Upgraded Cannabis Flex
For Sale
$700,000
3804 Montgomery Blvd NE, Albuquerque, NM 87109
Upgraded cannabis-focused flex facility offered with a sale-leaseback structure and MX-M zoning.
Property Size3,486 SF
Price / SF$200.80
Days on Market155
Property Features for 3804 Montgomery Blvd NE
General Information
Standard status
Active
Size
3,486 SF
Total Parking Spaces
35
Property subtype
Investment
Zoning
MX-M
Amenities
Power
Water
Sewer
35 Parking Spaces
Building Details
Year Built
1984
Listing Agency:
Weichert, Realtors - Image
Listed By:
Anthony Marino · License #53825
(505) 322-8521
Source:
Carnm.resimplifi
Added: May 13
Changed: Oct 2
Last Checked: Oct 12 at 4:40PM
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 Weichert, Realtors - Image
Investment Insights
Based on property information with market context.
This cannabis-focused flex facility contains 3,486 square feet and has undergone a full upgrade. The property was built in 1984 and is identified under MX-M zoning. It is being offered for sale with a leaseback structure, creating a transaction format suited to investors evaluating an operating-property arrangement. The asset is located at 3804 Montgomery Blvd NE in Albuquerque, New Mexico. An implied 10% capitalization rate is associated with the offering.
Key Highlights
- 3,486‑square‑foot cannabis‑focused flex facility
- Fully upgraded building
- Sale‑leaseback structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,998
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,960
$620.0K
Cap Rate 7%
$442,829
$442.8K
Cap Rate 9%
$344,422
$344.4K
Market Conditions
NOI Build-Up for 3,486 SF
Gross rent
$50.2K $14.40/SF
− Vacancy
−$2.5K −$0.72/SF
EGI
$47.7K $13.68/SF
− OpEx
−$16.7K −$4.79/SF
NOI
$31.0K $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 Rate 5%
$619,960
Cap Rate 7%
$442,829
Cap Rate 9%
$344,422
Alternative Uses
Best Use
Flex RnD
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 4.43%
Second Best
Industrial
$299.6K
$262.2K – $349.6K
NOI $20,974 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$843.3K
$737.9K – $983.9K
NOI $59,033 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Cannabis property - Upgraded cannabis-focused flex facility offered with a sale-leaseback structure and MX-M zoning.
Where is this cannabis property located?
The property is located at 3804 Montgomery Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,486‑square‑foot cannabis‑focused flex facility; Fully upgraded building; Sale‑leaseback structure
