Multi-Use Flex and Warehouse
6417 Lomas Blvd, Albuquerque, NM 87110
For Sale
$949,000
Multi-use building with two roll-up doors, newer HVAC units, and gated equipment storage plus 30+ parking spaces.
Property Size7,282 SF
Price / SF$130.32
Days on Market262
Property Features for 6417 Lomas Blvd
General Information
Standard status
Size
Site & Location
Neighborhood
Listing Agency:
CENTURY 21 Camco Realty
Listed By:
Jason Lloyd Jenkins · License NM REC20220336
(505) 435-2759
Source:
Albuquerquehomefinders
Added: Feb 22
Changed: Nov 1
Last Checked: Nov 8 at 7:19AM
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 CENTURY 21 Camco Realty
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Investment Insights
Based on property information with market context.
This multi-use flex and warehouse building offers a versatile configuration for light industrial, retail, and professional showroom uses under MX-M zoning. Improvements described in the remarks include a new TPO roof membrane on the outer roof sections, professionally maintained interior roof areas, and a climate system supported by several newer HVAC units alongside existing evaporative coolers. The exterior updates include fresh stucco, and the property includes two bay roll-up doors (one dock) with gated equipment storage.
The building is positioned at a high-visibility intersection on Lomas Boulevard NE in Albuquerque. On-site parking is identified as 30+ spaces, supporting day-to-day customer and employee access.
Please note that two separate addresses (6405 and 6417 Lomas) are being sold separately, allowing for flexible footprint options for buyers comparing configurations.
The building is positioned at a high-visibility intersection on Lomas Boulevard NE in Albuquerque. On-site parking is identified as 30+ spaces, supporting day-to-day customer and employee access.
Please note that two separate addresses (6405 and 6417 Lomas) are being sold separately, allowing for flexible footprint options for buyers comparing configurations.
Key Highlights
- +/-11,676 SF multi‑use building on a high‑visibility Lomas intersection
- Versatile MX‑M zoning for a range of uses, including manufacturing, retail, and professional showrooms
- 2 bay roll‑up doors (1 dock) plus loading dock, extra storage, and gated equipment storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,752
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,040
$1.3M
Cap Rate 7%
$925,029
$925.0K
Cap Rate 9%
$719,467
$719.5K
Market Conditions
NOI Build-Up for 7,282 SF
Gross rent
$104.9K $14.40/SF
− Vacancy
−$5.2K −$0.72/SF
EGI
$99.6K $13.68/SF
− OpEx
−$34.9K −$4.79/SF
NOI
$64.8K $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 Rate 5%
$1,295,040
Cap Rate 7%
$925,029
Cap Rate 9%
$719,467
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.74M
NOI $104,675 @ 7.0% cap · market cap 11.03%
Second Best
Flex RnD
$925.0K
$809.4K – $1.08M
NOI $64,752 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,316 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 87110, NM
38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use building with two roll-up doors, newer HVAC units, and gated equipment storage plus 30+ parking spaces.
Where is this flex space located?
The property is located at 6417 Lomas Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: +/-11,676 SF multi‑use building on a high‑visibility Lomas intersection; Versatile MX‑M zoning for a range of uses, including manufacturing, retail, and professional showrooms; 2 bay roll‑up doors (1 dock) plus loading dock, extra storage, and gated equipment storage
