Warehouse with Attached
For Sale
$345,000
428 Chama St, Albuquerque, NM 87108
Open interior, 10-foot ceilings, and a half bath support storage or work-related use.
Property Size3,000 SF
Price / SF$115
Days on Market252
Property Features for 428 Chama St
General Information
Standard status
Active
Size
3,000 SF
Property Condition
Severity
Repairs Needed
Evidence
handyman special
Site & Location
Neighborhood
Tva
Additional Details
Clear Height
10 ft
Building Details
Building Size
3,000 SF
Listing Agency:
Realty One of New Mexico
Listed By:
Hayley A McInnes · License #REC20260065
(575) 808-2830
Source:
Albuquerquehomefinders
Added: Feb 25
Changed: Nov 1
Last Checked: Nov 1 at 6:02AM
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 Realty One of New Mexico
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Investment Insights
Based on property information with market context.
This 3,000-square-foot warehouse has an open floor plan, 10-foot clear ceilings, a half bath, and an attached garage. The space is being sold in as-is condition and is described as suitable for storage or work use.
Locally owned businesses, restaurants, and shopping locations are present in the surrounding neighborhood.
Locally owned businesses, restaurants, and shopping locations are present in the surrounding neighborhood.
Key Highlights
- 3,000‑square‑foot building with an open floor plan
- 10‑foot clear ceilings
- Attached garage and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,563
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,260
$411.3K
Cap Rate 7%
$293,757
$293.8K
Cap Rate 9%
$228,478
$228.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$25.2K $8.40/SF
− Vacancy
−$1.0K −$0.34/SF
EGI
$24.2K $8.06/SF
− OpEx
−$3.6K −$1.21/SF
NOI
$20.6K $6.85/SF
Area
Albuquerque, NM
Vacancy
4.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,260
Cap Rate 7%
$293,757
Cap Rate 9%
$228,478
Alternative Uses
Best Use
Warehouse
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Sandcastle Self Storage — 327 Arizona St SE, Albuquerque, NM 87108
- Express Storage Units — 201 San Pedro Dr SE, Albuquerque, NM 87108
- CubeSmart Self Storage — 7440 Central Ave SE, Albuquerque, NM 87108
- A-1 Self Storage — 7610 Central Ave SE, Albuquerque, NM 87108
- Self-Storage at U-Haul — 6401 Central Ave NE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Warehouse - Open interior, 10-foot ceilings, and a half bath support storage or work-related use.
Where is this warehouse located?
The property is located at 428 Chama St Albuquerque, NM.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 3,000‑square‑foot building with an open floor plan; 10‑foot clear ceilings; Attached garage and half bath
