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    OFF-MARKET
    Medical Office Space

    5065 Corrales Rd, Corrales, NM 87048

    Built 1967
    Individually Owned 7-yr Hold
    Property ID
    US61-1334135
    Property summary
    AI-generated overview

    This exceptional office property, located at 5065 Corrales Rd, Corrales, NM 87048, offers multiple suites ideal for medical or executive office users. Built in 1967 and zoned A1 and C by the Village of Corrales, this Sandoval County property boasts a convenient location on Corrales' main business corridor, just seven minutes from Highway 528/Alameda Blvd. The suites are available furnished or unfurnished and feature updated interior flooring and paint. Each suite includes a sink and cabinetry. A shared reception area and break room add to the convenience and professional atmosphere. The monthly full-service lease rate ranges from $600 to $650, depending on the specific suite. This property presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located office space in a thriving community. The property is categorized as both Medical Office and Executive Office space and is suitable for multiple tenants.

    Property profile
    Verified
    Property type Medical Office Space
    Year built 1967
    UPID US61-1334135
    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
    • Designed Health Options LLC Medical Clinic
    • Joan Lewis Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Joan Lewis · 7 yrs held
    Joan Lewis
    since 2019
    2 recorded transactions
    2019
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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