Medical Office
For Sale
Contact for pricing
Pending
718 Lomas Boulevard NW, Albuquerque, NM 87102
Reception, private offices, treatment rooms, and built-in cabinetry shape a flexible clinical workspace.
Property Size1,773 SF
Days on Market89
Property Features for 718 Lomas Boulevard NW
General Information
Standard status
Pending
Size
1,773 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Acr
Highway Access
Yes
Additional Details
Property Use
Medical Office
Amenities
large reception/waiting area
multiple private offices
treatment/flex rooms
two restrooms
storage
built-in cabinetry
sinks
generous work surfaces
Listing Agency:
Keller Williams Realty
(505) 897-1100
Listed By:
Anne M Vallejos · License #41997
(505) 331-8306
Source:
1stclassrealtyofsantafe
Added: Aug 9
Changed: Nov 4
Last Checked: Nov 5 at 5:57AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
At 718 Lomas Boulevard NW, this approximately 1,773-square-foot medical office space has a reception and waiting area, several private offices, treatment or flex rooms, and two restrooms. Built-in cabinetry, sinks, storage, and broad work surfaces complete the interior. The layout was previously arranged for medical use and can be leased as one space or divided into smaller offices.
On-site parking includes accessible spaces. The property is positioned between Downtown Albuquerque and historic Old Town, with access to I-25 and I-40.
On-site parking includes accessible spaces. The property is positioned between Downtown Albuquerque and historic Old Town, with access to I-25 and I-40.
Key Highlights
- Approximately 1,773 SF, available as one space or divided into smaller offices
- Reception and waiting area, private offices, and treatment or flex rooms
- Two restrooms, storage, built‑in cabinetry, sinks, and work surfaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,678
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,560
$453.6K
Cap Rate 7%
$323,971
$324.0K
Cap Rate 9%
$251,978
$252.0K
Market Conditions
NOI Build-Up for 1,773 SF
Gross rent
$40.4K $22.80/SF
− Vacancy
−$2.6K −$1.48/SF
EGI
$37.8K $21.32/SF
− OpEx
−$15.1K −$8.53/SF
NOI
$22.7K $12.79/SF
Area
Albuquerque, NM
Vacancy
6.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,560
Cap Rate 7%
$323,971
Cap Rate 9%
$251,978
Alternative Uses
Best Use
Office B
$336.5K
$294.4K – $392.6K
NOI $23,553 @ 7.0% cap · market cap 147,206.25%
Second Best
Healthcare Medical
$324.0K
$283.5K – $378.0K
NOI $22,678 @ 7.0% cap · market cap 141,737.50%
Theoretical Best
Office A
$428.9K
$375.3K – $500.4K
NOI $30,025 @ 7.0% cap · market cap 187,656.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Albuquerque Veterinary Service — 410 central ave sw, albuquerque, nm 87102
- Albuquerque Veterinary: Malin Paul B DVM — Albuquerque, NM 87102
- Lomas Veterinary Clinic — 1100 Lomas Blvd NW Ste 2, Albuquerque, NM 87102
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, private offices, treatment rooms, and built-in cabinetry shape a flexible clinical workspace.
Where is this medical office space located?
The property is located at 718 Lomas Boulevard NW Albuquerque, NM.
What are key features of this property?
This property features: Approximately 1,773 SF, available as one space or divided into smaller offices; Reception and waiting area, private offices, and treatment or flex rooms; Two restrooms, storage, built‑in cabinetry, sinks, and work surfaces
