Multi-Suite Industrial Flex
2105 Aztec Road NE Albuquerque, NM 87107
For Sale
$3,330,000
COMMERCIAL - Albuquerque, NM
Property Size24,017 SF
Lot Size1.20 Acres
Price / SF$138.65
Days on Market240
Property Features for 2105 Aztec Road NE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
30
Security features
Security
Fencing
Fenced
Standard status
Active
APN
101606000714830702
Lot size
1.20 Acres
Taxes and HOA fees
Tax Annual Amount
16937
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
Berkshire Hathaway NM Prop
(505) 798-6300
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Added: Dec 2, 2025
Changed: Jul 21
Last Checked: Jul 30 at 11:06AM
MLS# 1095205
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile multi-suite industrial flex property features two well-maintained block-constructed buildings totaling 24,017 SF. Each building is equipped with 3-phase power, multiple oversized grade-level overhead doors, and clear heights up to 15 feet. The individual suites combine private offices with open work areas, restrooms, and breakrooms, supporting both administrative functions and light industrial operations.
The site includes partially gated areas with small fenced yard spaces for select suites, providing secure storage or laydown options. Located just off Pan American Freeway and Aztec Road NE, the property sits near the Big I interchange in one of Albuquerque’s sought-after industrial corridors.
Offered for sale, the property is positioned to serve a range of operational needs where both functional warehouse space and dedicated office support are important.
The site includes partially gated areas with small fenced yard spaces for select suites, providing secure storage or laydown options. Located just off Pan American Freeway and Aztec Road NE, the property sits near the Big I interchange in one of Albuquerque’s sought-after industrial corridors.
Offered for sale, the property is positioned to serve a range of operational needs where both functional warehouse space and dedicated office support are important.
Key Highlights
- Prime location near the Big I interchange and Pan American Freeway, offering exceptional accessibility.
- Versatile multi‑suite industrial property suitable for a wide range of users.
- Two well‑maintained buildings totaling 24,017 SF.
Financial Insights For Flex RnD
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 | $345.8k | $14.40 |
| − Vacancy | −$17.3k | −$0.72 |
| EGI | $328.6k | $13.68 |
| − OpEx | −$115.0k | −$4.79 |
| NOI | $213.6k | $8.89 |
24,017 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,559 @ 7.0% cap · market cap 6.41%
Second Best
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,622 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$5.81M
$5.08M – $6.78M
NOI $406,713 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Two block-constructed buildings with 3-phase power, multiple grade-level overhead doors, and suites built for office and light industrial use.
Where is this flex space located?
The property is located at 2105 Aztec Road NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,330,000.
What are key features of this property?
This property features: Prime location near the Big I interchange and Pan American Freeway, offering exceptional accessibility.; Versatile multi‑suite industrial property suitable for a wide range of users.; Two well‑maintained buildings totaling 24,017 SF.
