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5065 Corrales Rd Corrales, NM 87048

OFF-MARKET Office Spaces Google Maps
Built 1967
Individually Owned 7-yr Hold
Estimated value
No estimation on file for this property yet.
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 Office Spaces
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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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