Medical Office Building Near
For Sale
$750,000
630 Manzano St NE, Albuquerque, NM 87110
3,355 SF medical office building for sale.
Property Size3,355 SF
Price / SF$223.55
Days on Market170
Property Features for 630 Manzano St NE
General Information
Standard status
Active
Size
3,355 SF
Total Parking Spaces
14
Property subtype
Office
Zoning
MX-M
Site & Location
Neighborhood
Pan
Amenities
14 Parking Spaces
Building Details
Year Built
1983
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Ed Anlian · License #14869
(505) 831-3333
Source:
Carnm.resimplifi
Added: May 14
Changed: Oct 25
Last Checked: Oct 28 at 4:51AM
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 Johnson Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 3,355 square foot medical office building is available for sale near the University of New Mexico and Nob Hill. The property is suitable for medical office use.
Key Highlights
- 3,355± SF Medical Office Building for sale
- Medical Office Building
- Year Built: 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,568
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,360
$891.4K
Cap Rate 7%
$636,686
$636.7K
Cap Rate 9%
$495,200
$495.2K
Market Conditions
NOI Build-Up for 3,355 SF
Gross rent
$72.5K $21.60/SF
− Vacancy
−$13.0K −$3.89/SF
EGI
$59.4K $17.71/SF
− OpEx
−$14.9K −$4.43/SF
NOI
$44.6K $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%
$891,360
Cap Rate 7%
$636,686
Cap Rate 9%
$495,200
Alternative Uses
Best Use
Office B
$636.7K
$557.1K – $742.8K
NOI $44,568 @ 7.0% cap · market cap 5.94%
Second Best
Healthcare Medical
$613.0K
$536.4K – $715.2K
NOI $42,913 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$811.6K
$710.2K – $946.9K
NOI $56,815 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,355 SF medical office building for sale.
Where is this medical office space located?
The property is located at 630 Manzano St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,355± SF Medical Office Building for sale; Medical Office Building; Year Built: 1983
