Fenced Flex Space With Auto
For Sale
$600,000
800 Commercial Street SE, Albuquerque, NM 87102
CommercialSale, Albuquerque, NM
Property Size4,057 SF
Lot Size0.85 Acres
Price / SF$147.89
Days on Market122
Property Features for 800 Commercial Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-L*
Parking
6
Fencing
Fenced
Directions
Broadway south from Central to Cromwell, west to Commercial St.
Subdivision
80 - Downtown Area
Standard status
Active
APN
101405727608441514
Lot size
0.85 Acres
Taxes and HOA fees
Tax Annual Amount
4730
Utilities
Cooling system
Window Unit(s)
Amenities
dedicated office space
large shaded patio
Expansive yard
Building Details
Floors in Building
1
Listing Agency:
Simply Real Estate
(505) 308-3800
Listed By:
Jonathan Nunez · License #REC20220574
(505) 795-1235
Added: May 12
Changed: Sep 6
Last Checked: Sep 10 at 12:06PM
MLS# 1104452
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 800 Commercial Street SE in Albuquerque, this flex-space property is currently configured for automotive repair. The improvements include a shop with four 10-foot bays, dedicated office space, and a large shaded patio. Window-unit cooling is installed, and the property is enclosed with fencing.
The site encompasses 0.85 acres and includes a sizable yard surrounding the building. MX-L zoning provides the stated land-use designation for the property. Its existing automotive configuration, office component, outdoor area, and fenced site are combined within a commercial property in Albuquerque’s 87102 ZIP code.
The site encompasses 0.85 acres and includes a sizable yard surrounding the building. MX-L zoning provides the stated land-use designation for the property. Its existing automotive configuration, office component, outdoor area, and fenced site are combined within a commercial property in Albuquerque’s 87102 ZIP code.
Key Highlights
- 0.85‑acre flex‑space property in Albuquerque
- Automotive repair configuration with a 4‑10ft bay shop
- Dedicated office space included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,075
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,500
$721.5K
Cap Rate 7%
$515,357
$515.4K
Cap Rate 9%
$400,833
$400.8K
Market Conditions
NOI Build-Up for 4,057 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.4K $14.40/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$55.5K $13.68/SF
− OpEx
−$19.4K −$4.79/SF
NOI
$36.1K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,500
Cap Rate 7%
$515,357
Cap Rate 9%
$400,833
Alternative Uses
Best Use
Retail
$833.1K
$729.0K – $972.0K
NOI $58,317 @ 7.0% cap · market cap 9.72%
Second Best
Flex RnD
$515.4K
$450.9K – $601.3K
NOI $36,075 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,703 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - MX-L-zoned property with an automotive repair shop, office space, shaded patio, and fenced yard.
Where is this flex space located?
The property is located at 800 Commercial Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 0.85‑acre flex‑space property in Albuquerque; Automotive repair configuration with a 4‑10ft bay shop; Dedicated office space included
