors.
Included with the sale is an adjacent parcel to the south, adding approximately 7,884 SF of additional land that may be used for expanded parking, future building expansion, or redevelopment. The property is available for both sale and lease.
Key Highlights
- Former dental office built in 1987 with a professional layout designed for reception, offices, and exam/treatment rooms.
- Flexible interior includes private offices, conference/training space, break room, multiple restrooms, and abundant storage.
- Can be divided into two suites for an owner‑user setup (occupy one side, lease the other) or leased as one unit.
Local Financial Insights For Healthcare Medical
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 | $72.1k | $24.60 |
| − Vacancy | −$6.1k | −$2.09 |
| EGI | $66.0k | $22.51 |
| − OpEx | −$26.4k | −$9.00 |
| NOI | $39.6k | $13.51 |
2,932 SF · lease $24.60/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$565.7K
$495.0K – $660.0K
NOI $39,598 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$536.1K
$469.1K – $625.4K
NOI $37,524 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$688.2K
$602.2K – $802.9K
NOI $48,174 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leslie Hutchins DDS
Dental Office
Echo Massage & Colonics
Alternative Medicine Practice
Fusion Spa
Hotel & Motel
Ruth Cummings
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Former dental office offers reception, offices, exam rooms, and multiple restrooms with parking and Eubank frontage.
Where is this medical office space located?
The property is located at 3711 Eubank Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Former dental office built in 1987 with a professional layout designed for reception, offices, and exam/treatment rooms.; Flexible interior includes private offices, conference/training space, break room, multiple restrooms, and abundant storage.; Can be divided into two suites for an owner‑user setup (occupy one side, lease the other) or leased as one unit.
