Industrial Distribution Building with
1501 12th Street NW Albuquerque, NM 87104
1501 12th Street NW, Albuquerque, NM, 87104
$4,800,000
For Sale
$4,800,000
Versatile industrial facility with one loading dock, six roll-up doors, clear-span space, and sprinkler protection with floor drains.
Property Size45,220 SF
Lot Size1.15 Acres
Price / SF$106.15
Days on Market20
Property Features for 1501 12th Street NW
General Information
- Standard status
- Active
- Size
- 45,220 SF
- Lot size
- 1.15 Acres
Listing agency
(505) 296-0726
Listed by
Karen Martin
(505) 296-0726
Source
Brunikarr.idxbroker
Added: Jul 3 Updated: Jul 21 at 1:39PM Checked: Jul 22 at 2:25AM
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 Karen Martin
Investment Insights
Based on property information with market context.
1501 12th St NW is a versatile industrial/distribution building designed for manufacturing, distribution, or specialty industrial use. The facility offers expansive clear-span areas, one loading dock, and six roll-up doors, supported by a sprinkler system and floor drains. On-site improvements also include on-site and overflow parking to support day-to-day operations.
The property is situated on 1.15 acres in the heart of Albuquerque’s 12th Street corridor. Electrical service includes 3-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts.
Additional functional features include a floor drain system, which complements the building’s intended industrial workflow and helps support activities that require drainage management.
The property is situated on 1.15 acres in the heart of Albuquerque’s 12th Street corridor. Electrical service includes 3-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts.
Additional functional features include a floor drain system, which complements the building’s intended industrial workflow and helps support activities that require drainage management.
Key Highlights
- ±45,220 SF versatile industrial space in Albuquerque’s 12th Street corridor (MLS Area Major: 80 - Downtown Area)
- 1.15‑acre lot with on‑site parking plus overflow parking; total parking: 66
- 1 loading dock with six roll‑up doors and expansive clear‑span areas for industrial and specialty use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $379.8k | $8.40 |
| − Vacancy | −$15.2k | −$0.34 |
| EGI | $364.7k | $8.06 |
| − OpEx | −$54.7k | −$1.21 |
| NOI | $310.0k | $6.85 |
45,220 SF · lease $8.40/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.43M
$3.87M – $5.17M
NOI $309,956 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$3.89M
$3.40M – $4.53M
NOI $272,066 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$10.94M
$9.57M – $12.76M
NOI $765,774 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Versatile industrial facility with one loading dock, six roll-up doors, clear-span space, and sprinkler protection with floor drains.
Where is this warehouse located?
The property is located at 1501 12th Street NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: ±45,220 SF versatile industrial space in Albuquerque’s 12th Street corridor (MLS Area Major: 80 - Downtown Area); 1.15‑acre lot with on‑site parking plus overflow parking; total parking: 66; 1 loading dock with six roll‑up doors and expansive clear‑span areas for industrial and specialty use
