Industrial Flex
1823 Commercial St NE Albuquerque, NM 87102
For Sale
Contact for pricing
Industrial/flex property offering versatile suites suitable for investment or owner-user occupancy.
Property Size4,961 SF
Price / SF$108
Days on Market436
Property Features for 1823 Commercial St NE
General Information
- Standard status
- Active
- Size
- 4,961 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
BHHS - New Mexico Properties | Albuquerque
(505) 328-5156
Listed By:
Jacob Lopez · License #50903
(505) 328-5156
Source:
Moodyscre
Added: May 14, 2025
Changed: Jul 22
Last Checked: Jul 22 at 9:29PM
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 BHHS - New Mexico Properties | Albuquerque
Investment Insights
Based on property information with market context.
1823 Commercial St NE is a versatile industrial/flex property offering functional suite space for either investment or owner-user use. The offering is presented as high-functioning industrial suites designed to provide flexibility in how the space is occupied.
The property is located in a centrally located area of Albuquerque, with access positioned to serve a range of industrial and flex requirements.
For buyers or tenants seeking adaptable industrial space, this property’s suite configuration supports occupancy options aligned with the property’s stated investment and owner-user flexibility.
The property is located in a centrally located area of Albuquerque, with access positioned to serve a range of industrial and flex requirements.
For buyers or tenants seeking adaptable industrial space, this property’s suite configuration supports occupancy options aligned with the property’s stated investment and owner-user flexibility.
Key Highlights
- 1823 Commercial St NE offers industrial/flex suites for investment or owner‑user occupancy
- Versatile industrial/flex setup with functional layouts suitable for a variety of users
- Centrally located area of Albuquerque
Financial Insights For Flex RnD
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 | $71.4k | $14.40 |
| − Vacancy | −$3.6k | −$0.72 |
| EGI | $67.9k | $13.68 |
| − OpEx | −$23.8k | −$4.79 |
| NOI | $44.1k | $8.89 |
4,961 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$630.2K
$551.4K – $735.2K
NOI $44,113 @ 7.0% cap · market cap 8.23%
Second Best
Warehouse
$485.8K
$425.1K – $566.8K
NOI $34,005 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,012 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Standard Restaurant Supply
Factory
APA Specialties LLC
Construction Company
Albuquerque Partitions & Accessories
Kitchen & Bath Showroom
Similar Off Market Nearby
- Albuquerque Commissary Kitchen — 1601 4th St NW, Albuquerque, NM 87102
- High Mountain Cusine Catering — 1807 2nd St NW Studio 61, Santa Fe, NM 87505
- ABQ Ice Cream — 1601 4th St NW, Albuquerque, NM 87102
- Southwest Savories Aviation Catering LLC — 616 Lomas Blvd NW Suite C, Albuquerque, NM 87102
FAQs
What type of property is this?
Flex space - Industrial/flex property offering versatile suites suitable for investment or owner-user occupancy.
Where is this flex space located?
The property is located at 1823 Commercial St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $535,788.
What are key features of this property?
This property features: 1823 Commercial St NE offers industrial/flex suites for investment or owner‑user occupancy; Versatile industrial/flex setup with functional layouts suitable for a variety of users; Centrally located area of Albuquerque
