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Investment Highlights

  • Currently Demised into Medical Office (East side) and Administrative Office (West side)
  • High Quality Security Fence Completely Enclosing Property with Auto Opening Gate
  • Previous Tenant was Prosthetics and Orthotics Provider
  • Recently Renovated with TPO Roof, HVAC, and Upgraded Electrical
  • Existing Access Control on Entry Doors
  • Multiple Exam Rooms and Workshop Area

Executive Summary

124 Alvarado is a 6,158 SF freestanding medical building located
in the SE Heights submarket of Albuquerque. The property can
be easily demised for two tenants. The previous tenant, Active
Life Prosthetics & Orthotics, occupied the entire building and
used the west side for call center and administration functions.
The east side was used for patient consultations, waiting room,
and a workshop to fabricate and adjust prosthetic devices. The
building has refrigerated air, features a well-maintained TPO
roof, upgraded electrical and fiber internet. Also featured is a
high-quality metal fence completely enclosing the property
with a convenient auto opening gate.
The tenant is responsible for utilities, grounds maintenance, and
HVAC maintenance. Landlord bills back for property taxes and
insurance

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,158 SF
Building Class
B
Year Built
1986
Price
$1,690,188 CAD
Price Per SF
$274.47 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,158 SF
Building FAR
0.24
Lot Size
0.59 AC
Zoning
MX-M - Moderate Intensity Zone
Parking
28 Spaces (4.55 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste A
  • 3,005 SF
  • Office/Medical
  • Partial Build-Out
  • Now
  • 1st Fl-Ste B
  • 3,153 SF
  • Office/Medical
  • Partial Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste A 3,005 SF Office/Medical Partial Build-Out Now
1st Fl-Ste B 3,153 SF Office/Medical Partial Build-Out Now

1st Fl-Ste A

Size
3,005 SF
Space Use
Office/Medical
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste B

Size
3,153 SF
Space Use
Office/Medical
Build-Out
Partial Build-Out
Available
Now
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
1-018-057-148128-3-19-04
Land Assessment
$52,672 CAD
Improvements Assessment
$99,430 CAD
Total Assessment
$152,102 CAD
  • Listing ID: 41411812

  • Date on Market: 2026-07-23

  • Last Updated:

  • Address: 124 Alvarado Dr SE, Albuquerque, NM 87108

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