129 Rhode Island NE, Albuquerque, NM
Secure warehouse with yard in northeast Albuquerque for sale.
- Added:
- Jul 2, 2025
- Days on Market:
- 360
- Last Refresh:
- May 20 at 9:09 pm
Property Features for 129 Rhode Island NE
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Lot size
- 0.23 Acres
- Property subtype
- INDUSTRIAL
Listing office Realty One of New Mexico dba R1 Commercial (505) 710-5088
Listing date Jul 2, 2025
Source Moodyscre
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 Realty One of New Mexico dba R1 Commercial
HighLights
- Secured property with sturdy security fence, ensuring high security and privacy.
- Bay door allows easy loading and unloading, even for semi‑trucks.
- 3075 sq ft warehouse on a .23‑acre lot suitable for storage, distribution, or production.
- Functional amenities include bathrooms, a shower, and a fully functional kitchen.
- Conveniently located in the NE part of Albuquerque, just north of Central.
- Designed for easy access in and out of the warehouse.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $8.40 |
| − Vacancy | −$1.0k | −$0.34 |
| EGI | $24.8k | $8.06 |
| − OpEx | −$3.7k | −$1.21 |
| NOI | $21.1k | $6.85 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Extra Space Storage — 6917 Montgomery Blvd NE, Albuquerque, NM 87109
- Golden Target Self Storage — 8601 Montgomery Blvd NE, Albuquerque, NM 87111
- Near2Me Storage Units — 8505 montgomery blvd ne ne, albuquerque, nm 87111
- Near2Me Self Storage Units — 8505 Montgomery Blvd NE NE, Albuquerque, NM 87111
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.558
- Latitude
- 35.0761
