Industrial Distribution Building with
For Sale
$4,800,000
1501 12th Street NW, Albuquerque, NM 87104
Versatile industrial facility with one loading dock, six roll-up doors, clear-span space, and sprinkler protection with floor drains.
Property Size45,220 SF
Lot Size1.15 Acres
Price / SF$106.15
Days on Market52
Property Features for 1501 12th Street NW
General Information
Standard status
Active
Size
45,220 SF
Total Parking Spaces
66
Lot size
1.15 Acres
Zoning
NR-BP*
Warehouse & Industrial
Dock-High Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$20,964
Amenities
Active
Wheelchair Access
Other
2
Loading Dock
3 Phase, 220 Volts, 440 Volts
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
50225
66
Public Records
On Site
Brick
Building Details
Stories
2
Listing Agency:
(505) 296-0726
Listed By:
Karen Martin
(505) 296-0726
Source:
Brunikarr.idxbroker
Added: Jul 3
Changed: Aug 17
Last Checked: Aug 14 at 7:44AM
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 Karen Martin
Investment Insights
Based on property information with market context.
1501 12th St NW is a versatile industrial/distribution building designed for manufacturing, distribution, or specialty industrial use. The facility offers expansive clear-span areas, one loading dock, and six roll-up doors, supported by a sprinkler system and floor drains. On-site improvements also include on-site and overflow parking to support day-to-day operations.
The property is situated on 1.15 acres in the heart of Albuquerque’s 12th Street corridor. Electrical service includes 3-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts.
Additional functional features include a floor drain system, which complements the building’s intended industrial workflow and helps support activities that require drainage management.
The property is situated on 1.15 acres in the heart of Albuquerque’s 12th Street corridor. Electrical service includes 3-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts.
Additional functional features include a floor drain system, which complements the building’s intended industrial workflow and helps support activities that require drainage management.
Key Highlights
- ±45,220 SF versatile industrial space in Albuquerque’s 12th Street corridor (MLS Area Major: 80 - Downtown Area)
- 1.15‑acre lot with on‑site parking plus overflow parking; total parking: 66
- 1 loading dock with six roll‑up doors and expansive clear‑span areas for industrial and specialty use
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
$309,956
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
6.46%
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%
$6,199,120
$6.2M
Cap Rate 7%
$4,427,943
$4.4M
Cap Rate 9%
$3,443,956
$3.4M
Market Conditions
NOI Build-Up for 45,220 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
$379.8K $8.40/SF
− Vacancy
−$15.2K −$0.34/SF
EGI
$364.7K $8.06/SF
− OpEx
−$54.7K −$1.21/SF
NOI
$310.0K $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%
$6,199,120
Cap Rate 7%
$4,427,943
Cap Rate 9%
$3,443,956
Alternative Uses
Best Use
Warehouse
$4.43M
$3.87M – $5.17M
NOI $309,956 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$3.89M
$3.40M – $4.53M
NOI $272,066 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$10.94M
$9.57M – $12.76M
NOI $765,774 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
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?
Warehouse - Versatile industrial facility with one loading dock, six roll-up doors, clear-span space, and sprinkler protection with floor drains.
Where is this warehouse located?
The property is located at 1501 12th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: ±45,220 SF versatile industrial space in Albuquerque’s 12th Street corridor (MLS Area Major: 80 - Downtown Area); 1.15‑acre lot with on‑site parking plus overflow parking; total parking: 66; 1 loading dock with six roll‑up doors and expansive clear‑span areas for industrial and specialty use
