Industrial Property with
For Sale
$577,000
Pending
2004 4th St NW, Albuquerque, NM 87102
Standalone industrial property with an outdoor yard and MX-M mixed-use manufacturing zoning.
Property Size3,080 SF
Days on Market107
Property Features for 2004 4th St NW
General Information
Standard status
Pending
Size
3,080 SF
Property subtype
Industrial
Zoning
MX-M
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Mark Friedman
(505) 831-3333
Source:
Carnm.resimplifi
Added: Jun 30
Changed: Oct 11
Last Checked: Oct 12 at 4:49PM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This standalone industrial property offers 3,080 square feet on approximately 1.5189 acres, including an outdoor yard. The site is zoned MX-M, a mixed-use manufacturing designation, and is positioned near 4th Street, Indian School Road, Interstate 40, and downtown Albuquerque.
The property is leased with annual CPI rent increases through 12/31/2029 and includes two 5-year renewal options. Its location provides access to I-40 and central Albuquerque, while the site’s industrial zoning and yard configuration support a range of manufacturing and related commercial operations. The property may also be acquired as part of a 4-building portfolio.
The property is leased with annual CPI rent increases through 12/31/2029 and includes two 5-year renewal options. Its location provides access to I-40 and central Albuquerque, while the site’s industrial zoning and yard configuration support a range of manufacturing and related commercial operations. The property may also be acquired as part of a 4-building portfolio.
Key Highlights
- 3,080± SF industrial property on 1.5189± acres
- Outdoor yard included with standalone industrial building
- MX‑M zoning for mixed‑use, manufacturing use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,531
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
$370.6K
Cap Rate 7%
$264,729
$264.7K
Cap Rate 9%
$205,900
$205.9K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$27.7K $9.00/SF
− Vacancy
−$1.2K −$0.41/SF
EGI
$26.5K $8.59/SF
− OpEx
−$7.9K −$2.58/SF
NOI
$18.5K $6.02/SF
Area
Albuquerque, NM
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
Cap Rate 7%
$264,729
Cap Rate 9%
$205,900
Alternative Uses
Best Use
Industrial
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Standalone industrial property with an outdoor yard and MX-M mixed-use manufacturing zoning.
Where is this industrial property located?
The property is located at 2004 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $577,000.
What are key features of this property?
This property features: 3,080± SF industrial property on 1.5189± acres; Outdoor yard included with standalone industrial building; MX‑M zoning for mixed‑use, manufacturing use
