Two-Building Warehouse
For Sale
Contact for pricing
528 Juan Tabo Boulevard NE, Albuquerque, NM 87123
Two separate warehouse buildings provide a mix of office space, bay access, and on-site utility features.
Property Size3,775 SF
Lot Size0.23 Acres
Price / SF$1.05
Days on Market159
Property Features for 528 Juan Tabo Boulevard NE
General Information
Standard status
Active
Size
3,775 SF
Lot size
0.23 Acres
Property subtype
Warehouse
Site & Location
Neighborhood
Egc
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Property Use
Warehouse
Building Details
Buildings
2
Listing Agency:
Realty One of New Mexico
Listed By:
Johanna Lorenzo · License #20432
(505) 980-8030
Source:
1stclassrealtyofsantafe
Added: May 29
Changed: Nov 2
Last Checked: Nov 1 at 7:57PM
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 Realty One of New Mexico
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Investment Insights
Based on property information with market context.
This warehouse property comprises two buildings totaling 3,775 square feet on a 0.23-acre fully fenced lot. The 2,810-square-foot south building has two bay doors, approximately 10-foot ceilings, office space, a utility sink, swamp cooler, furnace, and a metal carport over one bay door. Its roof is new TPO, and the floors have been freshly painted. The 965-square-foot north building offers two bay doors, approximately 12-foot ceilings, and a utility sink.
Across the two buildings, the property has four bay doors, four offices, and three bathrooms. It is located at Juan Tabo Boulevard NE and I-40 in Albuquerque.
Across the two buildings, the property has four bay doors, four offices, and three bathrooms. It is located at Juan Tabo Boulevard NE and I-40 in Albuquerque.
Key Highlights
- Two warehouse buildings totaling 3,775 SF on a fully fenced 0.23‑acre lot
- South building: 2,810 SF, two bay doors, approximately 10' ceilings, and office space
- South building includes a new TPO roof, freshly painted floors, swamp cooler, furnace, and metal carport over one bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,500
$517.5K
Cap Rate 7%
$369,643
$369.6K
Cap Rate 9%
$287,500
$287.5K
Market Conditions
NOI Build-Up for 3,775 SF
Gross rent
$31.7K $8.40/SF
− Vacancy
−$1.3K −$0.34/SF
EGI
$30.4K $8.06/SF
− OpEx
−$4.6K −$1.21/SF
NOI
$25.9K $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 Rate 5%
$517,500
Cap Rate 7%
$369,643
Cap Rate 9%
$287,500
Alternative Uses
Best Use
Warehouse
$369.6K
$323.4K – $431.3K
NOI $25,875 @ 7.0% cap · market cap 655.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,927 @ 7.0% cap · market cap 1,618.41%
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
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87123, NM
44,110
Population
20,533
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
89%
High-School Grad
28.9 sq mi
ZIP Area
1,526
Density / Sq Mi
$61,552
Median Household Income
$35,867
Median Earnings
$995
Median Rent
$236,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Extra Space Storage — 11930 Central Ave SE, Albuquerque, NM 87123
- Self Storage — 13031 central ave ne, albuquerque, nm 87123
Frequently Asked Questions
What type of property is this?
Warehouse - Two separate warehouse buildings provide a mix of office space, bay access, and on-site utility features.
Where is this warehouse located?
The property is located at 528 Juan Tabo Boulevard NE Albuquerque, NM.
What are key features of this property?
This property features: Two warehouse buildings totaling 3,775 SF on a fully fenced 0.23‑acre lot; South building: 2,810 SF, two bay doors, approximately 10' ceilings, and office space; South building includes a new TPO roof, freshly painted floors, swamp cooler, furnace, and metal carport over one bay
