Multi-Use Flex and Warehouse
For Sale
$1,295,000
6417 Lomas Boulevard, Albuquerque, NM 87110
Multi-use building with two roll-up doors, newer HVAC units, and gated equipment storage plus 30+ parking spaces.
Property Size11,676 SF
Price / SF$110.91
Days on Market125
Property Features for 6417 Lomas Boulevard
General Information
Standard status
Active
Size
11,676 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$12,888
Amenities
3
31 Parking Spaces.
Listing Agency:
CENTURY 21 Camco Realty
(505) 435-2759
Listed By:
Jason Jenkins · License #REC20220336
(505) 435-2759
Source:
Xome
Added: Apr 9
Changed: Aug 11
Last Checked: Aug 11 at 5:21AM
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
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 = 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
$103,823
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
8.02%
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%
$2,076,460
$2.1M
Cap Rate 7%
$1,483,186
$1.5M
Cap Rate 9%
$1,153,589
$1.2M
Market Conditions
NOI Build-Up for 11,676 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
$168.1K $14.40/SF
− Vacancy
−$8.4K −$0.72/SF
EGI
$159.7K $13.68/SF
− OpEx
−$55.9K −$4.79/SF
NOI
$103.8K $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 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%
$2,076,460
Cap Rate 7%
$1,483,186
Cap Rate 9%
$1,153,589
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $167,837 @ 7.0% cap · market cap 12.96%
Second Best
Flex RnD
$1.48M
$1.30M – $1.73M
NOI $103,823 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$2.82M
$2.47M – $3.30M
NOI $197,726 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Boulevard Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,295,000.
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
