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Property profile & analytics
FOR SALE
Medical Office Space
10151 Montgomery Blvd NE Albuquerque, NM 87111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US61-0226528
For Sale
1 / 17
$1,800,000
10151 Montgomery Blvd NE, Albuquerque, NM 87111
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
9,948 SF
Lot
2.21 ac (96,050 SF)
APN
1-021-061-184-029-3-01-07
UPID
US61-0226528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Catherine Tchanque-Fossuo Physician Medical Clinic
-
Dr. Steve Ollason DDS Dental Office
-
Dr. Travis Rudd Bear Canyon Oral and Facial Surgery Dental Office
-
Katie Joshi Physician
-
Ms. Marcia Starns Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$650k
Owner & transaction history
Ollason Investments LLC · 5 yrs held
Ollason Investments LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+102.6%
Office building
$955,000
+80.7%
Restaurant
$950,000
+79.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +103% · Conversion: Moderate
OFFICE BUILDING
$955,000
Change: +81% · Conversion: Easy
RESTAURANT
$950,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +77% · Conversion: Difficult
WAREHOUSE, STORAGE
$610,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,411
Tax year 2023
Assessed value
$675,566
Assessed 2023
Previous assessed
$716,995
-5.8% YoY
Effective rate
4.80%
On assessed value
Assessed land
$287,205
Assessed improvement
$388,361
Land market value
$861,700
Improvement market value
$1,165,200
Total market value
$2,026,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2001
Heating
NONE
Units
1
Total area
9,948 SF
Lot
2.21 ac (96,050 SF)
APN
1-021-061-184-029-3-01-07
UPID
US61-0226528
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$955,000
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$610,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Units
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Ollason Investments LLC
Entity
Mailing address
10151 MONTGOMERY BLVD NE STE B, ALBUQUERQUE, NM 87111-3664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
—
Ollason Investments LLC
Munoz Family LLC
Warranty Deed
$635,630 · First Citizens Bank & Trust Co
Nov 27, 2012
—
Bray Kenneth E & Lavonne E Trust
Knp LLC
Grant Deed
related
—
Jan 31, 2007
—
Abq Gem3 INC
Fdm LLC
Warranty Deed
$1,800,000 · Wells Fargo Bank NA
Jul 28, 2006
—
Fdm LLC
—
Trustees Deed
related
$1,560,000 · First Community Bank
Dec 27, 2004
—
Knp LLC
Fdm LLC
Warranty Deed
$384,000 · Compass Bank
May 20, 2004
—
Steven B Roholt
Fdm LLC
Grant Deed
$816,000 · Accessbank-jefferson Office
Apr 26, 2004
—
Jishun Hao
Fdm LLC
Grant Deed
$288,500 · First State Bank New Mexico
Oct 27, 2003
—
Fdm LLC
—
Deed Of Trust
related
$1,151,000 · First State Bank New Mexico
—
—
Fdm LLC
—
Deed Of Trust
related
$248,232 · First Community Bank
—
—
Fdm LLC
—
Deed Of Trust
related
$791,767 · First Community Bank
—
—
Jishun Hao
—
Deed Of Trust
related
$245,000 · Ironstone Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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