Flex Space with Fenced
For Sale
$1,700,000
1100 Bosque Farms Blvd, Bosque Farms, NM 87068
SU-1-zoned property combines retail, office, and warehouse areas with covered storage within a secured yard.
Property Size16,400 SF
Lot Size1.33 Acres
Price / SF$103.66
Days on Market652
Property Features for 1100 Bosque Farms Blvd
General Information
Standard status
Active
Size
16,400 SF
Lot size
1.33 Acres
Property subtype
Retail
Zoning
SU-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
17 ft
Drive-In Doors
7
Three-Phase Power
Yes
Additional Details
Asking Price
$1,700,000
Building Details
Building Size
16,400 SF
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Mark Friedman
(505) 831-3333
Source:
Carnm.resimplifi
Added: Jan 1, 2025
Changed: Oct 5
Last Checked: Oct 14 at 7:48PM
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 Johnson Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 16,400± SF across a 2,300± SF retail area and 14,100± SF of office and warehouse space. The site includes a fully fenced yard, covered outdoor storage, available 3 phase power, and multiple drive-in access points: one 14’x14’ door and six 12’x14’ doors. Interior clear heights range from 14.5’ to 17’, with ceiling heights of 17’ to 18.3’.
The property occupies approximately 1.33± acres at 1100 Bosque Farms Blvd in Bosque Farms, New Mexico. It is zoned SU-1, located just south of Albuquerque, and sits 12 minutes from I-25. Traffic volume is reported at 26,648± vehicles per day.
The property occupies approximately 1.33± acres at 1100 Bosque Farms Blvd in Bosque Farms, New Mexico. It is zoned SU-1, located just south of Albuquerque, and sits 12 minutes from I-25. Traffic volume is reported at 26,648± vehicles per day.
Key Highlights
- 16,400± SF total area on 1.33± acres
- 2,300± SF retail area and 14,100± SF office/warehouse space
- Fully fenced yard with covered storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,294
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,885,880
$2.9M
Cap Rate 7%
$2,061,343
$2.1M
Cap Rate 9%
$1,603,267
$1.6M
Market Conditions
NOI Build-Up for 16,400 SF
Gross rent
$236.2K $14.40/SF
− Vacancy
−$14.2K −$0.86/SF
EGI
$222.0K $13.54/SF
− OpEx
−$77.7K −$4.74/SF
NOI
$144.3K $8.80/SF
Area
Valencia County, NM
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,885,880
Cap Rate 7%
$2,061,343
Cap Rate 9%
$1,603,267
Alternative Uses
Best Use
Office B
$2.78M
$2.44M – $3.25M
NOI $194,832 @ 7.0% cap · market cap 11.46%
Second Best
Flex RnD
$2.06M
$1.80M – $2.40M
NOI $144,294 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,380 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
17 ft
Clear height
7
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87068, NM
4,938
Population
2,252
Households
2.2
Avg Household Size
46
Median Age
24%
College-Educated
94%
High-School Grad
37.2 sq mi
ZIP Area
133
Density / Sq Mi
$63,287
Median Household Income
$37,753
Median Earnings
$865
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - SU-1-zoned property combines retail, office, and warehouse areas with covered storage within a secured yard.
Where is this flex space located?
The property is located at 1100 Bosque Farms Blvd Bosque Farms, NM.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 16,400± SF total area on 1.33± acres; 2,300± SF retail area and 14,100± SF office/warehouse space; Fully fenced yard with covered storage
