Single-Tenant Medical
For Sale
$1,250,000
5505 Central Ave NE, Albuquerque, NM 87108
Medical office space is leased to one healthcare operator under a triple-net structure with five years remaining.
Property Size5,256 SF
Price / SF$237.82
Days on Market55
Property Features for 5505 Central Ave NE
General Information
Standard status
Active
Size
5,256 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Additional Details
Cap Rate
8.75%
Amenities
Dental Industry Expenditure Exceeds $174 Billion Nationally
Single-Tenant Net- Lease Offering with Minimal Landlord Obligations
Five Years Remaining on the Current Lease Term
Building Details
Building Size
5,256 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Cleveland
Listed By:
Kobe Gaskin · License #License(s): OH: SAL.2025003139
(216) 264-2032
Source:
Marcusmillichap
Added: Aug 22
Changed: Oct 1
Last Checked: Oct 14 at 7:45PM
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 - Cleveland
Investment Insights
Based on property information with market context.
Located at 5505 Central Avenue NE in Albuquerque, New Mexico, this 5,256-square-foot medical office property is occupied by a single dental-sector healthcare operator. The asset is subject to a triple-net lease, with the tenant responsible for property expenses and five years remaining on the current term.
The single-tenant configuration and net-lease structure create a straightforward ownership profile for investors seeking a medical office asset with limited landlord obligations. The property is classified as medical office space and is offered for sale.
The single-tenant configuration and net-lease structure create a straightforward ownership profile for investors seeking a medical office asset with limited landlord obligations. The property is classified as medical office space and is offered for sale.
Key Highlights
- 5,256‑square‑foot medical office property
- Single‑tenant occupancy by a dental‑sector healthcare operator
- Triple‑net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,821
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,420
$1.4M
Cap Rate 7%
$997,443
$997.4K
Cap Rate 9%
$775,789
$775.8K
Market Conditions
NOI Build-Up for 5,256 SF
Gross rent
$113.5K $21.60/SF
− Vacancy
−$20.4K −$3.89/SF
EGI
$93.1K $17.71/SF
− OpEx
−$23.3K −$4.43/SF
NOI
$69.8K $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%
$1,396,420
Cap Rate 7%
$997,443
Cap Rate 9%
$775,789
Alternative Uses
Best Use
Office B
$997.4K
$872.8K – $1.16M
NOI $69,821 @ 7.0% cap · market cap 5.59%
Second Best
Healthcare Medical
$960.4K
$840.4K – $1.12M
NOI $67,228 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,007 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,595
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space is leased to one healthcare operator under a triple-net structure with five years remaining.
Where is this medical office space located?
The property is located at 5505 Central Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,256‑square‑foot medical office property; Single‑tenant occupancy by a dental‑sector healthcare operator; Triple‑net lease structure
