Building Details

Year Built 1990

Listing Agency: Allen Sigmon Real Estate Group

Listed By: Thomas Mortensen · License #50516AB Show Phone

Source: Carnm.resimplifi

Added: May 18 Changed: Oct 22 Last Checked: Oct 24 at 1:37PM

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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 Allen Sigmon Real Estate Group

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Investment Insights

Based on property information with market context.

A ±2,324 SF turnkey medical/dental office condo is available for sale in the Northwest Albuquerque corridor. Located within West Mesa Professional Center near McMahon Blvd & Golf Course Rd, this suite offers a functional layout suitable for medical, dental, oral surgery, specialty practice, or other healthcare users. The space includes 2 consult rooms, 2 operating rooms, an X-Ray room, a reception/waiting area, a lab & sterilization area, a private office, and a breakroom. The property is situated within a professionally maintained condo association and benefits from accessibility, strong surrounding demographics, and proximity to major retailers, residential growth, and Lovelace Westside Hospital.

Key Highlights

• Turnkey medical/dental office condo, ready for immediate use.
• Highly functional ±2,324 SF layout ideal for various healthcare practices.
• Includes specialized rooms: 2 Operating Rooms, X‑Ray Room, Lab & Sterilization Area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,609

Cap Rate

5.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$552,180 $552.2K

Cap Rate 7%

$394,414 $394.4K

Cap Rate 9%

$306,767 $306.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,324 SF

Gross rent

$46.0K $19.80/SF

− Vacancy

−$9.2K −$3.96/SF

EGI

$36.8K $15.84/SF

− OpEx

−$9.2K −$3.96/SF

NOI

$27.6K $11.88/SF

Area

ZIP 87114

Vacancy

20.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$552,180

Cap Rate 7%

$394,414

Cap Rate 9%

$306,767

Alternative Uses

Best Use

Office B

$394.4K

$345.1K – $460.2K (±1% cap)

NOI $27,609 @ 7.0% cap · market cap 5.69%

Second Best

Healthcare Medical

$333.5K

$291.8K – $389.0K (±1% cap)

NOI $23,342 @ 7.0% cap · market cap 4.81%

Theoretical Best

Office A

$480.6K

$420.5K – $560.7K (±1% cap)

NOI $33,639 @ 7.0% cap · market cap 6.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

West Mesa Oral ... Dental Office Cardiac Care Consultants ... Medical Clinic Lovelace Westside Cardiology Medical Clinic Stephen H. Christiansen, ... Dental Office Katy J. Watson, ... Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

443

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 87114, NM

69,402

Population

28,038

Households

2.5

Avg Household Size

37

Median Age

39%

College-Educated

95%

High-School Grad

20.9 sq mi

ZIP Area

3,321

Density / Sq Mi

$81,768

Median Household Income

$48,127

Median Earnings

$1,321

Median Rent

$296,200

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Turnkey medical/dental office condo in Northwest Albuquerque corridor for sale.

Where is this medical office space located?

The property is located at 4801 McMahon Blvd NW Albuquerque, NM.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Turnkey medical/dental office condo, ready for immediate use.; Highly functional ±2,324 SF layout ideal for various healthcare practices.; Includes specialized rooms: **2 Operating Rooms, X‑Ray Room, Lab & Sterilization Area.**