Industrial Property with Owner
For Sale
Contact for pricing
210 Dallas St NE, Albuquerque, NM
Two industrial buildings with flexible options and convenient access.
Property Size9,500 SF
Lot Size0.43 Acres
Price / SF$120
Days on Market517
Property Features for 210 Dallas St NE
General Information
Standard status
Active
Size
9,500 SF
Lot size
0.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI SunVista - Albuquerque
(505) 639-6433
Listed By:
Alexis Lovato · License #55026
(505) 639-6433
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 6
Last Checked: Aug 12 at 5:39AM
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 - Albuquerque
Investment Insights
Based on property information with market context.
This industrial property features two buildings with owner financing options and convenient access to I-40 and Central Ave. The property includes a fully-fenced yard and the option to demise. One building, located at 201 Pennsylvania St. NE, offers approximately 4,700 square feet on approximately 0.28 acres. It features three-phase power and a ceiling height of 14 feet 1 inch, along with 3 new roll-up doors. The second building, located at 210 Dallas St. NE, provides approximately 4,800 square feet on approximately 0.29 acres. It includes single-phase power, a TPO roof that is 8 years old, and a ceiling height of 18 feet 11 inches, along with 8 new roll-up doors. In total, there are 11 new roll-up doors across both buildings. Existing equipment is available for purchase.
Key Highlights
- Two buildings totaling ±9,500 SF on ±0.57 acres with flexible options for use.
- Benefit from 11 new roll‑up doors (3 on one building, 8 on the other) providing easy access.
- High ceilings (14’ -1” and 18’ -11”) suitable for various industrial or commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,689,480
$1.7M
Cap Rate 7%
$1,206,771
$1.2M
Cap Rate 9%
$938,600
$938.6K
Market Conditions
NOI Build-Up for 9,500 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $84,474 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$930.2K
$814.0K – $1.09M
NOI $65,117 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,877 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings with flexible options and convenient access.
Where is this warehouse located?
The property is located at 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 buildings totaling ±9,500 SF on ±0.57 acres with flexible options for use.; Benefit from 11 new roll‑up doors (3 on one building, 8 on the other) providing easy access.; High ceilings (14’ -1” and 18’ -11”) suitable for various industrial or commercial uses.
