Industrial Property with Fenced
For Sale
Contact for pricing
6010 Midway Park Blvd NE, Albuquerque, NM
Industrial property featuring fenced storage and roll-up door.
Property Size4,527 SF
Lot Size50.44 Acres
Price / SF$135.85
Days on Market512
Property Features for 6010 Midway Park Blvd NE
General Information
Standard status
Active
Size
4,527 SF
Lot size
50.44 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Johnson Commercial Real Estate
(505) 250-9661
Listed By:
Ed Anlian CCIM · License #14869
(505) 250-9661
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Aug 9
Last Checked: Aug 12 at 3:30AM
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial property features NR-BP zoning and includes a 10’x14’ roll-up door. The property provides approximately 2,300 square feet of outside fenced storage. The property is ideal for a variety of business uses. The property is located at 6010 Midway Park Blvd NE, Albuquerque, NM. The property is zoned IDO and has a tenant in place until April 31, 2025. The property size is 4,527 square feet.
Key Highlights
- IDO Zoning - NR‑BP (allowing for a variety of business uses)
- 2,300± SF of outside fenced storage
- Features a 10’x14’ roll‑up 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
$40,254
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
6.55%
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%
$805,080
$805.1K
Cap Rate 7%
$575,057
$575.1K
Cap Rate 9%
$447,267
$447.3K
Market Conditions
NOI Build-Up for 4,527 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
$65.2K $14.40/SF
− Vacancy
−$3.3K −$0.72/SF
EGI
$61.9K $13.68/SF
− OpEx
−$21.7K −$4.79/SF
NOI
$40.3K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$805,080
Cap Rate 7%
$575,057
Cap Rate 9%
$447,267
Alternative Uses
Best Use
Flex RnD
$575.1K
$503.2K – $670.9K
NOI $40,254 @ 7.0% cap · market cap 6.55%
Second Best
Warehouse
$443.3K
$387.9K – $517.2K
NOI $31,030 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.10M
$958.3K – $1.28M
NOI $76,662 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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- U-Pack — 4800 Lincoln Rd NE, Albuquerque, NM 87109
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property featuring fenced storage and roll-up door.
Where is this warehouse located?
The property is located at 6010 Midway Park Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: IDO Zoning - NR‑BP (allowing for a variety of business uses); 2,300± SF of outside fenced storage; Features a 10’x14’ roll‑up door
