Industrial Distribution Building with
For Sale
$4,800,000
1501 12th St NW, Albuquerque, NM 87104
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 Market332
Property Features for 1501 12th St NW
General Information
Standard status
Active
Size
45,220 SF
Total Parking Spaces
66
Lot size
1.15 Acres
Property subtype
Industrial
Warehouse & Industrial
Dock-High Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Opportunity Zone
Yes
Amenities
66 Parking Spaces
Building Details
Year Built
1945
Listing Agency:
EXP Realty, LLC
Listed By:
Andrea Hankins
(505) 554-3873
Source:
Carnm.resimplifi
Added: Nov 25, 2025
Changed: Oct 4
Last Checked: Oct 20 at 5:17PM
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 EXP Realty, LLC
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,956
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,199,120
$6.2M
Cap Rate 7%
$4,427,943
$4.4M
Cap Rate 9%
$3,443,956
$3.4M
Market Conditions
NOI Build-Up for 45,220 SF
Gross rent
$379.8K $8.40/SF
− Vacancy
−$15.2K −$0.34/SF
EGI
$364.7K $8.06/SF
− OpEx
−$54.7K −$1.21/SF
NOI
$310.0K $6.85/SF
Area
Albuquerque, NM
Vacancy
4.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,199,120
Cap Rate 7%
$4,427,943
Cap Rate 9%
$3,443,956
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 authorities.
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Current Use
Lease Details
1
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87104, NM
12,537
Population
6,628
Households
1.9
Avg Household Size
43
Median Age
48%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
2,985
Density / Sq Mi
$67,714
Median Household Income
$55,156
Median Earnings
$1,022
Median Rent
$300,000
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
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 St 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
