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    Versatile Warehouses with Excellent Visibility Title is generated by Realmo AI

    528 Juan Tabo Boulevard NE, Albuquerque, NM 87123

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    For Lease
    $3,950/Mo $12 SF/Yr (calc)

    COMMERCIAL - Albuquerque, NM

    Property size:
    3,775 SF
    Lot size:
    0.23 Acres
    Added:
    May 29, 2026
    Days on Market:
    1
    Last Refresh:
    May 29 at 2:06 pm

    Property Features for 528 Juan Tabo Boulevard NE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    10
    Standard status
    Active
    APN
    102205701209130503
    Size
    3,775 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2208

    Building Details

    Floors in Building
    1
    Building materials
    Frame, MetalFrame, MetalSiding, Stucco

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    Listing Contact
    Johanna Lorenzo
    Johanna Lorenzo

    Listing agent Johanna Lorenzo License #20432

    Listing office Realty One of New Mexico P.O. Box 797, Albuquerque, NM

    Listing date May 29, 2026

    MLS# 1104392

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with outstanding visibility at Juan Tabo & I‑40.
    • Two separate warehouse buildings totaling 3,775 SF, suitable for various uses.
    • The South Warehouse features a brand‑new TPO roof and freshly painted floors.
    • Four total bay doors provide easy access for loading and unloading.
    • Fully fenced 0.23 acre lot offers security and ample space.
    • Includes 4 offices and 3 bathrooms.

    Overview

    This industrial property, situated on a fully fenced 0.23-acre lot, presents a versatile opportunity with excellent visibility near Juan Tabo and I-40. It features two separate warehouse buildings totaling 3,775 square feet, suitable for business, storage, distribution, contractor, or light industrial uses. The South Warehouse offers 2,810 square feet, a brand-new TPO roof, freshly painted floors, two bay doors, approximately 10-foot ceilings, office space, a utility sink, swamp cooler, furnace, and a metal carport covering one of the bay doors. The North warehouse consists of 965 square feet with two bay doors, approximately 12-foot ceilings, and a utility sink. Combined, the property includes four bay doors, four offices, and three bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    4 Hills Car ... Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Albuquerque Self Storage — 13041 Central Ave NE, Albuquerque, NM 87123
    • Four Hill Outdoor Storage — 12900 Central Ave SE, Albuquerque, NM 87123
    • Self Storage — 13031 central ave ne, albuquerque, nm 87123
    • Tijeras Self Storage — 201 Dorado Pl SE, Albuquerque, NM 87123
    • Extra Space Storage — 11930 Central Ave SE, Albuquerque, NM 87123

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.514718
    Latitude
    35.074773

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    FAQs

    What type of property is this?
    Warehouse - Two warehouse buildings on a fenced lot, ideal for various uses.
    Where is this warehouse located?
    The property is located at 528 Juan Tabo Boulevard NE Albuquerque, NM.
    What is the lease rate?
    The lease rate is $3,950 /Mo.
    What are key features of this property?
    This property features: Prime location with outstanding visibility at Juan Tabo & I‑40.; Two separate warehouse buildings totaling 3,775 SF, suitable for various uses.; The South Warehouse features a brand‑new TPO roof and freshly painted floors.
    (505) 980-8030
    We can help!
    Listing Contact
    Johanna Lorenzo
    Johanna Lorenzo
    Real Estate License ID: 20432
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    528 Juan Tabo Boulevard NE, Albuquerque, NM 87123
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