Industrial Warehouse with Fenced
For Sale
$1,800,000
601 Haines Ave NW, Albuquerque, NM 87102
Fenced industrial facility with loading access, overhead crane, three-phase power, and a mezzanine above the office area.
Property Size19,020 SF
Lot Size2.00 Acres
Price / SF$94.74
Days on Market78
Property Features for 601 Haines Ave NW
General Information
Standard status
Active
Size
19,020 SF
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
NR-LM
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
17,000 SF
Office Build-Out
2,000 SF
Dock-High Doors
1
Drive-In Doors
1
Three-Phase Power
Yes
Building Details
Building Size
19,020 SF
Listing Agency:
RESOLUT RE
(505) 337-0777
Listed By:
Billy Lehmann · License #20240120
(505) 337-0777
Source:
Carnm.resimplifi
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 31 at 12:44PM
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 RESOLUT RE
Investment Insights
Based on property information with market context.
This industrial warehouse includes office space, a full mezzanine above the offices, and multiple loading configurations for freight and equipment movement. Access includes front-facing roll-up doors, a dock-high door, and a rear roll-up door; the primary drive-in opening measures 14' x 16'. The facility also has an overhead bridge crane, three-phase power, and up to 20 feet of clear height.
The fenced yard can be entered from Haines Ave and Bezemek Ave, with circulation on both sides of the building and additional rear street frontage. The property is zoned NR-LM and sits near Interstate 40, Interstate 25, and the 6th Street interchange. Its established industrial surroundings include manufacturers, distributors, service providers, and industrial suppliers, while Downtown Albuquerque is only minutes away.
The fenced yard can be entered from Haines Ave and Bezemek Ave, with circulation on both sides of the building and additional rear street frontage. The property is zoned NR-LM and sits near Interstate 40, Interstate 25, and the 6th Street interchange. Its established industrial surroundings include manufacturers, distributors, service providers, and industrial suppliers, while Downtown Albuquerque is only minutes away.
Key Highlights
- Industrial warehouse with fenced yard and access from Haines Ave and Bezemek Ave
- Four loading points, including dock‑high, front roll‑up, and rear roll‑up access
- 14' x 16' primary drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,604,680
$2.6M
Cap Rate 7%
$1,860,486
$1.9M
Cap Rate 9%
$1,447,044
$1.4M
Market Conditions
NOI Build-Up for 19,000 SF
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.
Gross rent
$159.6K $8.40/SF
− Vacancy
−$6.4K −$0.34/SF
EGI
$153.2K $8.06/SF
− OpEx
−$23.0K −$1.21/SF
NOI
$130.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,604,680
Cap Rate 7%
$1,860,486
Cap Rate 9%
$1,447,044
Alternative Uses
Best Use
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,234 @ 7.0% cap · market cap 7.24%
Second Best
Industrial
$1.63M
$1.43M – $1.91M
NOI $114,314 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$4.60M
$4.02M – $5.36M
NOI $321,754 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Los Poblanos Warehouse — Albuquerque, NM 87102
- ProRelo Bekins Moving and Storage — 1600 1st St NW, Albuquerque, NM 87102
- Extra Space Storage — 1901 8th St NW, Albuquerque, NM 87102
- Self-Storage at U-Haul — 2217 4th St NW, Albuquerque, NM 87102
- Self-Storage at U-Haul — 2201 6th St NW, Albuquerque, NM 87102
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial facility with loading access, overhead crane, three-phase power, and a mezzanine above the office area.
Where is this warehouse located?
The property is located at 601 Haines Ave NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Industrial warehouse with fenced yard and access from Haines Ave and Bezemek Ave; Four loading points, including dock‑high, front roll‑up, and rear roll‑up access; 14' x 16' primary drive‑in door
