Turnkey Medical/Dental Office
For Sale
Contact for pricing
4801 McMahon Boulevard Northwest, Albuquerque, NM 87114
Turnkey medical/dental office condo in Northwest Albuquerque corridor for sale.
Property Size2,324 SF
Price / SF$208.69
Days on Market104
Property Features for 4801 McMahon Boulevard Northwest
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Mixed Use
Building Details
Year Built
1990
Units
91
Listing Agency:
Allen Sigmon Real Estate Group
(505) 884-4699
Listed By:
Thomas Mortensen · License #NM 50516 AB
Source:
Crexi
Added: May 18
Changed: Aug 14
Last Checked: Aug 28 at 4:44PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$552,180
$552.2K
Cap Rate 7%
$394,414
$394.4K
Cap Rate 9%
$306,767
$306.8K
Market Conditions
NOI Build-Up for 2,324 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $27,609 @ 7.0% cap · market cap 5.69%
Second Best
Healthcare Medical
$333.5K
$291.8K – $389.0K
NOI $23,342 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,639 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Boulevard Northwest 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.**
