Industrial Flex Space with Loading
For Sale
$4,800,000
1501 12th Street NW, Albuquerque, NM 87104
COMMERCIAL - Albuquerque, NM
Property Size45,220 SF
Lot Size1.15 Acres
Price / SF$106.15
Days on Market270
Property Features for 1501 12th Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
NR-BP*
Parking
66
Accessibility
Accessible Approach with Ramp
Directions
I40 to 12th street. south on 12th street to property on west side.
Subdivision
80 - Downtown Area
Standard status
Active
APN
101305848552812409
Lot size
1.15 Acres
Taxes and HOA fees
Tax Annual Amount
20965
Building Details
Floors in Building
2
Building materials
Brick
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Alexis Pinter · License #20510
(505) 261-4969
Added: Nov 25, 2025
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 1095565
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1501 12th Street NW in Albuquerque, this 45,220 SF flex space occupies 1.15 acres and features brick construction. The facility includes expansive clear-span areas, one loading dock, six roll-up doors, a sprinkler system, and floor drains. On-site and overflow parking are also provided.
The property is supported by three-phase electrical service with 1,600 amps at 240 volts and 600 amps at 480 volts. Its configuration accommodates industrial, manufacturing, distribution, and specialty-use operations. The site is within a federally designated Opportunity Zone.
The property is supported by three-phase electrical service with 1,600 amps at 240 volts and 600 amps at 480 volts. Its configuration accommodates industrial, manufacturing, distribution, and specialty-use operations. The site is within a federally designated Opportunity Zone.
Key Highlights
- 45,220 SF flex and industrial facility on 1.15 acres
- Three‑phase power with 1,600 amps at 240 volts and 600 amps at 480 volts
- One loading dock and six roll‑up doors
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
$402,096
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
8.38%
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%
$8,041,920
$8.0M
Cap Rate 7%
$5,744,229
$5.7M
Cap Rate 9%
$4,467,733
$4.5M
Market Conditions
NOI Build-Up for 45,220 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
$651.2K $14.40/SF
− Vacancy
−$32.6K −$0.72/SF
EGI
$618.6K $13.68/SF
− OpEx
−$216.5K −$4.79/SF
NOI
$402.1K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$8,041,920
Cap Rate 7%
$5,744,229
Cap Rate 9%
$4,467,733
Alternative Uses
Best Use
Flex RnD
$5.74M
$5.03M – $6.70M
NOI $402,096 @ 7.0% cap · market cap 8.38%
Second Best
Warehouse
$4.43M
$3.87M – $5.17M
NOI $309,956 @ 7.0% cap · market cap 6.46%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,205
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial facility with three-phase power, roll-up access, clear-span areas, and on-site parking.
Where is this flex space 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 flex and industrial facility on 1.15 acres; Three‑phase power with 1,600 amps at 240 volts and 600 amps at 480 volts; One loading dock and six roll‑up doors
