Functional Albuquerque Flex
125 Manzano St NE, Albuquerque, NM 87108
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Call to check price and availability
High-quality industrial/flex asset in a desirable Albuquerque location.
Type:Industrial
Property size:
2,384 SFPrice / SF:
$166/SF- Added:
- May 23, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 8:19 am
Property Features for 125 Manzano St NE
General Information
- Standard status
- Active
- Size
- 2,384 SF
- Property subtype
- Industrial
Listing agent Martin Richardson License #20240120
Listing office Resolut RE Albuquerque (505) 259-9989
Listing date May 23, 2026
Source Crexi
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 Resolut RE Albuquerque
HighLights
- Functional office space, multiple garage bays, workshop areas, and secure yard offer versatile owner‑user or investment applications.
- Located in a desirable infill submarket with immediate access to major thoroughfares (Central Avenue, San Mateo Blvd) providing strong connectivity.
- Priced at $396,000, representing compelling value relative to replacement cost and current market pricing.
- Well‑maintained, turnkey layout suitable for contractors, service users, automotive operators, or live/work configurations.
- High‑demand infill trade area with a mix of retail, residential, and light industrial uses, plus proximity to national retailers and daily‑needs amenities.
- Strong demographic density with over 248,000 people within a 5‑mile radius.
Overview
The property at 125 Manzano St NE offers a ±2,384 SF industrial/flex space in Albuquerque's University submarket, near Nob Hill. Configured with functional office space, multiple garage bays, workshop areas, and a secure yard, the property suits owner-users or investors. Originally an auto-related facility, the property is well-maintained and suitable for contractors, service users, automotive operators, or live/work configurations. Two garage spaces, dedicated work areas, and a fenced yard provide operational flexibility. The property is located on the edge of Nob Hill, with access to Central Avenue, San Mateo Blvd, and east-west corridors. The surrounding area features retail, residential, and light industrial uses, with national retailers and amenities nearby. The location supports business visibility and workforce accessibility, while the property's street allows for practical operations. The area has over 248,000 people within a 5-mile radius and strong household density, supporting long-term flexibility for various uses.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$380.8K
NOI $34,269 @ 9.00% cap · cautious / downside scenario
Moderate
$489.6K
NOI $34,269 @ 7.00% cap · market / base-case scenario
Aggressive
$685.4K
NOI $34,269 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.9k | $22.20 |
| − Vacancy | −$4.0k | −$1.67 |
| EGI | $49.0k | $20.54 |
| − OpEx | −$14.7k | −$6.16 |
| NOI | $34.3k | $14.37 |
2,384 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$489.6K
$428.4K – $571.2K
NOI $34,269 @ 7.0% cap · market cap 8.65%
Second Best
Office B
$452.4K
$395.9K – $527.8K
NOI $31,669 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Atomic Imports LLC
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5886007
- Latitude
- 35.0790351
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - High-quality industrial/flex asset in a desirable Albuquerque location.
Where is this flex space located?
The property is located at 125 Manzano St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Functional office space, multiple garage bays, workshop areas, and secure yard offer versatile owner‑user or investment applications.; Located in a desirable infill submarket with immediate access to major thoroughfares (Central Avenue, San Mateo Blvd) providing strong connectivity.; Priced at $396,000, representing compelling value relative to replacement cost and current market pricing.
