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    4010 Montgomery Blvd Albuquerque, NM 87109

    Sponsored
    For Sale
    $4,600,000

    11,700 SF, 100% Occupied, NNN Lease

    Property size:
    11,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 4010 Montgomery Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. The 11,700 square foot single-story building sits on a 1.29-acre lot and is fully occupied by Optum Healthcare under a Net Lease (NNN) agreement. Built in 2007, the property boasts a strong 7-year remaining lease term extending to November 2030, providing a stable and predictable income stream. The lease includes annual rent increases of approximately 2.5%. The property's financial performance is robust, with a projected 2024 Gross Rent of $305,794 and a Net Operating Income (NOI) estimated at $272,004.33, resulting in an attractive 5.91% capitalization rate. The property is zoned MX-T and offers a fee simple ownership structure. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a desirable Albuquerque location with a long-term, creditworthy tenant. The property's single-tenant occupancy minimizes management complexities and provides a secure investment with significant upside potential. The asking price for this exceptional asset is $4,600,000.

    Property Features for 4010 Montgomery Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    11,700 SF
    Class
    A
    Lot Size
    56,192 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fully occupied, 11,700 SF Class A medical office building in Albuquerque, NM.
    • Net lease (NNN) with Optum Healthcare, a UnitedHealthcare subsidiary, through November 2030.
    • Strong financial performance: $305,794 projected 2024 Gross Rent; $272,004.33 estimated NOI; 5.91% cap rate.
    • List price: $4,600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Optum Primary Care Medical Clinic Laura Bellew, CNP Internist NM Community Center Medical Clinic Linda Humphrey, NP Nurse Practitioner Bryan Sanchez, NP Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.59851328147
    Latitude
    35.130881070924

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    FAQs

    What type of property is this?
    Medical office - 11,700 SF, 100% Occupied, NNN Lease
    Where is this medical office located?
    The property is located at 4010 Montgomery Blvd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: Fully occupied, 11,700 SF Class A medical office building in Albuquerque, NM.; Net lease (NNN) with Optum Healthcare, a UnitedHealthcare subsidiary, through November 2030.; Strong financial performance: $305,794 projected 2024 Gross Rent; $272,004.33 estimated NOI; 5.91% cap rate.
    Request Owner's contact information
    4010 Montgomery Blvd Albuquerque, NM 87109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4010 Montgomery Blvd Albuquerque, NM 87109
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