Self-Storage Facility with Unit
For Sale
Contact for pricing
Pending
5604 Carmel Ave NE, Albuquerque, NM 87113
Existing drive-up storage and an approved plan for additional units.
Property SizeContact for details
Days on Market141
Property Features for 5604 Carmel Ave NE
General Information
Standard status
Pending
Property subtype
Self Storage
Listing Agency:
Cushman & Wakefield - Tampa, Florida
Listed By:
Luke Elliott · License #FL BK703476
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 8:01PM
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 Cushman & Wakefield - Tampa, Florida
Investment Insights
Based on property information with market context.
This self-storage facility occupies 5.3 acres in Albuquerque and contains 18,550 rentable square feet, 188 drive-up units, and 177 uncovered parking spaces contributing an additional 74,200 of rentable space. Constructed in 1985, the property is currently 85% physically occupied. An approved expansion opportunity would convert both large parking areas into climate-controlled storage and add 241 units.
The property is readily accessible from I-25 and is near Lowe’s, Target, Cabela’s, and several major shopping centers. Within a three-mile radius, the trade area includes just under 65,000 residents, median household income above $79,000, and five multifamily projects totaling 613 units under construction. More than 30% of residents in the trade area are renters. In-place rents are below Albuquerque market levels, providing an opportunity to adjust rents toward current market rates.
The property is readily accessible from I-25 and is near Lowe’s, Target, Cabela’s, and several major shopping centers. Within a three-mile radius, the trade area includes just under 65,000 residents, median household income above $79,000, and five multifamily projects totaling 613 units under construction. More than 30% of residents in the trade area are renters. In-place rents are below Albuquerque market levels, providing an opportunity to adjust rents toward current market rates.
Key Highlights
- 5.3‑acre self‑storage facility in Albuquerque, NM
- 18,550 rentable square feet with 188 drive‑up units
- 177 uncovered parking spaces add 74,200 of rentable space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 87113, NM
16,380
Population
7,155
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
1,099
Density / Sq Mi
$92,083
Median Household Income
$59,641
Median Earnings
$1,581
Median Rent
$362,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Existing drive-up storage and an approved plan for additional units.
Where is this self storage facility located?
The property is located at 5604 Carmel Ave NE Albuquerque, NM.
What are key features of this property?
This property features: 5.3‑acre self‑storage facility in Albuquerque, NM; 18,550 rentable square feet with 188 drive‑up units; 177 uncovered parking spaces add 74,200 of rentable space
