1621 1st Street Northwest, Albuquerque, NM 87102
For sale flex industrial property combining warehouse space with office units in Albuquerque, NM.
- Added:
- Jun 4, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 20 at 8:08 am
Property Features for 1621 1st Street Northwest
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 2007
Listing office Base 5 Retail Partners
Listing date Jun 4, 2026
Source Crexi
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 Base 5 Retail Partners
HighLights
- Flex industrial property with warehouse space plus office units
- Built in 2007
- Located in Albuquerque, NM
Overview
Located at 1621 1st Street Northwest in Albuquerque, New Mexico, the property’s address provides direct access for day-to-day operations. As a for-sale offering, it is positioned for buyers looking to own a mixed-use work environment that supports administrative functions alongside warehouse activity.
For tenants and buyers, the appeal is the ability to match work requirements to the property’s hybrid layout. Businesses that benefit from proximity between office operations and warehouse workflow may find this combination practical for onsite management, coordination, and routine handling of goods or materials. If you’re evaluating an ownership opportunity in the warehouse, industrial, or flex space categories, this asset offers a straightforward option to consolidate office and storage under one roof.
Local Financial Insights For Office B
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 | $248.4k | $21.60 |
| − Vacancy | −$44.7k | −$3.89 |
| EGI | $203.7k | $17.71 |
| − OpEx | −$50.9k | −$4.43 |
| NOI | $152.8k | $13.28 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
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Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.6452481
- Latitude
- 35.1001995
