Flex Space with Office
For Sale
Contact for pricing
2500 2nd St. SW, Albuquerque, NM 87102
M-1 zoning, multiple power services, and separate utility meters support a range of operational configurations.
Property Size13,571 SF
Lot Size1.04 Acres
Price / SF$135
Days on Market11
Property Features for 2500 2nd St. SW
General Information
Standard status
Active
Size
13,571 SF
Lot size
1.04 Acres
Property subtype
Industrial, Office
Zoning
M-1
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
2,245 SF
Drive-In Doors
3
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Building Size
13,571 SF
Listing Agency:
Berkshire Hathaway New Mexico Commercial Division
Listed By:
Christian File · License #51587
(505) 289-0549
Source:
Crexi
Added: Sep 16
Changed: Sep 24
Last Checked: Sep 26 at 3:48AM
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 Berkshire Hathaway New Mexico Commercial Division
Investment Insights
Based on property information with market context.
This flex facility combines warehouse and operational space with a 2,245-square-foot Class A office and showroom area. The building totals 13,571 square feet on 1.04 acres and includes three 12-foot-by-12-foot grade-level roll-up doors, 16-foot clear heights, and three separate three-phase power banks. Multiple utility meters serve the property.
Located at 2500 2nd St. SW in Albuquerque, the property is zoned M-1. Its combination of office and warehouse areas provides distinct front-of-house and work spaces within one facility.
Located at 2500 2nd St. SW in Albuquerque, the property is zoned M-1. Its combination of office and warehouse areas provides distinct front-of-house and work spaces within one facility.
Key Highlights
- 13,571 SF building on 1.04 acres
- 2,245 SF Class A office and showroom component
- Three 12' x 12' grade‑level roll‑up doors
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
$120,673
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
6.59%
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%
$2,413,460
$2.4M
Cap Rate 7%
$1,723,900
$1.7M
Cap Rate 9%
$1,340,811
$1.3M
Market Conditions
NOI Build-Up for 13,571 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
$195.4K $14.40/SF
− Vacancy
−$9.8K −$0.72/SF
EGI
$185.7K $13.68/SF
− OpEx
−$65.0K −$4.79/SF
NOI
$120.7K $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%
$2,413,460
Cap Rate 7%
$1,723,900
Cap Rate 9%
$1,340,811
Alternative Uses
Best Use
Flex RnD
$1.72M
$1.51M – $2.01M
NOI $120,673 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $93,021 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,817 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Royal Empire Catering in Albuquerque, NM — 335 Woodward Rd SE, Albuquerque, NM 87102
- Black Tie Catering — 318 Isleta Blvd SW, Albuquerque, NM 87105
- Buen Provecho ABQ — 318 Isleta Blvd SW, Albuquerque, NM 87105
- The Munchie Truck — 318 Isleta Blvd SW, Albuquerque, NM 87105
- Her & I Catering LLC — 318 Isleta Blvd SW Suite 320, Albuquerque, NM 87105
Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoning, multiple power services, and separate utility meters support a range of operational configurations.
Where is this flex space located?
The property is located at 2500 2nd St. SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,832,085.
What are key features of this property?
This property features: 13,571 SF building on 1.04 acres; 2,245 SF Class A office and showroom component; Three 12' x 12' grade‑level roll‑up doors
