Flex Space with Office
2500 2nd St. SW, Albuquerque, NM 87102
For Sale
Contact for pricing
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 Market56
Property Features for 2500 2nd St. SW
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Three-Phase Power
Building Details
Building Size
Listing Agency:
Berkshire Hathaway New Mexico Commercial Division
Listed By:
Christian File · License NM #51587
(505) 235-8518
Source:
Crexi
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 10 at 7:09AM
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
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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 / Yr
$120,673
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
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
