Building Details

Year Built 1984

Buildings 1

Listing Agency: New Vision Real Estate Group LLC

Listed By: Corinna Yonemoto · License #REC-2023-0714 Show Phone

Source: Crexi

Added: Aug 10 Changed: Oct 3 Last Checked: Oct 12 at 8:11PM

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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.

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 / Yr

$20,007

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $20,007 @ 7.0% cap · market cap 5.56%

Second Best

Warehouse

$220.3K

$192.8K – $257.0K (±1% cap)

NOI $15,422 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$544.3K

$476.3K – $635.0K (±1% cap)

NOI $38,102 @ 7.0% cap · market cap 10.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dcg Sign Department Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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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