Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Medical Clinic
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Physician
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Pediatrician Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Albuquerque market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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