Leased Medical Office
For Sale
Contact for pricing
4010 Montgomery Blvd NE, Albuquerque, NM 87109
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 Market270
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) 687-6700
Listed By:
Ryan Sarbinoff · License #(S):AZ:BR675146000
(602) 687-6750
Source:
Moodyscre
Added: Jan 16
Changed: Oct 3
Last Checked: Oct 12 at 9:58PM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$155,688
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,113,760
$3.1M
Cap Rate 7%
$2,224,114
$2.2M
Cap Rate 9%
$1,729,867
$1.7M
Market Conditions
NOI Build-Up for 11,720 SF
Gross rent
$253.2K $21.60/SF
− Vacancy
−$45.6K −$3.89/SF
EGI
$207.6K $17.71/SF
− OpEx
−$51.9K −$4.43/SF
NOI
$155.7K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,113,760
Cap Rate 7%
$2,224,114
Cap Rate 9%
$1,729,867
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Express Vet NM — 3924 Carlisle Blvd NE, Albuquerque, NM 87107
- Johnson Maurice DVM — 5201 Ponderosa Ave NE, Albuquerque, NM 87110, United States
- 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
- Veterinary Emergency & Specialty Center of Albuquerque — 4000 Montgomery Blvd NE, Albuquerque, NM 87109
Frequently Asked Questions
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)
