601 Aspen Avenue NW Albuquerque, NM 87106
LAND - Albuquerque, NM
Property Features for 601 Aspen Avenue NW
General Information
- Property type
- Land
- Property subtype
- Other
- Parking
- 5
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 101405818251824207
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- lot 1-A, Block 5 ives addition being comprised of lots 1 thru 4, Block 5 Ives addition
- Tax Annual Amount
- 1350
Building Details
- Floors in Building
- 1
- Building materials
- MetalFrame
Listing agent David Liotta License #19255 (505) 401-5424
Listing office Helix Real Estate Group www.HelixREG.com, Albuquerque, NM (505) 401-5424
Listing date Apr 22, 2026
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.
Investment Insights
Based on property information with market context.
The site is located at 601 Aspen Avenue NW in Albuquerque and is identified as a corner parcel at 6th & Aspen. The lot size is listed as approximately 0.31 acres, offering a compact footprint for a streamlined development approach.
Zoned NR-LM (Non-Residential Light Manufacturing), the property supports a range of non-residential light manufacturing and related uses consistent with the zoning designation. This setup may fit owner-users and investors looking for a permitted, build-ready project that includes an existing prefabricated office/warehouse. The seller indicates it is possible to have the project built by their team or to bring a contractor of your choice.
Key Highlights
- .33‑acre corner lot at 6th & Aspen (601 Aspen Ave NW), flat and cleared and ready to build immediately
- Includes a 60' x 80' (4,800 SF) prefabricated office/warehouse with 21' peak height
- Fully approved City of Albuquerque plans and permits are already in place
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $8.40 |
| − Vacancy | −$1.6k | −$0.34 |
| EGI | $38.7k | $8.06 |
| − OpEx | −$5.8k | −$1.21 |
| NOI | $32.9k | $6.85 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Albuquerque Commissary Kitchen — 1601 4th St NW, Albuquerque, NM 87102
- High Mountain Cusine Catering — 1807 2nd St NW Studio 61, Santa Fe, NM 87505
- ABQ Ice Cream — 1601 4th St NW, Albuquerque, NM 87102
- Southwest Savories Aviation Catering LLC — 616 Lomas Blvd NW Suite C, Albuquerque, NM 87102
