Industrial Flex Facility with Fenced
For Sale
Contact for pricing
2211 Commercial Street Northeast, Albuquerque, NM 87102
Office and warehouse components support logistics, service, and light industrial operations.
Property Size14,355 SF
Price / SF$139.32
Days on Market12
Property Features for 2211 Commercial Street Northeast
General Information
Standard status
Active
Size
14,355 SF
Property subtype
Office, Industrial
Zoning
MX-M
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Buildings
1
Tenancy
Single
Building Size
14,355 SF
Listing Agency:
Resolut RE Albuquerque
(505) 337-0777
Listed By:
Martin Richardson · License #20240120
Source:
Crexi
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 11 at 3:15PM
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 Resolut RE Albuquerque
Investment Insights
Based on property information with market context.
This flex property combines office space with an industrial warehouse configured for day-to-day operations, material handling, and storage. The warehouse offers approximately 16-foot clear height, four roll-up doors, and loading capability for trucks and semi-trucks. A secured fenced yard with gated entry adds outdoor space for fleet parking, equipment storage, or operational use. The property is zoned MX-M, supporting flexible commercial and industrial applications.
Located at 2211 Commercial Street Northeast in Albuquerque, the facility provides immediate access to I-25 and I-40. The surrounding corridor includes industrial, warehouse, and service businesses, with nearby restaurants and retail services. Proximity to the rail corridor further supports the area's established transportation and distribution character.
Located at 2211 Commercial Street Northeast in Albuquerque, the facility provides immediate access to I-25 and I-40. The surrounding corridor includes industrial, warehouse, and service businesses, with nearby restaurants and retail services. Proximity to the rail corridor further supports the area's established transportation and distribution character.
Key Highlights
- Approximately 16‑foot clear height in the warehouse
- Four roll‑up doors support loading and warehouse access
- Secured, fenced yard with gated access
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
$127,645
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
6.38%
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%
$2,552,900
$2.6M
Cap Rate 7%
$1,823,500
$1.8M
Cap Rate 9%
$1,418,278
$1.4M
Market Conditions
NOI Build-Up for 14,355 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
$206.7K $14.40/SF
− Vacancy
−$10.3K −$0.72/SF
EGI
$196.4K $13.68/SF
− OpEx
−$68.7K −$4.79/SF
NOI
$127.6K $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%
$2,552,900
Cap Rate 7%
$1,823,500
Cap Rate 9%
$1,418,278
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.18M
NOI $190,692 @ 7.0% cap · market cap 9.53%
Second Best
Flex RnD
$1.82M
$1.60M – $2.13M
NOI $127,645 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,093 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,256
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse components support logistics, service, and light industrial operations.
Where is this flex space located?
The property is located at 2211 Commercial Street Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 16‑foot clear height in the warehouse; Four roll‑up doors support loading and warehouse access; Secured, fenced yard with gated access
