Remodeled Flex Space with
For Sale
$625,000
301 Wyoming Blvd NE, Albuquerque, NM 87123
Freestanding commercial property combines updated offices with garage and workshop space for vehicle-related operations.
Property Size3,778 SF
Price / SF$165.43
Days on Market410
Property Features for 301 Wyoming Blvd NE
General Information
Standard status
Active
Size
3,778 SF
Property subtype
Retail
Zoning
MX-M
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
1,708 SF
Office Build-Out
2,076 SF
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Buildings
1
Building Size
3,778 SF
Listing Agency:
Hanna Commercial, LLC
Listed By:
Richard Hanna · License #9158
(505) 332-0522
Source:
Carnm.resimplifi
Added: Sep 1, 2025
Changed: Oct 5
Last Checked: Oct 14 at 7:51PM
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 Hanna Commercial, LLC
Investment Insights
Based on property information with market context.
This freestanding flex property at 301 Wyoming Blvd NE contains 3,778 SF arranged between 2,076 SF of updated office space and 1,708 SF of garage and workshop area. The building has been remodeled and includes three roll-up doors, providing a practical connection between administrative space and work areas. A fenced yard is also available for overnight vehicle storage.
The property is positioned in Albuquerque’s Southeast Heights submarket with immediate access to I-40. It carries MX-M zoning and offers a combination of enclosed office, service-oriented workspace, and secured exterior storage. The site’s address is 301 Wyoming Blvd NE, Albuquerque, NM 87123.
The property is positioned in Albuquerque’s Southeast Heights submarket with immediate access to I-40. It carries MX-M zoning and offers a combination of enclosed office, service-oriented workspace, and secured exterior storage. The site’s address is 301 Wyoming Blvd NE, Albuquerque, NM 87123.
Key Highlights
- 3,778 SF freestanding flex property
- 2,076 SF of updated office space
- 1,708 SF of garage and workshop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,187
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,740
$1.0M
Cap Rate 7%
$716,957
$717.0K
Cap Rate 9%
$557,633
$557.6K
Market Conditions
NOI Build-Up for 3,778 SF
Gross rent
$81.6K $21.60/SF
− Vacancy
−$14.7K −$3.89/SF
EGI
$66.9K $17.71/SF
− OpEx
−$16.7K −$4.43/SF
NOI
$50.2K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,740
Cap Rate 7%
$716,957
Cap Rate 9%
$557,633
Alternative Uses
Best Use
Office B
$717.0K
$627.3K – $836.5K
NOI $50,187 @ 7.0% cap · market cap 8.03%
Second Best
Flex RnD
$479.9K
$419.9K – $559.9K
NOI $33,594 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$914.0K
$799.7K – $1.07M
NOI $63,978 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aramark — 9901 Southern Blvd SE, Albuquerque, NM 87123
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial property combines updated offices with garage and workshop space for vehicle-related operations.
Where is this flex space located?
The property is located at 301 Wyoming Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,778 SF freestanding flex property; 2,076 SF of updated office space; 1,708 SF of garage and workshop area
