Property profile

8080 Academy NE Rd Albuquerque, NM 87111

OFF-MARKET
Medical Office Space
Property ID
US61-1215324
13,247 SF 1.37 ac lot Built 1996
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story medical office building, located at 8080 Academy Rd NE in Albuquerque, New Mexico, presents a unique investment opportunity. Situated in the Far Northeast Heights submarket of Bernalillo County, this property boasts a prime location at the intersection of Academy and Moon NE, surrounded by a strong mix of retail businesses, including pharmacies. The 2009 renovation resulted in a highly functional layout featuring modern exam rooms and physician offices, ideal for medical practices. The building comprises approximately [Size not provided] square feet and features 66 total parking spaces, ensuring ample convenience for patients and staff. Currently housing three medical tenants, including Albuquerque Associated Podiatrists and Pain Solutions: Spine and Head Clinic, the building offers separate entrances for each tenant, enhancing privacy and efficiency. Shared common area waiting room space promotes a collaborative environment. The building is equipped with Century Link fiber and Xfinity, providing reliable high-speed internet access. Excellent visibility is ensured by monument and building signage. The property is zoned MX-T and is a single building, one-story structure. This is an exceptional opportunity to acquire a well-maintained, strategically located medical office building in a thriving Albuquerque neighborhood.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Total area 13,247 SF
Lot 1.37 ac (59,808 SF)
APN 1-020-062-082-105-3-01-21
UPID US61-1215324

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

8080 Academy NE Rd Albuquerque, NM 87111-1111
Albuquerque metro Census 3717 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$999k
Blend (final) Blend
$560k

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2024
Price N/A
2017
Price N/A
2009
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.3M +80.7%
Restaurant $1.3M +79.3%
Auto repair, garage $1.2M +76.8%

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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