Office/Warehouse Multi-Tenant
For Sale
Contact for pricing
6201 Jefferson St. NE, Albuquerque, NM 87109
Multi-tenant office/warehouse property with NR-BP zoning in Albuquerque, suited for owner-occupiers and investors seeking flexible space.
Property Size31,500 SF
Price / SF$195.25
Days on Market68
Property Features for 6201 Jefferson St. NE
General Information
Standard status
Active
Size
31,500 SF
Class
A
Total Parking Spaces
122
Property subtype
Office, Industrial
Zoning
NR-BP
Occupancy
90%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1995
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
SVN | Walt Arnold Commercial Brokerage, Inc.
(505) 256-7573
Listed By:
Reese Good-Aumell · License #54359
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 11 at 9:22AM
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 SVN | Walt Arnold Commercial Brokerage, Inc.
Investment Insights
Based on property information with market context.
This multi-tenant office/warehouse building combines office space with warehouse utility in a single asset. Constructed in 1995, the property provides a total size of 31,500 square feet and is positioned to support a variety of day-to-day operating needs that benefit from both workspace and storage. The building is marketed as an investment opportunity and is ready for prospective buyers to evaluate tenant fit and income potential as applicable.
The property is located at 6201 Jefferson St. NE in Albuquerque, New Mexico. It is identified under NR-BP zoning, which provides a zoning framework for permitted uses and development considerations. This Albuquerque location supports convenient access to the surrounding business area, while the office/warehouse design helps accommodate companies that need both administrative and functional warehouse space.
For investors and owner-operators, the office/warehouse configuration is often a practical match for tenants requiring storage and operational space alongside dedicated work areas. As a multi-tenant asset, it may offer the advantage of diversified occupancy compared with a single-use building, subject to verification of current tenant structure and leases. Prospective buyers should review the zoning and the existing space arrangement as part of their underwriting and due diligence.
The property is located at 6201 Jefferson St. NE in Albuquerque, New Mexico. It is identified under NR-BP zoning, which provides a zoning framework for permitted uses and development considerations. This Albuquerque location supports convenient access to the surrounding business area, while the office/warehouse design helps accommodate companies that need both administrative and functional warehouse space.
For investors and owner-operators, the office/warehouse configuration is often a practical match for tenants requiring storage and operational space alongside dedicated work areas. As a multi-tenant asset, it may offer the advantage of diversified occupancy compared with a single-use building, subject to verification of current tenant structure and leases. Prospective buyers should review the zoning and the existing space arrangement as part of their underwriting and due diligence.
Key Highlights
- 31,500 SF office/warehouse property built in 1995
- Multi‑tenant setup with office/warehouse space
- NR‑BP zoning
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
$418,446
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
6.80%
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%
$8,368,920
$8.4M
Cap Rate 7%
$5,977,800
$6.0M
Cap Rate 9%
$4,649,400
$4.6M
Market Conditions
NOI Build-Up for 31,500 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
$680.4K $21.60/SF
− Vacancy
−$122.5K −$3.89/SF
EGI
$557.9K $17.71/SF
− OpEx
−$139.5K −$4.43/SF
NOI
$418.4K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$8,368,920
Cap Rate 7%
$5,977,800
Cap Rate 9%
$4,649,400
Alternative Uses
Best Use
Office B
$5.98M
$5.23M – $6.97M
NOI $418,446 @ 7.0% cap · market cap 6.80%
Second Best
Flex RnD
$4.00M
$3.50M – $4.67M
NOI $280,098 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$7.62M
$6.67M – $8.89M
NOI $533,434 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Monroe's Restaurant — 6051 Osuna Rd NE, Albuquerque, NM 87109
- Tikka Spice Food Truck 2 — 6001 Osuna Rd NE d, Albuquerque, NM 87109
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant office/warehouse property with NR-BP zoning in Albuquerque, suited for owner-occupiers and investors seeking flexible space.
Where is this flex space located?
The property is located at 6201 Jefferson St. NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $6,150,500.
What are key features of this property?
This property features: 31,500 SF office/warehouse property built in 1995; Multi‑tenant setup with office/warehouse space; NR‑BP zoning
