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Property profile & analytics
FOR SALE
Medical Office Space

4010 Montgomery Blvd NE Albuquerque, NM 87109

11,604 SF 1.29 ac lot Built 2007
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US61-0180162
Property summary
AI-generated overview

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 profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Total area 11,604 SF
Lot 1.29 ac (56,323 SF)
APN 1-017-060-180-509-2-15-21
UPID US61-0180162
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
  • Optum Primary Care Medical Clinic
  • Laura Bellew, CNP Physician
  • NM Community Center Medical Clinic
  • Linda Humphrey, NP Physician
  • Bryan Sanchez, NP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Alison Stofer Benton · 3 yrs held
Alison Stofer Benton
since 2023
7 recorded transactions
2023
Price N/A
2018
Price N/A
2017
Price N/A
2006
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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