Industrial Warehouse with
For Sale
Contact for pricing
4421 Irving Blvd. NW, Albuquerque, NM 87114
Warehouse bay includes 9 overhead doors, 16-foot clear height, and a hard-wall office with exclusive parking.
Property Size6,967 SF
Price / SF$142.82
Days on Market120
Property Features for 4421 Irving Blvd. NW
General Information
Standard status
Active
Size
6,967 SF
Class
A
Total Parking Spaces
8
Property subtype
Industrial
Zoning
MX-M
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Amenities
shared conference room
fenced/gated access to parking
robust security system
Building Details
Year Built
2008
Construction
Distinctive office/warehouse architecture
Listing Agency:
NAI Sun Vista
Listed By:
Riley McKee · License #NM 50021AB
(505) 998-1656
Source:
Crexi
Added: May 11
Changed: Sep 3
Last Checked: Sep 7 at 7:37AM
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 NAI Sun Vista
Investment Insights
Based on property information with market context.
This offering features a self-contained chemical storage bay with approximately 16-foot clear height and 9 overhead doors. The space includes a hard-wall office and access to a shared conference room area. The property is supported by 3-phase, 250-amp power and is described as having a robust security system that conveys with the building.
The building provides one hard-wall office and an arrangement that supports both storage and light administrative use, along with access to shared conference facilities. Access to parking is fenced and gated.
Additional details include 8 exclusive parking spaces and a distinctive office/warehouse architecture.
The building provides one hard-wall office and an arrangement that supports both storage and light administrative use, along with access to shared conference facilities. Access to parking is fenced and gated.
Additional details include 8 exclusive parking spaces and a distinctive office/warehouse architecture.
Key Highlights
- Self‑contained chemical storage bay offers 16' clear height and 9 overhead doors
- Bay includes a hard‑wall office plus access to a shared conference room area
- Fenced/gated access with 8 exclusive parking spaces
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
$51,082
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
5.13%
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%
$1,021,640
$1.0M
Cap Rate 7%
$729,743
$729.7K
Cap Rate 9%
$567,578
$567.6K
Market Conditions
NOI Build-Up for 6,967 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
$83.6K $12.00/SF
− Vacancy
−$5.0K −$0.72/SF
EGI
$78.6K $11.28/SF
− OpEx
−$27.5K −$3.95/SF
NOI
$51.1K $7.33/SF
Area
ZIP 87114
Vacancy
6.00%
Lease Rate
$12.00 /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%
$1,021,640
Cap Rate 7%
$729,743
Cap Rate 9%
$567,578
Alternative Uses
Best Use
Flex RnD
$729.7K
$638.5K – $851.4K
NOI $51,082 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$678.7K
$593.8K – $791.8K
NOI $47,506 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,843 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87114, NM
69,402
Population
28,038
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
3,321
Density / Sq Mi
$81,768
Median Household Income
$48,127
Median Earnings
$1,321
Median Rent
$296,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse bay includes 9 overhead doors, 16-foot clear height, and a hard-wall office with exclusive parking.
Where is this flex space located?
The property is located at 4421 Irving Blvd. NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Self‑contained chemical storage bay offers 16' clear height and 9 overhead doors; Bay includes a hard‑wall office plus access to a shared conference room area; Fenced/gated access with 8 exclusive parking spaces
