Listing Agency: NAI SunVista - Albuquerque Show Phone

Listed By: Alexis Lovato · License #55026 Show Phone

Source: Moodyscre

Added: Nov 15, 2024 Changed: Jul 10 Last Checked: Jul 21 at 5:05AM

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Investment Insights

Based on property information with market context.

This flex/industrial space, encompassing 5358 square feet, is centrally located approximately 4 minutes from I-40 and near the main entrance of Expo New Mexico. The property features dedicated parking in the front, with shared surplus parking available behind the building. The property is located at 217-221 San Pedro Dr NE, Albuquerque, NM.

Key Highlights

• Centrally located just 4 minutes from I‑40
• Dedicated parking in front
• Shared surplus parking behind the building

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Veterinary Clinic

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

Lease Details

NNN (Triple Net)

Lease Type

$0.76 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Lease Benchmarks for Albuquerque, NM

$89.94 /SF/Yr

Avg Asking Price

$13.5–$141 /SF/Yr

Price Range

9,314 SF

Avg Space Size

This space is priced 94% below the average of $89.94 /SF/Yr.

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

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex/industrial space for rent, near I-40 and Expo New Mexico.

Where is this flex space located?

The property is located at 217-221 San Pedro Dr NE Albuquerque, NM.

What is the lease rate?

The lease rate is $2,250 /Mo.

What are key features of this property?

This property features: Centrally located just 4 minutes from I‑40; Dedicated parking in front; Shared surplus parking behind the building