Medical Office Building For
4010 Montgomery Blvd NE Albuquerque, NM 87109
4010 Montgomery Blvd NE, Albuquerque, NM, 87109
Contact for pricing
For Sale
Contact for pricing
For sale medical office building at 4010 Montgomery Blvd NE in Albuquerque.
Property Size11,720 SF
Price / SF$316.64
Days on Market94
Property Features for 4010 Montgomery Blvd NE
General Information
- Standard status
- Active
- Size
- 11,720 SF
- Property subtype
- Retail, Office, Special Purpose
Building Details
- Year Built
- 2007
Listing agency
Marcus & Millichap - Phoenix
(602) 687-6700
Listed by
Ryan Sarbinoff · License #AZ BR675146000
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 10:58PM Checked: Jul 22 at 10:58PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
This medical office building is offered for sale and is identified at 4010 Montgomery Blvd NE in Albuquerque, New Mexico. The property is categorized as part of the medical center and healthcare property sector, along with office building and office space use.
Public remarks reference Optum, an information and technology-enabled health services business that is part of UnitedHealth Group. The remarks also describe Albuquerque as the largest and most populous city in New Mexico and a hub for sectors including science, medicine, technology, commerce, education, culture, and entertainment.
Additional property-specific improvements, layout details, and leasing information were not provided in the available materials.
Public remarks reference Optum, an information and technology-enabled health services business that is part of UnitedHealth Group. The remarks also describe Albuquerque as the largest and most populous city in New Mexico and a hub for sectors including science, medicine, technology, commerce, education, culture, and entertainment.
Additional property-specific improvements, layout details, and leasing information were not provided in the available materials.
Key Highlights
- Medical office building for sale at 4010 Montgomery Blvd NE in Albuquerque
- Built in 2007
- Medical office building
Local Financial Insights For Office B
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 | $253.2k | $21.60 |
| − Vacancy | −$45.6k | −$3.89 |
| EGI | $207.6k | $17.71 |
| − OpEx | −$51.9k | −$4.43 |
| NOI | $155.7k | $13.28 |
11,720 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.22M
$1.95M – $2.59M
NOI $155,688 @ 7.0% cap · market cap 4.20%
Second Best
Healthcare Medical
$2.14M
$1.87M – $2.50M
NOI $149,908 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,471 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Optum Primary Care
Medical Clinic
Laura Bellew, CNP
Physician
NM Community Center
Medical Clinic
Linda Humphrey, NP
Physician
Bryan Sanchez, NP
Pediatrician
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FAQs
What type of property is this?
Medical center - For sale medical office building at 4010 Montgomery Blvd NE in Albuquerque.
Where is this medical center located?
The property is located at 4010 Montgomery Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,711,000.
What are key features of this property?
This property features: Medical office building for sale at 4010 Montgomery Blvd NE in Albuquerque; Built in 2007; Medical office building
