Standalone Industrial Property with
For Sale
Contact for pricing
Pending
2005 4th Street Northwest, Albuquerque, NM 87102
Standalone industrial property with yard area and MX-M zoning.
Property Size3,080 SF
Days on Market100
Property Features for 2005 4th Street Northwest
General Information
Standard status
Pending
Size
3,080 SF
Property subtype
Industrial
Zoning
MX-M
Occupancy
100%
Net Operating Income
$42,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Derek Mitchell · License #NM 48551
(505) 353-2055
Source:
Crexi
Added: Jun 30
Changed: Oct 3
Last Checked: Oct 5 at 5:41PM
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 includes a yard area and carries MX-M zoning. The asset is located at 2005 4th Street Northwest in Albuquerque, New Mexico, and may be acquired individually or as part of a four-building portfolio.
Key Highlights
- Standalone industrial property
- Yard area included
- MX‑M zoning
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.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Standalone industrial property with yard area and MX-M zoning.
Where is this industrial property located?
The property is located at 2005 4th Street Northwest 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: Standalone industrial property; Yard area included; MX‑M zoning
