Owner-User Industrial
For Sale
Contact for pricing
2645 Baylor Drive, Albuquerque, NM 87106
Vacant-at-closing industrial facility with warehouse, office buildout, secured yard, and loading infrastructure for immediate occupancy or lease-up.
Property Size31,847 SF
Price / SF$119.32
Days on Market132
Property Features for 2645 Baylor Drive
General Information
Standard status
Active
Size
31,847 SF
Property subtype
Industrial
Zoning
NR-LM (buyer to verify)
Investment Type
Institutional
Building Details
Year Built
1960
Listing Agency:
Hughes Marino
Listed By:
Alex Foley · License #700145
Source:
Crexi
Added: Jun 5
Changed: Oct 11
Last Checked: Oct 12 at 8:26PM
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 Hughes Marino
Investment Insights
Based on property information with market context.
This owner-user industrial facility combines functional warehouse and distribution space with an office buildout, supported by loading infrastructure. The property also includes secured yard components, providing a more controlled area for industrial operations that require outside storage or staging.
Set on approximately 3.06 acres, the site offers strong frontage and visibility along Gibson Boulevard SE. Access is provided to major regional transportation routes, with convenient connections to I-25, I-40, and Albuquerque International Sunport.
The available vacant condition at closing supports an immediate move-in for an owner-user or a straightforward lease-up plan for an investor. With a layout that accommodates both warehouse activity and office use, the property can be a practical fit for a range of industrial tenants seeking a site that already includes office support, secured yard space, and established loading capabilities.
Set on approximately 3.06 acres, the site offers strong frontage and visibility along Gibson Boulevard SE. Access is provided to major regional transportation routes, with convenient connections to I-25, I-40, and Albuquerque International Sunport.
The available vacant condition at closing supports an immediate move-in for an owner-user or a straightforward lease-up plan for an investor. With a layout that accommodates both warehouse activity and office use, the property can be a practical fit for a range of industrial tenants seeking a site that already includes office support, secured yard space, and established loading capabilities.
Key Highlights
- Vacant at closing industrial facility for immediate occupancy or lease‑up
- Functional warehouse/distribution space with office buildout and secured yard components
- Loading infrastructure suitable for a variety of industrial users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,184
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,680
$5.7M
Cap Rate 7%
$4,045,486
$4.0M
Cap Rate 9%
$3,146,489
$3.1M
Market Conditions
NOI Build-Up for 31,847 SF
Gross rent
$458.6K $14.40/SF
− Vacancy
−$22.9K −$0.72/SF
EGI
$435.7K $13.68/SF
− OpEx
−$152.5K −$4.79/SF
NOI
$283.2K $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%
$5,663,680
Cap Rate 7%
$4,045,486
Cap Rate 9%
$3,146,489
Alternative Uses
Best Use
Flex RnD
$4.05M
$3.54M – $4.72M
NOI $283,184 @ 7.0% cap · market cap 7.45%
Second Best
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,292 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$7.70M
$6.74M – $8.99M
NOI $539,310 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant-at-closing industrial facility with warehouse, office buildout, secured yard, and loading infrastructure for immediate occupancy or lease-up.
Where is this flex space located?
The property is located at 2645 Baylor Drive Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Vacant at closing industrial facility for immediate occupancy or lease‑up; Functional warehouse/distribution space with office buildout and secured yard components; Loading infrastructure suitable for a variety of industrial users
