Medical NNN Investment
For Sale
$649,120
8006 Menaul Blvd NE, Albuquerque, NM 87110
Single-tenant medical use with a modified NNN lease structure and annual rent increases.
Property Size2,595 SF
Price / SF$250.14
Days on Market123
Property Features for 8006 Menaul Blvd NE
General Information
Standard status
Active
Size
2,595 SF
Property subtype
Investment
Zoning
MX-T
Building Details
Year Built
1981
Listing Agency:
Absolute Investment Realty
(505) 489-8538
Listed By:
Rita Cordova · License #19300
(505) 489-8538
Source:
Carnm.resimplifi
Added: May 1
Changed: Aug 29
Last Checked: Aug 29 at 7:03PM
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 Absolute Investment Realty
Investment Insights
Based on property information with market context.
This single-tenant medical property contains 2,595 SF and was built in 1981. The asset is subject to a 10-year modified NNN lease with 3% annual increases, providing a defined lease structure for an owner evaluating net-leased medical real estate. MX-T zoning is also identified for the property.
Located at 8006 Menaul Blvd NE in Albuquerque, New Mexico, the property sits along Menaul Boulevard, described as a central corridor with commercial activity and accessibility. The site is positioned within a dense trade area and forms part of a broader group of locations available across the Southwest.
Located at 8006 Menaul Blvd NE in Albuquerque, New Mexico, the property sits along Menaul Boulevard, described as a central corridor with commercial activity and accessibility. The site is positioned within a dense trade area and forms part of a broader group of locations available across the Southwest.
Key Highlights
- 2,595 SF single‑tenant medical property
- 10‑year modified NNN lease structure
- 3% annual increases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$689,440
$689.4K
Cap Rate 7%
$492,457
$492.5K
Cap Rate 9%
$383,022
$383.0K
Market Conditions
NOI Build-Up for 2,595 SF
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.
Gross rent
$56.1K $21.60/SF
− Vacancy
−$10.1K −$3.89/SF
EGI
$46.0K $17.71/SF
− OpEx
−$11.5K −$4.43/SF
NOI
$34.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$689,440
Cap Rate 7%
$492,457
Cap Rate 9%
$383,022
Alternative Uses
Best Use
Office B
$492.5K
$430.9K – $574.5K
NOI $34,472 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$474.2K
$414.9K – $553.2K
NOI $33,192 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,240
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant medical use with a modified NNN lease structure and annual rent increases.
Where is this nnn property located?
The property is located at 8006 Menaul Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $649,120.
What are key features of this property?
This property features: 2,595 SF single‑tenant medical property; 10‑year modified NNN lease structure; 3% annual increases
