Multi-Use Flex and Warehouse
6417 Lomas Boulevard NE Albuquerque, NM 87110
6417 Lomas Boulevard NE, Albuquerque, NM, 87110
$1,445,000
For Sale
$1,445,000
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$123.76
Days on Market113
Property Features for 6417 Lomas Boulevard NE
General Information
- Standard status
- Active
- Size
- 11,676 SF
- Property subtype
- Mixed Use
Listing agency
CENTURY 21 Camco Realty
(505) 435-2759
Listed by
Jason Jenkins · License #REC20220336
(505) 435-2759
Source
Xome
Added: Mar 31 Updated: Jul 21 at 2:34AM Checked: Jul 21 at 3:01AM
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.1k | $14.40 |
| − Vacancy | −$8.4k | −$0.72 |
| EGI | $159.7k | $13.68 |
| − OpEx | −$55.9k | −$4.79 |
| NOI | $103.8k | $8.89 |
11,676 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $167,837 @ 7.0% cap · market cap 11.62%
Second Best
Flex RnD
$1.48M
$1.30M – $1.73M
NOI $103,823 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$2.82M
$2.47M – $3.30M
NOI $197,726 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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 NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,445,000.
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
