2024 5th Street Northwest Albuquerque, NM 87102
Two-building property offered for sale, fully leased, providing an ownership structure supported by in-place tenant occupancy.
Property Features for 2024 5th Street Northwest
General Information
- Standard status
- Active
- Size
- 16,289 SF
- Property subtype
- Retail, Industrial
Listing office Johnson Commercial Real Estate (505) 353-2055
Listing date Jun 30, 2026
Source Crexi
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.
The buildings are located at 2024 5th Street Northwest in Albuquerque, New Mexico. The property’s address-based location supports day-to-day access for occupants and visitors, while the two-building layout allows the spaces to be managed as a combined investment.
For buyers seeking a leased, multi-building setup, this property can fit hands-on investors or owner-operators who want to acquire warehouse and retail space with current occupancy already in place. Because the information provided confirms full leasing status and identifies the asset mix as warehouse and retail, prospective purchasers can evaluate how the existing tenancy aligns with their operating, leasing, or property management approach.
Key Highlights
- Two‑building investment property for sale
- 100% leased with in‑place tenant occupancy
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.8k | $8.40 |
| − Vacancy | −$5.5k | −$0.34 |
| EGI | $131.4k | $8.06 |
| − OpEx | −$19.7k | −$1.21 |
| NOI | $111.7k | $6.85 |
Alternative Uses
Property Analytics
Current Use by Public Records
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