Industrial Warehouse with Loading
For Sale
$825,000
3115 Claremont Avenue NE, Albuquerque, NM 87109
COMMERCIAL - Albuquerque, NM
Property Size5,400 SF
Lot Size0.33 Acres
Price / SF$152.78
Days on Market43
Property Features for 3115 Claremont Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
NR-C*
Parking
4
Directions
Going eastbound on I-40, exit onto Carlisle and make a left. Turn left onto Claremont Ave NE. The destination will be on your right - 3115 Claremont Ave NE.
Subdivision
41 - Uptown
Standard status
Active
APN
101605934841210408
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
4971
Building Details
Floors in Building
1
Listing Agency:
Coldwell Banker Legacy · Coldwell Banker Real Estate
(505) 292-8900
Listed By:
Nichole M. Bronstorp · License #REC20240538
(505) 209-1246
Added: Jul 11
Changed: Aug 19
Last Checked: Aug 22 at 10:06AM
MLS# 1107091
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3115 Claremont Avenue NE, this 5,400-square-foot industrial warehouse sits on an established commercial corridor. The building includes a loading dock and 2 roll-up doors, with 3-phase electric service and drive-around access supporting warehouse, distribution, storage, contractor, manufacturing, and service uses.
The property is designated within an Opportunity Zone and offers access to I-25, I-40, and the Big I. NR-C zoning provides the stated land-use designation for this industrial property.
The property is designated within an Opportunity Zone and offers access to I-25, I-40, and the Big I. NR-C zoning provides the stated land-use designation for this industrial property.
Key Highlights
- 5,400 SF industrial warehouse
- Loading dock and 2 roll‑up doors
- 3‑phase electric service
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
$48,017
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
5.82%
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%
$960,340
$960.3K
Cap Rate 7%
$685,957
$686.0K
Cap Rate 9%
$533,522
$533.5K
Market Conditions
NOI Build-Up for 5,400 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
$77.8K $14.40/SF
− Vacancy
−$3.9K −$0.72/SF
EGI
$73.9K $13.68/SF
− OpEx
−$25.9K −$4.79/SF
NOI
$48.0K $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%
$960,340
Cap Rate 7%
$685,957
Cap Rate 9%
$533,522
Alternative Uses
Best Use
Flex RnD
$686.0K
$600.2K – $800.3K
NOI $48,017 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,446 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Midtown Self Storage LLC — 4339 Cutler Ave NE, Albuquerque, NM 87110
- Self Storage — 3301a Menaul Blvd NE, Albuquerque, NM 87107
Frequently Asked Questions
What type of property is this?
Warehouse - NR-C zoning, three-phase power, and drive-around access support a range of commercial operations.
Where is this warehouse located?
The property is located at 3115 Claremont Avenue NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,400 SF industrial warehouse; Loading dock and 2 roll‑up doors; 3‑phase electric service
