Warehouse with Attached
For Sale
$345,000
428 Chama Street SE, Albuquerque, NM 87108
Commercial Sale, Albuquerque, NM
Property Size3,000 SF
Lot Size0.16 Acres
Price / SF$115
Days on Market238
Property Features for 428 Chama Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ABQ City
Parking
6
Directions
Keep left at Interstate Highway 40 E/I-40 E toward Santa Rosa. In 4.8 mi Take exit 164 on the right onto Wyoming Blvd NE. In 0.2 mi Turn right onto Wyoming Blvd NE. In 1.1 mi Turn right onto Central Ave NE. In 1.0 mi Turn left onto Alcazar St SE. In 0.2 mi Turn left onto Zuni Rd SE. In 318 ft Turn left onto Zuni Rd SE. In 318 ft Turn right onto Chama St SE. In 413 ft You have arrived at Chama St SE. Your destination is on the left.
Subdivision
71 - Southeast Heights
Standard status
Active
APN
101905607348722121
Lot size
0.16 Acres
Additional Details
Property Use
Storage
Taxes and HOA fees
Tax Description
* 008 003EMIL MANN
Tax Annual Amount
2180
Legal Description
* 008 003EMIL MANN
Building Details
Floors in Building
1
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Hayley A McInnes · License #REC20260065
(575) 808-2830
Added: Mar 11
Changed: Oct 30
Last Checked: Nov 3 at 1:06AM
MLS# 1099733
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.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot warehouse has an open floor plan, a half bath, and an attached garage. Clear ceiling height is 10 feet, and the property is offered in as-is condition. The 0.16-acre parcel is zoned ABQ City.
Located at 428 Chama Street SE in Albuquerque, the property is in a neighborhood with locally owned businesses, restaurants, and shopping destinations.
Located at 428 Chama Street SE in Albuquerque, the property is in a neighborhood with locally owned businesses, restaurants, and shopping destinations.
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
$26,676
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,520
$533.5K
Cap Rate 7%
$381,086
$381.1K
Cap Rate 9%
$296,400
$296.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$41.0K $13.68/SF
− OpEx
−$14.4K −$4.79/SF
NOI
$26.7K $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%
$533,520
Cap Rate 7%
$381,086
Cap Rate 9%
$296,400
Alternative Uses
Best Use
Flex RnD
$381.1K
$333.5K – $444.6K
NOI $26,676 @ 7.0% cap · market cap 7.73%
Second Best
Warehouse
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 5.96%
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
875
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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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Sandcastle Self Storage — 327 Arizona St SE, Albuquerque, NM 87108
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- 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 - An open interior, half bath, and garage support storage or work-related use.
Where is this warehouse located?
The property is located at 428 Chama Street SE 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
