Leased Medical Office
4010 Montgomery Blvd NE Albuquerque, NM 87109
For Sale
Contact for pricing
Medical office space is leased to Optum Healthcare with 5 years remaining and annual rental increases plus renewal options.
Property Size11,720 SF
Price / SF$316.64
Days on Market192
Property Features for 4010 Montgomery Blvd NE
General Information
- Standard status
- Active
- Size
- 11,720 SF
- Property subtype
- RETAIL
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6750
Listed By:
Mark Ruble · License #SA550593000
(602) 770-2935
Source:
Moodyscre
Added: Jan 16
Changed: Jul 26
Last Checked: Jul 26 at 4:59AM
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 leased medical office building is supported by a lease with Optum Healthcare, with approximately 5 years remaining on the current term. The lease structure includes annual rental increases and multiple renewal options, providing continuity for the next stage of ownership.
The property is located at 4010 Montgomery Blvd NE in Albuquerque, New Mexico, within a densely populated Albuquerque trade area. The area is described as having 284,771 residents within a 5-mile radius.
The offering is presented as a commercial real estate for-sale transaction, with an overall building size of 11,720 square feet.
The property is located at 4010 Montgomery Blvd NE in Albuquerque, New Mexico, within a densely populated Albuquerque trade area. The area is described as having 284,771 residents within a 5-mile radius.
The offering is presented as a commercial real estate for-sale transaction, with an overall building size of 11,720 square feet.
Key Highlights
- Medical office space leased to Optum Healthcare with 5 years remaining on the lease term
- Lease includes annual rental increases and multiple renewal options
- Optum is part of UnitedHealth Group (NYSE: UNH)
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
Similar Off Market Nearby
- Veterinary Emergency & Specialty Center of Albuquerque — 4000 Montgomery Blvd NE, Albuquerque, NM 87109
- Express Vet NM — 3924 Carlisle Blvd NE, Albuquerque, NM 87107
- Valle Verde Animal Hospital — 4325 Carlisle Blvd NE, Albuquerque, NM 87107
- Veterinary Dentistry & Oral Surgery of New Mexico — 4000 montgomery blvd ne, albuquerque, nm 87109
- Johnson Maurice DVM — 5201 Ponderosa Ave NE, Albuquerque, NM 87110, United States
FAQs
What type of property is this?
Medical Office Space - Medical office space is leased to Optum Healthcare with 5 years remaining and annual rental increases plus renewal options.
Where is this medical office space 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 space leased to Optum Healthcare with 5 years remaining on the lease term; Lease includes annual rental increases and multiple renewal options; Optum is part of UnitedHealth Group (NYSE: UNH)
