Medical Office
For Sale
Contact for pricing
7000 Prospect Pl NE, Albuquerque, NM 87110
Medical office building with secured access, interior courtyard, and full kitchen/breakroom amenities.
Property Size8,256 SF
Price / SF$181.08
Days on Market431
Property Features for 7000 Prospect Pl NE
General Information
Standard status
Active
Size
8,256 SF
Property subtype
OFFICE
Amenities
full kitchen/breakroom
interior courtyard with mature landscaping
secured building access
monument signage
Listing Agency:
CBRE | Albuquerque
(505) 681-2052
Listed By:
Marguerite Haverly
(505) 681-2052
Source:
Moodyscre
Added: May 26, 2025
Changed: Jul 26
Last Checked: Jul 26 at 10:22PM
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 CBRE | Albuquerque
Investment Insights
Based on property information with market context.
Medical office building currently occupied by Proud Moments ABA under a lease that commenced 7/1/24 with an 88-month term. The space is delivered with a modified gross lease structure and includes building amenities such as a full kitchen/breakroom and an interior courtyard with mature landscaping. The property also features secured building access.
The building offers monument signage and a 5/1,000 parking ratio. Nearby Uptown amenities include hotels, dining, shopping, fitness, and entertainment.
The asset is presented for sale with the tenant in place (please do not disturb).
The building offers monument signage and a 5/1,000 parking ratio. Nearby Uptown amenities include hotels, dining, shopping, fitness, and entertainment.
The asset is presented for sale with the tenant in place (please do not disturb).
Key Highlights
- Tenant: Proud Moments ABA with lease commencement 7/1/24 for an 88‑month term
- Lease rent of $10,664/month with a modified gross lease structure
- Secured building access and monument signage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.3k | $21.60 |
| − Vacancy | −$32.1k | −$3.89 |
| EGI | $146.2k | $17.71 |
| − OpEx | −$36.6k | −$4.43 |
| NOI | $109.7k | $13.28 |
8,256 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,673 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,601 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,810 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,623
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Medical office building with secured access, interior courtyard, and full kitchen/breakroom amenities.
Where is this office building located?
The property is located at 7000 Prospect Pl NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Tenant: Proud Moments ABA with lease commencement 7/1/24 for an 88‑month term; Lease rent of $10,664/month with a modified gross lease structure; Secured building access and monument signage
