Insulated Manufacturing
For Sale
Contact for pricing
105 Veranda Rd NW, Albuquerque, NM 87107
Light Manufacturing-zoned facility with secured outdoor area and vehicle-friendly loading access.
Property Size2,250 SF
Price / SF$160
Days on Market21
Property Features for 105 Veranda Rd NW
General Information
Standard status
Active
Size
2,250 SF
Class
C
Property subtype
Industrial
Zoning
Light Manufacturing
Building Details
Year Built
1984
Buildings
1
Listing Agency:
New Vision Real Estate Group LLC
(505) 615-6859
Listed By:
Corinna Yonemoto · License #REC-2023-0714
Source:
Crexi
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 8:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Vision Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 2,250-square-foot industrial building was constructed in 1984 and features full insulation suited to manufacturing and warehouse operations. The property includes two 12-foot grade-level roll-up doors arranged for pull-through vehicle access, along with a fully fenced yard and on-site parking.
Located on Veranda Road NW off 2nd Street, the property offers access near I-40. Light Manufacturing zoning supports the stated industrial use profile and provides a clear framework for evaluating the building for production, storage, or related operations.
Located on Veranda Road NW off 2nd Street, the property offers access near I-40. Light Manufacturing zoning supports the stated industrial use profile and provides a clear framework for evaluating the building for production, storage, or related operations.
Key Highlights
- 2,250 SF industrial building constructed in 1984
- Light Manufacturing zoning
- Fully insulated building for manufacturing and warehouse operations
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
$20,007
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
5.56%
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%
$400,140
$400.1K
Cap Rate 7%
$285,814
$285.8K
Cap Rate 9%
$222,300
$222.3K
Market Conditions
NOI Build-Up for 2,250 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
$32.4K $14.40/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.8K $13.68/SF
− OpEx
−$10.8K −$4.79/SF
NOI
$20.0K $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%
$400,140
Cap Rate 7%
$285,814
Cap Rate 9%
$222,300
Alternative Uses
Best Use
Flex RnD
$285.8K
$250.1K – $333.5K
NOI $20,007 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$220.3K
$192.8K – $257.0K
NOI $15,422 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Light Manufacturing-zoned facility with secured outdoor area and vehicle-friendly loading access.
Where is this manufacturing property located?
The property is located at 105 Veranda Rd NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,250 SF industrial building constructed in 1984; Light Manufacturing zoning; Fully insulated building for manufacturing and warehouse operations
