Flex Space With
2906 4th Street Northwest, Albuquerque, NM 87107
For Sale
Contact for pricing
Mixed-use commercial property with warehouse, display, storage, and office configurations along 4th Street Northwest.
Property Size15,341 SF
Price / SF$224.89
Days on Market99
Property Features for 2906 4th Street Northwest
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Buildings
Tenancy
Listing Agency:
Berkshire Hathaway New Mexico Commercial Division
Listed By:
Christian File · License NM #51587
(505) 235-8518
Source:
Crexi
Added: Aug 4
Changed: Nov 2
Last Checked: Nov 10 at 7:35AM
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 property comprises four buildings totaling approximately 15,341 square feet on approximately 0.62 acres. The improvements combine warehouse and showroom areas with a two-story component, multiple storage rooms, covered storage and patio areas totaling approximately 3,613 square feet, and three overhead garage doors. Interior configurations can accommodate retail display, inventory storage, production, office, or distribution functions.
Located at 2906 4th Street Northwest, the property is zoned MX-M and fronts 4th Street NW. Access to I-25 and I-40 connects the site with Downtown Albuquerque, Old Town, Los Ranchos, and the broader Albuquerque metropolitan area. The address supports a range of commercial operations requiring customer access, storage, and flexible workspace.
Located at 2906 4th Street Northwest, the property is zoned MX-M and fronts 4th Street NW. Access to I-25 and I-40 connects the site with Downtown Albuquerque, Old Town, Los Ranchos, and the broader Albuquerque metropolitan area. The address supports a range of commercial operations requiring customer access, storage, and flexible workspace.
Key Highlights
- Approximately 15,341 square feet across four buildings
- Approximately 0.62‑acre site with MX‑M zoning
- Approximately 3,613 square feet of covered storage and patio areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,519
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,410,380
$4.4M
Cap Rate 7%
$3,150,271
$3.2M
Cap Rate 9%
$2,450,211
$2.5M
Market Conditions
NOI Build-Up for 15,341 SF
Gross rent
$340.6K $22.20/SF
− Vacancy
−$25.5K −$1.67/SF
EGI
$315.0K $20.54/SF
− OpEx
−$94.5K −$6.16/SF
NOI
$220.5K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,410,380
Cap Rate 7%
$3,150,271
Cap Rate 9%
$2,450,211
Alternative Uses
Best Use
Retail
$3.15M
$2.76M – $3.68M
NOI $220,519 @ 7.0% cap · market cap 6.39%
Second Best
Flex RnD
$1.95M
$1.71M – $2.27M
NOI $136,412 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$3.71M
$3.25M – $4.33M
NOI $259,791 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use commercial property with warehouse, display, storage, and office configurations along 4th Street Northwest.
Where is this flex space located?
The property is located at 2906 4th Street Northwest Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Approximately 15,341 square feet across four buildings; Approximately 0.62‑acre site with MX‑M zoning; Approximately 3,613 square feet of covered storage and patio areas
