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    Property profile & analytics

    715 Dr Martin Luther King Jr NE Ave Albuquerque, NM 87102-3661

    • Medical offices
    • 64,684 SF
    OFF-MARKET
    Value Estimation
    $845,000
    Location Intelligence
    Property ID
    US61-0293107
    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

    • Hematology Oncology Associates / Doctor / Medical Clinic
    • Hanger Clinic: Prosthetics & Orthotics / Medical Clinic / Orthotics & Prosthetics Service
    • Dr. Malcolm H. Purdy, MD / Doctor
    • Timothy Perez, MD / Gastrointestinal Surgeon
    • Dr. Claudia J. Anison, MD / Internist

    Property Details for 715 Dr Martin Luther King Jr NE Ave

    Year built
    1930
    Property size
    64,684 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1-015-057-045-471-2-39-20-B1
    APU
    101505704547123920B1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $950,000
      6.5%
      $1,010,000
      7%
      $960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $845,000
      Geo Method
      $1,040,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $970,000
      Retail
      $855,000
      Mixed-Use
      $890,000
      Hospitality
      $1,035,000
      Educational
      $850,000
      Residential Income
      $980,000
      Energy
      $825,000
      Income-Based Land
      $1,040,000
      Food Service
      $860,000

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.638
    Latitude
    35.0879
    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
    $76,848
    $0.00
    $1,601,806
    $1,601,806
    -
    $0.00
    $4,805,900
    $4,805,900

    Comparable in this City

    • Value Estimation
      $720,000
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      MEDICAL BUILDING • 26,494 SF
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      View Details
    • Value Estimation
      $400,000
      6,356 SF

      522 Lomas NE Blvd

      MEDICAL BUILDING • 6,356 SF
      522 Lomas NE Blvd, Albuquerque, NM 87102-2454
      View Details
    • Value Estimation
      $385,000
      7,219 SF

      1101 Medical Arts NE Ave

      MEDICAL BUILDING • 7,219 SF
      1101 Medical Arts NE Ave, Albuquerque, NM 87102-2706
      View Details
    • Value Estimation
      $325,000
      0.71 Acres

      522 Lomas NE Blvd

      MEDICAL BUILDING • 0.71 Acres
      522 Lomas NE Blvd, Albuquerque, NM 87102-2454
      View Details
    • Value Estimation by Request
      1.75 Acres

      1609 University NE Blvd

      MEDICAL BUILDING • 1.75 Acres
      1609 University NE Blvd, Albuquerque, NM 87102-1710
      View Details
    • Value Estimation by Request
      12,574 SF

      217 Locust NE St

      MEDICAL BUILDING • 12,574 SF
      217 Locust NE St, Albuquerque, NM 87102-3633
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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      Chic co-working space with 24-hour access and free utilities.
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      View Details
    • $3,900 /Mo
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      Downtown Albuquerque Office Space Available

      Office space with unobstructed views and upgraded infrastructure for lease.
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      View Details
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    Albuquerque, NM 87102-3661
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    Realmo Value Estimation

    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.

    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.

    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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