Flex Industrial
For Sale
$4,850,000
Pending
1 Claremont Ave NW, Albuquerque, NM 87107
Warehouse and showroom improvements include heavy power, dock access, and a secured gated yard.
Property Size46,115 SF
Days on Market632
Property Features for 1 Claremont Ave NW
General Information
Standard status
Pending
Size
46,115 SF
Property subtype
Investment
Zoning
NR-LM
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
27.6 ft
Warehouse Space
40,000 SF
Office Build-Out
6,000 SF
Dock-High Doors
8
Drive-In Doors
1
Column Spacing
26' - 29'
Power
800 amps
Voltage
208 V
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Amenities
Motion Activated Lighting
High-speed Internet
Natural Gas Heat
Central A/C (Sales/Office)
Updated Breakroom
Motion Sensing Alarm
Power
Water
Sewer
Natural Gas
Listing Agency:
Metro Commercial Realty, LLC.
(505) 858-1444
Listed By:
Bob Arguelles
(505) 858-1444
Source:
Carnm.resimplifi
Added: Dec 5, 2024
Changed: Aug 29
Last Checked: Aug 29 at 3:53PM
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 Metro Commercial Realty, LLC.
Investment Insights
Based on property information with market context.
This flex industrial property combines approximately 6,000 square feet of showroom and office area with roughly 40,000 square feet of warehouse space. The facility includes eight dock-high doors, a ramp serving a 14-foot by 14-foot door, ceiling heights ranging from 26 feet 7 inches to 27 feet 7 inches, and column spacing from 26 to 29 feet. Building systems include 3-phase, 800-amp, 208-volt power, natural gas heat, central air conditioning in the sales and office areas, motion-activated lighting, high-speed internet, and a fully sprinklered warehouse.
The site has a secured yard enclosed by fencing and rolling, locking gates. Improvements completed in 2021 included updates to the showroom and will-call area, restrooms, breakroom, lighting, flooring, ceiling, customer waiting area, and showroom air-conditioning units. An ADA-compliant ramp, exterior painting, and updated building signage were also added. The property is zoned NR-LM and provides access to I-25 and I-40.
The site has a secured yard enclosed by fencing and rolling, locking gates. Improvements completed in 2021 included updates to the showroom and will-call area, restrooms, breakroom, lighting, flooring, ceiling, customer waiting area, and showroom air-conditioning units. An ADA-compliant ramp, exterior painting, and updated building signage were also added. The property is zoned NR-LM and provides access to I-25 and I-40.
Key Highlights
- Approximately 46,115 square feet total, including 6,000 ± showroom/offices and 40,000 ± warehouse
- 8 dock‑high doors plus a ramp with 14’ x14’ door
- 26’7” - 27’7” ceiling height and 26’ - 29’ column spacing
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
$410,055
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
8.45%
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%
$8,201,100
$8.2M
Cap Rate 7%
$5,857,929
$5.9M
Cap Rate 9%
$4,556,167
$4.6M
Market Conditions
NOI Build-Up for 46,115 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
$664.1K $14.40/SF
− Vacancy
−$33.2K −$0.72/SF
EGI
$630.9K $13.68/SF
− OpEx
−$220.8K −$4.79/SF
NOI
$410.1K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$8,201,100
Cap Rate 7%
$5,857,929
Cap Rate 9%
$4,556,167
Alternative Uses
Best Use
Flex RnD
$5.86M
$5.13M – $6.83M
NOI $410,055 @ 7.0% cap · market cap 8.45%
Second Best
Warehouse
$4.52M
$3.95M – $5.27M
NOI $316,091 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$11.16M
$9.76M – $13.02M
NOI $780,930 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27 ft
Clear height
8
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and showroom improvements include heavy power, dock access, and a secured gated yard.
Where is this flex space located?
The property is located at 1 Claremont Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Approximately 46,115 square feet total, including 6,000 ± showroom/offices and 40,000 ± warehouse; 8 dock‑high doors plus a ramp with 14’ x14’ door; 26’7” - 27’7” ceiling height and 26’ - 29’ column spacing
