Two-Tenant Industrial
1920 Columbia Dr SE, Albuquerque, NM 87106
For Sale
$1,990,000
Two-tenant industrial building with concrete tilt-up construction, fully sprinklered protection, and 3-phase 480V electrical service.
Property Size17,865 SF
Price / SF$111.39
Days on Market260
Property Features for 1920 Columbia Dr SE
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Site & Location
Neighborhood
Highway Access
Utilities to Site
Warehouse & Industrial
Truck Court Depth
Voltage
Three-Phase Power
Sprinkler System
Building Details
Construction
Tenancy
Listing Agency:
NAI SunVista
Listed By:
Alexis Lovato · License NM #55026
(505) 639-6433
Source:
Carnm.resimplifi
Added: Feb 24
Changed: Nov 9
Last Checked: Nov 10 at 5:05AM
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 NAI SunVista
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Investment Insights
Based on property information with market context.
This two-tenant industrial facility is built for distribution, contractor services, logistics, and light manufacturing. The building features durable concrete tilt-up construction and is fully sprinklered. Electrical service includes 3-phase, 480V capacity to support a wide range of industrial uses. Designed for daily operations, the property includes an efficient truck court with approximately 40’ depth, supporting loading and circulation needs.
The property is located in Southeast Albuquerque with quick access to I-25 and major arteries, supporting convenient regional connectivity. Suites are separately metered, which can simplify tenant-level utility management.
With a practical two-tenant configuration, warehouse users or light manufacturers seeking flexible space often find this layout well-suited to operations that require reliable fire protection, capable power service, and functional truck-area circulation.
The property is located in Southeast Albuquerque with quick access to I-25 and major arteries, supporting convenient regional connectivity. Suites are separately metered, which can simplify tenant-level utility management.
With a practical two-tenant configuration, warehouse users or light manufacturers seeking flexible space often find this layout well-suited to operations that require reliable fire protection, capable power service, and functional truck-area circulation.
Key Highlights
- Concrete tilt‑up two‑tenant industrial facility built for distribution and light manufacturing
- Fully sprinklered fire protection
- 3‑phase, 480V electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,454
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,449,080
$2.4M
Cap Rate 7%
$1,749,343
$1.7M
Cap Rate 9%
$1,360,600
$1.4M
Market Conditions
NOI Build-Up for 17,865 SF
Gross rent
$150.1K $8.40/SF
− Vacancy
−$6.0K −$0.34/SF
EGI
$144.1K $8.06/SF
− OpEx
−$21.6K −$1.21/SF
NOI
$122.5K $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%
$2,449,080
Cap Rate 7%
$1,749,343
Cap Rate 9%
$1,360,600
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,454 @ 7.0% cap · market cap 6.15%
Second Best
Industrial
$1.54M
$1.34M – $1.79M
NOI $107,485 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,533 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Distribution center - Two-tenant industrial building with concrete tilt-up construction, fully sprinklered protection, and 3-phase 480V electrical service.
Where is this distribution center located?
The property is located at 1920 Columbia Dr SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Concrete tilt‑up two‑tenant industrial facility built for distribution and light manufacturing; Fully sprinklered fire protection; 3‑phase, 480V electrical service
