Office
For Sale
$379,000
7520 Montgomery Blvd NE, Albuquerque, NM 87110
For sale office building offering 6,862 SF, with a recorded status update dated 05/31/2024.
Property Size1,645 SF
Price / SF$230.40
Days on Market200
Property Features for 7520 Montgomery Blvd NE
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Office
Zoning
MX-L
Site & Location
Neighborhood
Ssk
Building Details
Tenancy
Single Tenant
Listing Agency:
NAI SunVista
Listed By:
Clay Azar
(505) 480-9777
Source:
Carnm.resimplifi
Added: Apr 14
Changed: Oct 26
Last Checked: Oct 28 at 4:41AM
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 NAI SunVista
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Investment Insights
Based on property information with market context.
This for-sale office building totals 6,862 SF, providing a dedicated commercial footprint for professional office use. Public remarks also reference a status update dated 05/31/2024.
The property is located at 7520 MONTGOMERY BLVD NE in Albuquerque, NM. Prospective buyers and tenants can review the space layout and condition directly as part of their due diligence.
Additional published details beyond the overall size and the referenced date are not provided in the information available here.
The property is located at 7520 MONTGOMERY BLVD NE in Albuquerque, NM. Prospective buyers and tenants can review the space layout and condition directly as part of their due diligence.
Additional published details beyond the overall size and the referenced date are not provided in the information available here.
Key Highlights
- Office building built in 1982
- 6,862 SF office space for sale
- Recorded status update dated 05/31/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,852
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,040
$437.0K
Cap Rate 7%
$312,171
$312.2K
Cap Rate 9%
$242,800
$242.8K
Market Conditions
NOI Build-Up for 1,645 SF
Gross rent
$35.5K $21.60/SF
− Vacancy
−$6.4K −$3.89/SF
EGI
$29.1K $17.71/SF
− OpEx
−$7.3K −$4.43/SF
NOI
$21.9K $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%
$437,040
Cap Rate 7%
$312,171
Cap Rate 9%
$242,800
Alternative Uses
Best Use
Office B
$312.2K
$273.2K – $364.2K
NOI $21,852 @ 7.0% cap · market cap 5.77%
Second Best
Healthcare Medical
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
961
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - For sale office building offering 6,862 SF, with a recorded status update dated 05/31/2024.
Where is this office building located?
The property is located at 7520 Montgomery Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Office building built in 1982; 6,862 SF office space for sale; Recorded status update dated 05/31/2024
