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Property profile & analytics
FOR LEASE
Medical Office Space
6701 Jefferson St NE Albuquerque, NM 87109
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US61-1241872
For Lease
1 / 2
$2,090,000
6701 Jefferson St NE, Albuquerque, NM 87109
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
74,122 SF
Lot
4.39 ac (191,011 SF)
APN
1-017-062-290-455-1-01-08
UPID
US61-1241872
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
-
Lovelace Medical Group Medical Group
-
Dr. Jeffrey D Morehouse, MD Physician Medical Clinic
-
Richard Roche, MD Physician
-
Nina Allen, NP Pediatrician Physician
-
Aaron Geswaldo, DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Mmac 150 Albuquerque Nm LLC · 5 yrs held
Mmac 150 Albuquerque Nm LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.3M
+16.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,825,000
Current use
WAREHOUSE, STORAGE
$3,295,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$175,548
Tax year 2023
Assessed value
$3,659,077
Assessed 2023
Previous assessed
$3,326,434
+10.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$593,794
Assessed improvement
$3,065,283
Land market value
$1,781,560
Improvement market value
$9,196,770
Total market value
$10,978,330
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2017
Heating
NONE
Total area
74,122 SF
Lot
4.39 ac (191,011 SF)
APN
1-017-062-290-455-1-01-08
UPID
US61-1241872
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$3.3M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Lot
4.39 ac
Current owner
From public records · entity-resolved
Mmac 150 Albuquerque Nm LLC
Entity
Mailing address
PO BOX 92129, GRAPEVINE, TX 76092-0102
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
—
Mmac 150 Albuquerque Nm LLC
—
Deed
related
$44,260,000 · First Citizens Bank & Trust Co
Dec 3, 2020
—
Mmac 150 Albuquerque Nm LLC
Nm Mob Independence Square LLC
Special Warranty Deed
$13,900,000 · Cit Bank NA
Mar 4, 2016
—
Argus Jefferson Partners LLC
—
Grant Deed
related
$10,000,000 · Bank Of Albuquerque
Jun 28, 2013
—
Argus Jefferson Partners LLC
Centurion Jefferson LLC
Warranty Deed
related
—
Mar 23, 2007
—
Centurion Jefferson LLC
—
Grant Deed
related
$3,600,000 · Compass Fed'l S&l
Mar 1, 2007
—
Centurion Jefferson LLC
—
Trustees Deed
related
$2,000,000 · Centrum Fin'l Svcs
Feb 12, 2007
—
Podeyn,mark
Podeyn,lonna
Quit Claim Deed
$3,800,000 · Centrum Fin'l Svcs
—
—
Centurion Jefferson LLC
—
Deed Of Trust
related
$1,000,000 · Avatar Capital Finance LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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