Freestanding Industrial Warehouse with Fenced
147 Texas St NE, Albuquerque, NM 87108
For Sale
$549,000
8,000 SF industrial warehouse with office buildout and fenced yard.
Property Size8,000 SF
Lot Size0.31 Acres
Price / SF$68.63
Days on Market273
Property Features for 147 Texas St NE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Allen Sigmon Real Estate Group
Listed By:
June Bahadirli · License NM #20250821
(505) 884-4699
Source:
Carnm.resimplifi
Added: Feb 12
Changed: Nov 8
Last Checked: Nov 10 at 5:15AM
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
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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 / Yr
$48,132
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
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
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 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 12.96%
Second Best
Industrial
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,475 @ 7.0% cap · market cap 24.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- City Treats Parties — 515 Wyoming Blvd NE, Albuquerque, NM 87123
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 $549,000.
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.
