201 Pennsylvania St. & 210 Dallas St NE, Albuquerque, NM 87108

Building Details

Buildings 2 More

Listing Agency: NAI Sun Vista

Listed By: Alexis Lovato · License NM #55026 Show Phone

Source: Crexi

Added: Nov 30, 2023 Changed: Oct 30 Last Checked: Nov 10 at 7:07AM

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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 Sun Vista

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Investment Insights

Based on property information with market context.

The property at 201 Pennsylvania St. NE offers approximately 4,700 square feet on about 0.28 acres. It features three new roll-up doors, three-phase power, and a ceiling height of 14 feet 1 inch. The property at 210 Dallas St. NE provides approximately 4,800 square feet on about 0.29 acres. It includes eight new roll-up doors, a TPO roof that is eight years old, and single-phase power. The ceiling height at this location is 18 feet 11 inches. Existing equipment, including five lifts, a paint booth with mixing room, and a frame machine, is available for purchase. The properties are zoned MX-M.

Key Highlights

• Two properties available: 201 Pennsylvania St. NE (±4,700 SF, ±0.28 Acres) and 210 Dallas St. NE (±4,800 SF, ±0.29 Acres).
• 210 Dallas St. NE features 8 new roll‑up doors and a high ceiling height of 18’ - 11”.
• 201 Pennsylvania St. NE offers three‑phase power, while 210 Dallas St. NE has single‑phase power.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,474

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,689,480 $1.7M

Cap Rate 7%

$1,206,771 $1.2M

Cap Rate 9%

$938,600 $938.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,500 SF

Gross rent

$136.8K $14.40/SF

− Vacancy

−$6.8K −$0.72/SF

EGI

$130.0K $13.68/SF

− OpEx

−$45.5K −$4.79/SF

NOI

$84.5K $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%

$1,689,480

Cap Rate 7%

$1,206,771

Cap Rate 9%

$938,600

Alternative Uses

Best Use

Flex RnD

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,474 @ 7.0% cap · market cap 7.41%

Second Best

Industrial

$816.5K

$714.5K – $952.6K (±1% cap)

NOI $57,157 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,877 @ 7.0% cap · market cap 14.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Potter's House Christian ... Church

Suggested Use

Top Pick Real Estate Agency Nail Salon Hair Salon Parking Lot & Garage Law Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

857

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 87108, NM

36,773

Population

19,153

Households

1.9

Avg Household Size

39

Median Age

33%

College-Educated

85%

High-School Grad

5.9 sq mi

ZIP Area

6,233

Density / Sq Mi

$39,578

Median Household Income

$31,478

Median Earnings

$828

Median Rent

$227,600

Median Home Value

Market

Properties on Market for Flex space in Albuquerque

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two industrial properties with multiple roll-up doors for sale.

Where is this flex space located?

The property is located at 201 Pennsylvania St. & 210 Dallas St NE Albuquerque, NM.

What is the asking price?

The asking price for this property is $1,140,000.

What are key features of this property?

This property features: Two properties available: 201 Pennsylvania St. NE (±4,700 SF, ±0.28 Acres) and 210 Dallas St. NE (±4,800 SF, ±0.29 Acres).; 210 Dallas St. NE features **8 new roll‑up doors** and a **high ceiling height of 18’ - 11”**.; 201 Pennsylvania St. NE offers three‑phase power, while 210 Dallas St. NE has single‑phase power.