Industrial Flex
1823 Commercial St NE, Albuquerque, NM 87102
For Sale
$890,670
Industrial/flex property offering versatile suites suitable for investment or owner-user occupancy.
Property Size8,097 SF
Price / SF$110
Days on Market250
Property Features for 1823 Commercial St NE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
Berkshire Hathaway NM Commercial Real Estate
Listed By:
Christian File
(505) 235-8518
Source:
Carnm.resimplifi
Added: Mar 3
Changed: Nov 5
Last Checked: Nov 6 at 5:04AM
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 Berkshire Hathaway NM Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1823 Commercial St NE is a versatile industrial/flex property offering functional suite space for either investment or owner-user use. The offering is presented as high-functioning industrial suites designed to provide flexibility in how the space is occupied.
The property is located in a centrally located area of Albuquerque, with access positioned to serve a range of industrial and flex requirements.
For buyers or tenants seeking adaptable industrial space, this property’s suite configuration supports occupancy options aligned with the property’s stated investment and owner-user flexibility.
The property is located in a centrally located area of Albuquerque, with access positioned to serve a range of industrial and flex requirements.
For buyers or tenants seeking adaptable industrial space, this property’s suite configuration supports occupancy options aligned with the property’s stated investment and owner-user flexibility.
Key Highlights
- 1823 Commercial St NE offers industrial/flex suites for investment or owner‑user occupancy
- Versatile industrial/flex setup with functional layouts suitable for a variety of users
- Centrally located area of Albuquerque
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,999
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,980
$1.4M
Cap Rate 7%
$1,028,557
$1.0M
Cap Rate 9%
$799,989
$800.0K
Market Conditions
NOI Build-Up for 8,097 SF
Gross rent
$116.6K $14.40/SF
− Vacancy
−$5.8K −$0.72/SF
EGI
$110.8K $13.68/SF
− OpEx
−$38.8K −$4.79/SF
NOI
$72.0K $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 Rate 5%
$1,439,980
Cap Rate 7%
$1,028,557
Cap Rate 9%
$799,989
Alternative Uses
Best Use
Flex RnD
$1.03M
$900.0K – $1.20M
NOI $71,999 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$695.9K
$609.0K – $811.9K
NOI $48,716 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,118 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Southwest Savories Aviation Catering LLC — 616 Lomas Blvd NW Suite C, Albuquerque, NM 87102
- Albuquerque Commissary Kitchen — 1601 4th St NW, Albuquerque, NM 87102
- ABQ Ice Cream — 1601 4th St NW, Albuquerque, NM 87102
- High Mountain Cusine Catering — 1807 2nd St NW Studio 61, Santa Fe, NM 87505
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/flex property offering versatile suites suitable for investment or owner-user occupancy.
Where is this flex space located?
The property is located at 1823 Commercial St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $890,670.
What are key features of this property?
This property features: 1823 Commercial St NE offers industrial/flex suites for investment or owner‑user occupancy; Versatile industrial/flex setup with functional layouts suitable for a variety of users; Centrally located area of Albuquerque
