Industrial Warehouse with Loading
For Sale
$4,800,000
1501 12th Street NW, Albuquerque, NM 87104
CommercialSale, Albuquerque, NM
Property Size45,220 SF
Lot Size1.15 Acres
Price / SF$106.15
Days on Market322
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: Sep 3
Last Checked: Oct 13 at 9:06PM
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.
This brick warehouse property occupies 1.15 acres and includes expansive clear-span areas suited to industrial operations. The facility has one loading dock, six roll-up doors, on-site and overflow parking, a sprinkler system, and floor drains. An accessible approach with ramp is also provided.
Electrical infrastructure includes three-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts. The property is located at 1501 12th Street NW in Albuquerque's 12th Street corridor and is designated within a federally recognized Opportunity Zone. Its configuration supports warehouse, manufacturing, distribution, and other specialty industrial uses.
Electrical infrastructure includes three-phase power with 1,600 amps at 240 volts and 600 amps at 480 volts. The property is located at 1501 12th Street NW in Albuquerque's 12th Street corridor and is designated within a federally recognized Opportunity Zone. Its configuration supports warehouse, manufacturing, distribution, and other specialty industrial uses.
Key Highlights
- 1.15‑acre industrial warehouse property
- 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 / 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Brick industrial facility with three-phase power, roll-up access, sprinkler protection, and installed 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: 1.15‑acre industrial warehouse property; Three‑phase power with 1,600 amps at 240 volts and 600 amps at 480 volts; One loading dock and six roll‑up doors
