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Versatile Flex Space Building
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4500 Alexander Blvd NE, Albuquerque, NM 87107

Two-story, multi-tenant flex property offers divisible space for office and industrial use with ample on-site parking.

Property Size5,388 SF
Days on Market595

Property Features for 4500 Alexander Blvd NE

General Information

Standard status Active
Size 5,388 SF
Total Parking Spaces 432
Property subtype FLEX_R_AND_D
Lease Type SF/yr

Building Details

Stories 2
Tenancy Multi
Listing Agency: REA Real Estate Advisors
Listed By: Tom Jenkins CCIM SIOR · License #52736
Source: Moodyscre
Added: Dec 12, 2024 Changed: Jul 26 Last Checked: Jul 29 at 4:10PM

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 REA Real Estate Advisors

Investment Insights

Based on property information with market context.

4500 Alexander is a two-story, multi-tenant flex space building designed to accommodate both office and industrial uses. Spaces are readily divisible, supporting a range of tenant sizes, and the property is configured to allow businesses to operate across a mix of functional requirements.

The building is located in the geographic center of Albuquerque. Parking is a notable feature, with approximately 432 spaces available for tenants and visitors.

As a flexible occupancy format, this property can fit businesses seeking a combination of office and industrial space within a multi-tenant setting, with the added convenience of on-site parking and divisible premises.

Key Highlights

  • 2‑story multi‑tenant flex building with space for both office and industrial uses
  • Approximately 432 parking spaces for tenants and visitors
  • Space is readily divisible, accommodating a wide range of tenant sizes

Property Analytics

Current Use

Express Scripts Inc. Factory Elmore Meghan R Pharmacy Marcia D. Allen, ... Pharmacy Hector R. Pacheco, ... Pharmacy Harris A. Zeyaee, PharmD Pharmacy

Suggested Use

Top Pick Parking Lot & Garage Nail Salon Dental Office (Bike/Boat/Book/etc) Store Hotel & Motel Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.06 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby
Well-served
Demand for This Use

Demographics for 87107, NM

30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$89.94 /SF/Yr
Avg Asking Price
$13.5–$141 /SF/Yr
Price Range
9,314 SF
Avg Space Size

This space is priced 85% below the average of $89.94 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Gourmet To Go Catering — 4003 Carlisle Blvd NE, Albuquerque, NM 87107

Frequently Asked Questions

What type of property is this?
Flex space - Two-story, multi-tenant flex property offers divisible space for office and industrial use with ample on-site parking.
Where is this flex space located?
The property is located at 4500 Alexander Blvd NE Albuquerque, NM.
What is the lease rate?
The lease rate is $13.75 SF/Yr.
What are key features of this property?
This property features: 2‑story multi‑tenant flex building with space for both office and industrial uses; Approximately 432 parking spaces for tenants and visitors; Space is readily divisible, accommodating a wide range of tenant sizes
(505) 238-5318 Call to check price and availability
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