Industrial Service Property with
For Sale
Contact for pricing
1907 8th St NW, Albuquerque, NM 87102
Industrial flex/service buildings include a fenced yard and an in-building inspection pit with roll-up access.
Property Size2,000 SF
Lot Size0.69 Acres
Price / SF$249.50
Days on Market140
Property Features for 1907 8th St NW
General Information
Standard status
Active
Size
2,000 SF
Class
C
Lot size
0.69 Acres
Property subtype
Industrial
Zoning
NR-BP
Investment Type
Owner/User
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1984
Buildings
2
Stories
1
Listing Agency:
Real Broker
Listed By:
Mark Rickert · License #49444
Source:
Crexi
Added: Apr 19
Changed: Aug 8
Last Checked: Jul 30 at 3:57AM
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 Real Broker
Investment Insights
Based on property information with market context.
This industrial service property is designed for hands-on operations, featuring fenced outdoor space alongside two industrial buildings. The primary building provides roll-up access and includes an in-building inspection pit for servicing vehicles and equipment, with additional shop, storage, and operational flexibility supported by a secondary structure.
The site is located in central Albuquerque and sits on approximately 0.69 acres, with the yard supporting vehicle staging, trailer parking, material storage, and equipment laydown. The property is zoned NR-BP.
For owner-users and investors, the combination of industrial/service space, roll-up access, and an on-site inspection pit can support a range of industrial and service activities that benefit from true in-house servicing capability rather than relying on off-site facilities.
The site is located in central Albuquerque and sits on approximately 0.69 acres, with the yard supporting vehicle staging, trailer parking, material storage, and equipment laydown. The property is zoned NR-BP.
For owner-users and investors, the combination of industrial/service space, roll-up access, and an on-site inspection pit can support a range of industrial and service activities that benefit from true in-house servicing capability rather than relying on off-site facilities.
Key Highlights
- Industrial service property built in 1984 with fenced yard and an in‑building inspection pit
- Approximately 0.69 acres with two industrial buildings totaling about 2,500–2,900 SF
- Primary building includes roll‑up access plus an inspection pit for servicing vehicles and equipment
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
$17,784
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
3.56%
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%
$355,680
$355.7K
Cap Rate 7%
$254,057
$254.1K
Cap Rate 9%
$197,600
$197.6K
Market Conditions
NOI Build-Up for 2,000 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
$28.8K $14.40/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$27.4K $13.68/SF
− OpEx
−$9.6K −$4.79/SF
NOI
$17.8K $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 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%
$355,680
Cap Rate 7%
$254,057
Cap Rate 9%
$197,600
Alternative Uses
Best Use
Flex RnD
$254.1K
$222.3K – $296.4K
NOI $17,784 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex/service buildings include a fenced yard and an in-building inspection pit with roll-up access.
Where is this flex space located?
The property is located at 1907 8th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Industrial service property built in 1984 with fenced yard and an in‑building inspection pit; Approximately 0.69 acres with two industrial buildings totaling about 2,500–2,900 SF; Primary building includes roll‑up access plus an inspection pit for servicing vehicles and equipment
