Flex Space With Dock
For Sale
Contact for pricing
6517 Lomas Boulevard NE, Albuquerque, NM 87110
MX-M zoning accommodates manufacturing, retail, and professional showroom uses.
Property Size11,676 SF
Price / SF$110.91
Days on Market13
Property Features for 6517 Lomas Boulevard NE
General Information
Standard status
Active
Size
11,676 SF
Total Parking Spaces
30
Property subtype
Industrial
Zoning
MX-M
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Dock-High Doors
1
Building Details
Buildings
1
Building Size
11,676 SF
Listing Agency:
CENTURY 21 Camco Realty
(505) 435-2759
Listed By:
Jason L Jenkins · License #REC20220336
Source:
Crexi
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 11 at 1:40PM
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 11,676-square-foot flex property combines multi-use space with practical features for commercial operations. The building has two roll-up doors, including one dock door, along with gated equipment storage and more than 30 parking spaces. Fresh stucco contributes to the updated exterior, while the roofing system includes a newer TPO membrane on the outer roof and maintained inner sections. Climate control is supported by several newer HVAC units and existing evaporative coolers.
Located on Lomas Boulevard NE in Albuquerque, the property offers exposure at a Lomas intersection. MX-M zoning allows a range of potential applications, including manufacturing, retail, and professional showroom uses. The configuration may suit an owner-user or investor seeking a centrally located multi-use facility.
Located on Lomas Boulevard NE in Albuquerque, the property offers exposure at a Lomas intersection. MX-M zoning allows a range of potential applications, including manufacturing, retail, and professional showroom uses. The configuration may suit an owner-user or investor seeking a centrally located multi-use facility.
Key Highlights
- 11,676 SF multi‑use flex building
- MX‑M zoning allows manufacturing, retail, and professional showroom uses
- Two roll‑up doors, including one dock door
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
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Flex space - MX-M zoning accommodates manufacturing, retail, and professional showroom uses.
Where is this flex space located?
The property is located at 6517 Lomas Boulevard NE 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 flex building; MX‑M zoning allows manufacturing, retail, and professional showroom uses; Two roll‑up doors, including one dock door
