Flex Space with Loading
For Sale
$755,767
1823 Commercial St NE Suite C, Albuquerque, NM 87102
M-1 zoning, substantial electrical capacity, and adaptable industrial improvements support a range of commercial operations.
Property Size5,827 SF
Price / SF$129.70
Days on Market220
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Property Features for 1823 Commercial St NE Suite C
General Information
Standard status
Active
Size
5,827 SF
Property subtype
Industrial
Zoning
M-1 Light Industrial Zone
Warehouse & Industrial
Clear Height
16 ft
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
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 10
Changed: Oct 14
Last Checked: Oct 14 at 7:49PM
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
Investment Insights
Based on property information with market context.
Suite C contains approximately 5,827 square feet within a flex-oriented industrial property at 1823 Commercial St NE. The space is currently improved for a concrete coating operation and is expected to be vacant at closing, creating owner-occupancy or leasing flexibility. Improvements include 16-foot clear height, 3-phase 480-volt electrical service, dock-high loading, and box-truck access.
The property includes a shared 26,114-square-foot yard and parking area, along with functional loading space. Its Albuquerque location provides access to I-25, I-40, and the North I-25 industrial submarket. Zoning is identified as M-1 Light Industrial Zone, with industrial and commercial flex applications subject to city verification. The existing concrete coating business may also be acquired separately from the real estate.
The property includes a shared 26,114-square-foot yard and parking area, along with functional loading space. Its Albuquerque location provides access to I-25, I-40, and the North I-25 industrial submarket. Zoning is identified as M-1 Light Industrial Zone, with industrial and commercial flex applications subject to city verification. The existing concrete coating business may also be acquired separately from the real estate.
Key Highlights
- Approximately 5,827 SF Suite C available vacant at closing or for owner occupancy
- Shared 26,114 SF yard and parking area
- 16' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,814
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,280
$1.0M
Cap Rate 7%
$740,200
$740.2K
Cap Rate 9%
$575,711
$575.7K
Market Conditions
NOI Build-Up for 5,827 SF
Gross rent
$83.9K $14.40/SF
− Vacancy
−$4.2K −$0.72/SF
EGI
$79.7K $13.68/SF
− OpEx
−$27.9K −$4.79/SF
NOI
$51.8K $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%
$1,036,280
Cap Rate 7%
$740,200
Cap Rate 9%
$575,711
Alternative Uses
Best Use
Flex RnD
$740.2K
$647.7K – $863.6K
NOI $51,814 @ 7.0% cap · market cap 6.86%
Second Best
Industrial
$500.8K
$438.2K – $584.3K
NOI $35,058 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,677 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
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
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 - M-1 zoning, substantial electrical capacity, and adaptable industrial improvements support a range of commercial operations.
Where is this flex space located?
The property is located at 1823 Commercial St NE Suite C Albuquerque, NM.
What is the asking price?
The asking price for this property is $755,767.
What are key features of this property?
This property features: Approximately 5,827 SF Suite C available vacant at closing or for owner occupancy; Shared 26,114 SF yard and parking area; 16' clear ceiling height
