High-Visibility Flex Industrial
For Sale
Contact for pricing
2513 Comanche Road Northeast, Albuquerque, NM 87107
High-visibility flex industrial space available for sale or lease near Interstate 25 in Albuquerque.
Property Size32,167 SF
Price / SF$132.12
Days on Market53
Property Features for 2513 Comanche Road Northeast
General Information
Standard status
Active
Size
32,167 SF
Total Parking Spaces
39
Property subtype
Retail, Industrial
Zoning
NR-LM
Building Details
Year Built
1984
Buildings
1
Units
3
Listing Agency:
Johnson Commercial Real Estate
Listed By:
Erick Johnson · License #NM 19234 QB
(505) 831-3333
Source:
Crexi
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 31 at 8:16PM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This high-visibility flex industrial property is offered for sale or lease. The listing indicates spaces are available for lease, providing flexibility for a range of industrial and flex-style tenant needs.
The property is located at 2513 Comanche Road NE in Albuquerque, near Interstate 25, supporting straightforward access to the surrounding area.
As presented, the offering includes a single address with on-site flex/industrial configuration suitable for tenants seeking a prominent, road-accessible location.
The property is located at 2513 Comanche Road NE in Albuquerque, near Interstate 25, supporting straightforward access to the surrounding area.
As presented, the offering includes a single address with on-site flex/industrial configuration suitable for tenants seeking a prominent, road-accessible location.
Key Highlights
- Industrial/flex space built in 1984
- High‑visibility industrial space for sale or lease
- Located at 2513 Comanche Rd NE in Albuquerque
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
$286,029
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
6.73%
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%
$5,720,580
$5.7M
Cap Rate 7%
$4,086,129
$4.1M
Cap Rate 9%
$3,178,100
$3.2M
Market Conditions
NOI Build-Up for 32,167 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
$463.2K $14.40/SF
− Vacancy
−$23.2K −$0.72/SF
EGI
$440.0K $13.68/SF
− OpEx
−$154.0K −$4.79/SF
NOI
$286.0K $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%
$5,720,580
Cap Rate 7%
$4,086,129
Cap Rate 9%
$3,178,100
Alternative Uses
Best Use
Flex RnD
$4.09M
$3.58M – $4.77M
NOI $286,029 @ 7.0% cap · market cap 6.73%
Second Best
Industrial
$2.76M
$2.42M – $3.23M
NOI $193,533 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$7.78M
$6.81M – $9.08M
NOI $544,729 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Gourmet To Go Catering — 4003 Carlisle Blvd NE, Albuquerque, NM 87107
Frequently Asked Questions
What type of property is this?
Flex space - High-visibility flex industrial space available for sale or lease near Interstate 25 in Albuquerque.
Where is this flex space located?
The property is located at 2513 Comanche Road Northeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Industrial/flex space built in 1984; High‑visibility industrial space for sale or lease; Located at 2513 Comanche Rd NE in Albuquerque
