Multi-Building Warehouse with
500 Broadway Blvd SE Albuquerque, NM 87102
500 Broadway Blvd SE, Albuquerque, NM, 87102
Contact for pricing
For Sale
Contact for pricing
Multi-building warehouse offers ceiling heights up to 21 feet and updated 3-phase power, plus additional parking across Broadway.
Property Size53,245 SF
Price / SF$90
Days on Market146
Property Features for 500 Broadway Blvd SE
General Information
- Standard status
- Active
- Size
- 53,245 SF
- Property subtype
- Industrial, Mixed Use
Listing agency
NAI Sun Vista
(505) 998-5735
Listed by
Todd Strickland · License #NM
Source
Crexi
Added: Feb 26 Updated: Jul 21 at 7:23AM Checked: Jul 21 at 7:23AM
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 for-sale warehouse property includes multiple buildings with ceiling heights ranging from 12 feet 5 inches up to 21 feet. Power has been updated with new 3-phase service, including 800 amps at Buildings 1 and 2, and 400 amps at Buildings 3 and 5 and 6/7.
The property also includes extra parking across Broadway, providing 43 additional parking spaces for on-site operations and visitors.
Overall, the combination of varied ceiling heights and modern 3-phase power supports a range of warehouse storage and distribution configurations within the existing multi-building layout.
The property also includes extra parking across Broadway, providing 43 additional parking spaces for on-site operations and visitors.
Overall, the combination of varied ceiling heights and modern 3-phase power supports a range of warehouse storage and distribution configurations within the existing multi-building layout.
Key Highlights
- Multi‑building warehouse with ceiling heights ranging from 12'-5" to 21'2"
- Updated 3‑phase power: 800 amps at Bldgs 1 & 2 and 400 amps at Bldgs 3, 5, and 6/7
- Extra parking across Broadway: 43 additional parking spaces
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 | $447.3k | $8.40 |
| − Vacancy | −$17.9k | −$0.34 |
| EGI | $429.4k | $8.06 |
| − OpEx | −$64.4k | −$1.21 |
| NOI | $365.0k | $6.85 |
53,245 SF · lease $8.40/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.21M
$4.56M – $6.08M
NOI $364,963 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.88M
$11.27M – $15.03M
NOI $901,672 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quality Foods
Big Box & Wholesale Store
Creamland Dairies Inc
Production Facility
Zero Debt Bottling ...
Association Or Organization
New Mexico Film ...
Film Production
PDR Mobile Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Self Storage — 300 central ave sw, albuquerque, nm 87102
- Prime-Self — 214 Copper Ave NW, Albuquerque, NM 87102
- Zippy Shell — 3300 2nd St NW Suite B, Albuquerque, NM 87105
- Nearby Storage Units - Albuquerque, NM — 100 central ave sw, albuquerque, nm 87102
- Cheap Self storage — 401 2nd St NW, Albuquerque, NM 87102
FAQs
What type of property is this?
Warehouse - Multi-building warehouse offers ceiling heights up to 21 feet and updated 3-phase power, plus additional parking across Broadway.
Where is this warehouse located?
The property is located at 500 Broadway Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,792,050.
What are key features of this property?
This property features: Multi‑building warehouse with ceiling heights ranging from 12'-5" to 21'2"; Updated 3‑phase power: 800 amps at Bldgs 1 & 2 and 400 amps at Bldgs 3, 5, and 6/7; Extra parking across Broadway: 43 additional parking spaces
