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    Albuquerque Warehouse with Short-Term Leases Title is generated by Realmo AI

    4516 2nd St NW, Albuquerque, NM

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    Warehouse property in Albuquerque available for investment or owner-user.

    Type:INDUSTRIAL
    Property size:
    12,200 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $135/SF
    Added:
    Mar 26, 2025
    Days on Market:
    440
    Last Refresh:
    May 20 at 9:40 pm

    Property Features for 4516 2nd St NW

    General Information

    Standard status
    Active
    Size
    12,200 SF
    Lot size
    0.62 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Brandon Saylor CCIM
    Brandon Saylor CCIM

    Listing agent Brandon Saylor CCIM

    Listing office Base 5 Retail Partners

    Listing date Mar 26, 2025

    Source Moodyscre

    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 Base 5 Retail Partners

    HighLights

    • Investment property with existing short‑term leases.
    • Opportunity for owner‑user after phasing out tenants.
    • Flexible purchase options: investment or owner‑user.
    • Rented property.
    • Short term leases in place.
    • Buyer has options.

    Overview

    This 12,200 square foot warehouse property is located in Albuquerque, NM. The property is currently rented with short-term leases in place. A buyer has the option to purchase the property as an investment and continue leasing, or phase out the tenants for an owner-user situation. The property can be used for warehouses and industrial purposes.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $102.5k $8.40
    − Vacancy −$4.1k −$0.34
    EGI $98.4k $8.06
    − OpEx −$14.8k −$1.21
    NOI $83.6k $6.85
    12,200 SF · lease $8.40/SF/yr · vacancy 4.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.19M
    $1.05M – $1.39M (±1% cap)
    NOI $83,624 @ 7.0% cap · market cap 5.07%
    Second Best
    Industrial
    $1.05M
    $917.5K – $1.22M (±1% cap)
    NOI $73,401 @ 7.0% cap · market cap 4.45%
    Theoretical Best
    Office A
    $2.95M
    $2.58M – $3.44M (±1% cap)
    NOI $206,600 @ 7.0% cap · market cap 12.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Irvin's Diesel Medics Auto Repair Shop Casas Iron Works General Contractor Chavez Auto Body ... Auto Repair Shop HVAC & Plumbing Albuquerque HVAC Service Oxidation RV Repair ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Edith RV Storage — 5408 Edith Blvd NE, Albuquerque, NM 87107
    • Premier Mega RV Storage — 5134 2nd St NW, Albuquerque, NM 87107
    • IN Self Storage - ABQ North — 5124 2nd St NW, Albuquerque, NM 87107
    • Express Storage Units - Cheap Self Storage Near You — 5230 4th St NW, Albuquerque, NM 87107
    • Door to Door Storage — 801 Comanche NE, Doc 20, Albuquerque, NM 87107

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.639
    Latitude
    35.1287

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    FAQs

    What type of property is this?
    Warehouse - Warehouse property in Albuquerque available for investment or owner-user.
    Where is this warehouse located?
    The property is located at 4516 2nd St NW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Investment property with existing short‑term leases.; Opportunity for owner‑user after phasing out tenants.; Flexible purchase options: investment or owner‑user.
    (505) 350-0296 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Saylor CCIM
    Brandon Saylor CCIM
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