Industrial Warehouse with Rollup
For Sale
$825,000
3115 Claremont Ave NE, Albuquerque, NM 87109
Versatile warehouse includes a loading dock, two rollup doors, and drive-around access on an NR-C zoned site.
Property Size5,400 SF
Lot Size0.33 Acres
Price / SF$152.78
Days on Market25
Property Features for 3115 Claremont Ave NE
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.33 Acres
Property subtype
Retail
Zoning
NR-C
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Coldwell Banker Legacy
(505) 400-2804
Listed By:
Ariel Resnik · License #REC20250133
Source:
Commercialcafe
Added: Jul 20
Changed: Aug 11
Last Checked: Aug 12 at 5:12AM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
3115 Claremont Ave. NE presents a versatile industrial warehouse totaling 5,400 SF on a 14,084 SF site. The property includes a loading dock, two rollup doors, and drive-around access, supported by 3-phase electric. The site is listed with NR-C zoning and an Opportunity Zone designation.
The property is positioned in Albuquerque’s established North East corridor, with convenient access described as minutes from I-25, I-40, and the Big I.
The current improvements and configuration are geared toward warehouse, contractor, manufacturing, distribution, storage, or service use cases, with loading and service access through the dock and rollup doors.
The property is positioned in Albuquerque’s established North East corridor, with convenient access described as minutes from I-25, I-40, and the Big I.
The current improvements and configuration are geared toward warehouse, contractor, manufacturing, distribution, storage, or service use cases, with loading and service access through the dock and rollup doors.
Key Highlights
- 5,400 SF industrial warehouse on a 14,084 SF (0.326‑acre) site with NR‑C zoning
- Loading dock plus 2 rollup doors for warehouse and service use
- Drive‑around access suitable for flexible loading and service 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
$37,014
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
4.49%
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%
$740,280
$740.3K
Cap Rate 7%
$528,771
$528.8K
Cap Rate 9%
$411,267
$411.3K
Market Conditions
NOI Build-Up for 5,400 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
$45.4K $8.40/SF
− Vacancy
−$1.8K −$0.34/SF
EGI
$43.5K $8.06/SF
− OpEx
−$6.5K −$1.21/SF
NOI
$37.0K $6.85/SF
Area
Albuquerque, NM
Vacancy
4.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$740,280
Cap Rate 7%
$528,771
Cap Rate 9%
$411,267
Alternative Uses
Best Use
Warehouse
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$464.1K
$406.1K – $541.5K
NOI $32,489 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,446 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,692
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse includes a loading dock, two rollup doors, and drive-around access on an NR-C zoned site.
Where is this warehouse located?
The property is located at 3115 Claremont Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,400 SF industrial warehouse on a 14,084 SF (0.326‑acre) site with NR‑C zoning; Loading dock plus 2 rollup doors for warehouse and service use; Drive‑around access suitable for flexible loading and service operations
