Multi-Building Warehouse with
For Sale
Contact for pricing
500 Broadway Blvd SE, Albuquerque, NM 87102
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 Market193
Property Features for 500 Broadway Blvd SE
General Information
Standard status
Active
Size
53,245 SF
Total Parking Spaces
43
Property subtype
Industrial, Mixed Use
Zoning
NR-C
Warehouse & Industrial
Clear Height
21 ft
Heavy Power
Yes
Listing Agency:
NAI Sun Vista
Listed By:
Todd Strickland · License #NM
(505) 998-5735
Source:
Crexi
Added: Feb 26
Changed: Aug 23
Last Checked: Sep 7 at 8:35AM
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
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
$364,963
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
7.62%
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%
$7,299,260
$7.3M
Cap Rate 7%
$5,213,757
$5.2M
Cap Rate 9%
$4,055,144
$4.1M
Market Conditions
NOI Build-Up for 53,245 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
$447.3K $8.40/SF
− Vacancy
−$17.9K −$0.34/SF
EGI
$429.4K $8.06/SF
− OpEx
−$64.4K −$1.21/SF
NOI
$365.0K $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 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%
$7,299,260
Cap Rate 7%
$5,213,757
Cap Rate 9%
$4,055,144
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
4,324
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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
