4010 Montgomery Blvd Albuquerque, NM 87109
Property profile & analytics
4010 Montgomery Blvd, Albuquerque, NM 87109
- Medical Office Space
- 11,604 SF
- 1.29 lot acres
Property ID
US61-0180162
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Optum Primary Care / Medical Clinic
- Laura Bellew, CNP / Physician
- NM Community Center / Medical Clinic
- Linda Humphrey, NP / Physician
- Bryan Sanchez, NP / Pediatrician / Physician
Property Details for 4010 Montgomery Blvd
- Year built
- 2007
- Lot size
- 1.29 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1-017-060-180-509-2-15-21
- APU
- 101706018050921521
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.598
- Latitude
- 35.1305
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,808
$135,836
$297,887
$433,723
-
$407,550
$893,750
$1,301,300
