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    Albuquerque Warehouse/Flex Space Available Title is generated by Realmo AI

    5620 Venice Avenue NE, Albuquerque, NM 87113

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    For Lease
    $2,950 /Mo

    COMMERCIAL - Albuquerque, NM

    Lot size:
    0.05 Acres
    Added:
    May 14, 2026
    Days on Market:
    13
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 5620 Venice Avenue NE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    3
    Parking features
    Assigned
    Standard status
    Active
    APN
    101806512528531401AH
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2283

    Utilities

    Heating system
    Baseboard

    Building Details

    Floors in Building
    1
    Building materials
    MetalFrame, Stucco

    We can help!

    Listing Contact
    Debrah Kemp
    Debrah Kemp

    Listing agent Debrah Kemp License #51040

    Listing office R1 Commercial 4121 Wyoming Blvd NE Suite #4, Albuquerque, NM

    Listing date May 14, 2026

    MLS# 1104213

    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

    • Highly desirable Northeast Heights location near I‑25 frontage road.
    • Versatile warehouse/flex space suitable for various businesses.
    • Combination of warehouse and office space with reception area and private office.
    • Open warehouse area with approximately 20' ceiling height and 10' x 12' roll‑up door.
    • Small fenced yard for additional outdoor storage.
    • Three assigned parking spaces.

    Overview

    This versatile warehouse/flex space is located in the Northeast Heights area within Venice Business Park. The property is situated near the I-25 frontage road. The space offers a combination of warehouse functionality and professional office space. The warehouse area features an approximate 20-foot ceiling height and a 10-foot by 12-foot roll-up door. The property also includes a reception/office area, a private office, and one restroom. A small fenced yard at the rear of the property provides additional outdoor storage or utility space. Three assigned parking spaces are included with the property. Zoned NR-LM (Non-Residential Light Manufacturing), the property is suitable for contractors, service businesses, light industrial, distribution, storage, or flex-space users seeking a functional space in the NE Heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Custom sights and sounds IT Consulting Firm Orthoproof USA Orthotics & Prosthetics Service The Beauty Garden Hair Salon Race Label Solutions ... Industrial Manufacturer Benchmark Wood Floors ... General Contractor

    Suggested Use

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

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

    Similar Places Nearby

    • Ogaga's African Kitchen and Catering Services — 6301 alameda blvd ne unit 2062, albuquerque, nm 87113

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.58218
    Latitude
    35.195336

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    FAQs

    What type of property is this?
    Flex space - Versatile warehouse/flex space in Northeast Heights, near I-25.
    Where is this flex space located?
    The property is located at 5620 Venice Avenue NE Albuquerque, NM.
    What is the lease rate?
    The lease rate is $2,950 /Mo.
    What are key features of this property?
    This property features: Highly desirable Northeast Heights location near I‑25 frontage road.; Versatile warehouse/flex space suitable for various businesses.; Combination of warehouse and office space with reception area and private office.
    (505) 290-0401
    We can help!
    Listing Contact
    Debrah Kemp
    Debrah Kemp
    Real Estate License ID: 51040
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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.

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