Freestanding Industrial Warehouse with Fenced
For Sale
Contact for pricing
147 Texas St NE, Albuquerque, NM 87108
8,000 SF industrial warehouse with office buildout and fenced yard.
Property Size8,000 SF
Lot Size0.31 Acres
Price / SF$74.38
Days on Market182
Property Features for 147 Texas St NE
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.31 Acres
Property subtype
Industrial, Mixed Use
Zoning
MX-M
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Allen Sigmon Real Estate Group
(505) 884-4699
Listed By:
June Bahadirli · License #20250821
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 12 at 1:16PM
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 Allen Sigmon Real Estate Group
Investment Insights
Based on property information with market context.
Located in Albuquerque’s Southeast Heights industrial corridor, 147 Texas Street NE is an 8,000 SF freestanding industrial warehouse on 0.31 acres, presenting an owner-user opportunity. The property includes a fully fenced yard of approximately 5,000 SF. The building features 12’ clear height, two 12’ x 12’ grade-level overhead doors, 3-phase power, and suspended gas heat. An existing office buildout is present, with approximately 1,088 SF providing climate-controlled workspace or storage. The property is vacant and available for immediate occupancy. The renovated administrative suite includes a private office, executive office/conference room, staff break room, and kitchenette. Separate from the offices is a 1,088 SF climate-controlled chamber suited for specialized production or sensitive storage. This configuration provides a functional split between professional office space, temperature-regulated industrial workspace/storage, and warehouse space. Zoned MX-M (Mixed Use – Moderate Intensity), the site allows for flexible industrial and commercial applications including warehouse, distribution, light manufacturing, contractor operations, and storage uses. This offering is well-suited for an owner-user seeking to control occupancy costs while building long-term equity.
Key Highlights
- Vacant ±8,000 SF freestanding industrial warehouse on ±0.31 acres, ready for immediate occupancy.
- Seller financing is available.
- MX‑M zoning allows for flexible industrial and commercial applications.
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
$48,132
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
8.09%
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%
$962,640
$962.6K
Cap Rate 7%
$687,600
$687.6K
Cap Rate 9%
$534,800
$534.8K
Market Conditions
NOI Build-Up for 8,000 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
$72.0K $9.00/SF
− Vacancy
−$3.2K −$0.41/SF
EGI
$68.8K $8.59/SF
− OpEx
−$20.6K −$2.58/SF
NOI
$48.1K $6.02/SF
Area
Albuquerque, NM
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$962,640
Cap Rate 7%
$687,600
Cap Rate 9%
$534,800
Alternative Uses
Best Use
Flex RnD
$1.02M
$889.2K – $1.19M
NOI $71,136 @ 7.0% cap · market cap 11.96%
Second Best
Warehouse
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 9.22%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,475 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
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 - 8,000 SF industrial warehouse with office buildout and fenced yard.
Where is this flex space located?
The property is located at 147 Texas St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Vacant ±8,000 SF freestanding industrial warehouse on ±0.31 acres, ready for immediate occupancy.; Seller financing is available.; MX‑M zoning allows for flexible industrial and commercial applications.
