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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6800 Montgomery Blvd NE Albuquerque, NM 87109

    • Medical offices
    • 6,696 SF
    • 2.52 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0128484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. John C. Mitchell, DDS / Oral Surgeon
    • Dr. Sarah L. Kassam, DDS / Dentist
    • Montgomery Medical Park / Medical Center
    • The Kid's Dentist / Dentist / Pediatric Dentist
    • River West Orthodontics / Orthodontist

    Property Details for 6800 Montgomery Blvd NE

    Year built
    1975
    Lot size
    2.52 lot acres
    Property size
    6,696 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1-018-060-432-499-1-09-02
    APU
    101806043249910902

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.572
    Latitude
    35.1302
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,528
    $252,315
    $386,911
    $639,226
    -
    $757,020
    $1,160,848
    $1,917,868

    Comparable in this City

    • Value Estimation
      $1,480,000
      46,073 SF

      7801 Jefferson NE St

      MEDICAL BUILDING • 46,073 SF
      7801 Jefferson NE St, Albuquerque, NM 87109-4351
      View Details
    • Value Estimation by Request
      12,465 SF

      6830 Montgomery NE Blvd

      MEDICAL BUILDING • 12,465 SF
      6830 Montgomery NE Blvd, Albuquerque, NM 87109-1456
      View Details
    • Value Estimation by Request
      8,415 SF

      4630 Jefferson NE Ln

      MEDICAL BUILDING • 8,415 SF
      4630 Jefferson NE Ln, Albuquerque, NM 87109-2117
      View Details
    • Value Estimation by Request
      3,527 SF

      4620 Jefferson NE Ln

      MEDICAL BUILDING • 3,527 SF
      4620 Jefferson NE Ln, Albuquerque, NM 87109-2120
      View Details
    • Value Estimation by Request
      7,241 SF

      5910 Cubero NE Dr

      MEDICAL BUILDING • 7,241 SF
      5910 Cubero NE Dr, Albuquerque, NM 87109-3842
      View Details
    • Value Estimation by Request
      11,235 SF

      3811 Cmns NE Ave

      MEDICAL BUILDING • 11,235 SF
      3811 Cmns NE Ave, Albuquerque, NM 87109-5832
      View Details

    Similar Nearby for Sale

    • $2,700,000
      10,453 SF

      Albuquerque Office Complex

      Class A Office, 10,453 SF, 3 Units
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    • $4,600,000
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      Albuquerque Medical Office Building

      11,700 SF, 100% Occupied, NNN Lease
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    • $4,075,000
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      Albuquerque Office Building For Sale

      11,700 SF office building with long-term tenant.
      4010 Montgomery Blvd NE, Albuquerque, NM 87109
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    • $2,778,000
      12,078 SF

      Albuquerque Class-A Office Building

      12,078 SF Creative Office, Vacant
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    • $8,275,000
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      Albuquerque Office Building For Sale

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    • $730,000
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      Albuquerque Office Building For Sale

      Office building featuring newer HVAC, warrantied roof, and security monitoring.
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    Similar Nearby for Lease

    • $14 SF/Yr
      8,961 SF

      Prime North I-25 Office Space

      Flexible Suites, Excellent Location
      5601 Office Blvd, Albuquerque, NM 87109
      View Details
    • $25 SF/Yr
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      Wyoming Blvd NE Medical Office Space

      Prime Medical/Office Space, 5,142 SF Available
      7910 Wyoming Blvd, Albuquerque, NM 87109
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    • Contact for pricing
      9,000 SF

      Retail Pads Fronting Jefferson

      Retail space available in mixed-use project near medical offices.
      6701 Jefferson St NE, Albuquerque, NM 87109
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    • $1,900 /Mo
      1,483 SF

      Medical Office Space Available

      Move-in ready medical office space with exclusive patio.
      7520 Montgomery Blvd NE, Albuquerque, NM 87109
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    • $21 SF/Yr
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      Office and Warehouse Space Available

      North I-25 corridor property with high-end finishes and freeway access.
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      View Details
    • Contact for pricing
      1,353 SF

      Office Space with Montgomery Frontage

      Office space featuring prominent frontage and excellent parking.
      6800 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details
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    Albuquerque, NM 87109
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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