Warehouse with Office and
For Sale
Contact for pricing
6200 Coors Boulevard SW, Albuquerque, NM 87120
Secure warehouse building with office space, bay doors, and baths.
Property Size7,000 SF
Price / SF$114.14
Days on Market211
Property Features for 6200 Coors Boulevard SW
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Listing Agency:
Coldwell Banker Legacy
(505) 480-3342
Listed By:
Mary Saul · License #NM
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 29 at 1:59AM
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 Coldwell Banker Legacy
Investment Insights
Based on property information with market context.
This secure building offers a warehouse with an office area. The property includes two bathrooms, four bay doors, and four steel entry doors. It features two new heating and cooling units. The building size is over 7,000 square feet and has a visible location.
Key Highlights
- Solid, secure building with great visible location.
- Large 7000+ sq ft building suitable for various uses.
- Warehouse space with integrated office area.
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
$57,777
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
7.23%
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%
$1,155,540
$1.2M
Cap Rate 7%
$825,386
$825.4K
Cap Rate 9%
$641,967
$642.0K
Market Conditions
NOI Build-Up for 7,000 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
$71.4K $10.20/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$68.0K $9.71/SF
− OpEx
−$10.2K −$1.46/SF
NOI
$57.8K $8.25/SF
Area
ZIP 87120
Vacancy
4.80%
Lease Rate
$10.20 /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%
$1,155,540
Cap Rate 7%
$825,386
Cap Rate 9%
$641,967
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,081 @ 7.0% cap · market cap 10.15%
Second Best
Warehouse
$825.4K
$722.2K – $963.0K
NOI $57,777 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,013 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87120, NM
64,643
Population
27,432
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
93%
High-School Grad
57.6 sq mi
ZIP Area
1,122
Density / Sq Mi
$84,887
Median Household Income
$49,726
Median Earnings
$1,404
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Secure warehouse building with office space, bay doors, and baths.
Where is this warehouse located?
The property is located at 6200 Coors Boulevard SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Solid, secure building with great visible location.; Large 7000+ sq ft building suitable for various uses.; Warehouse space with integrated office area.
