Office and Warehouse
700 Comanche Rd NE, Albuquerque, NM 87107
For Sale
$4,450,000
A combined office and warehouse setup with multiple docks, a grade-level door, and high-power service.
Property Size27,000 SF
Days on Market151
Property Features for 700 Comanche Rd NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
SVN / Walt Arnold Commercial Brokerage, Inc.
Listed By:
Paul Cook · License NM #13024
(505) 385-4744
Source:
Svn
Added: Jun 17
Changed: Nov 4
Last Checked: Nov 12 at 6:44AM
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.
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Investment Insights
Based on property information with market context.
This property includes office space and warehouse space on 1.7 acres. The warehouse features four docks and one grade-level door measuring 14' x 16', with 18' ceilings for workable clearance. Power and utility capacity are supported by 120/208V, 600 AMP, three-phase service, and the warehouse is equipped with radiant heat.
The facility is positioned for convenient travel with excellent freeway access via Comanche Rd and I-25, with I-25 approximately a minute away. The address is 700 Comanche Rd NE, Albuquerque, NM 87107.
For tenants or buyers needing both administrative space and distribution or light industrial operations in one location, this office-and-warehouse configuration offers practical functionality. The combination of dock doors, a grade-level door, and radiant-heated warehouse space can support a range of business uses where loading flexibility and indoor working conditions are important. Please ask the broker regarding current occupancy.
The facility is positioned for convenient travel with excellent freeway access via Comanche Rd and I-25, with I-25 approximately a minute away. The address is 700 Comanche Rd NE, Albuquerque, NM 87107.
For tenants or buyers needing both administrative space and distribution or light industrial operations in one location, this office-and-warehouse configuration offers practical functionality. The combination of dock doors, a grade-level door, and radiant-heated warehouse space can support a range of business uses where loading flexibility and indoor working conditions are important. Please ask the broker regarding current occupancy.
Key Highlights
- 7,000 SF office plus 20,000 SF warehouse on 1.7 acres (built in 1977)
- Warehouse features 4 docks and 1 grade‑level door (14' x 16')
- 18' ceiling height in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$358,668
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,173,360
$7.2M
Cap Rate 7%
$5,123,829
$5.1M
Cap Rate 9%
$3,985,200
$4.0M
Market Conditions
NOI Build-Up for 27,000 SF
Gross rent
$583.2K $21.60/SF
− Vacancy
−$105.0K −$3.89/SF
EGI
$478.2K $17.71/SF
− OpEx
−$119.6K −$4.43/SF
NOI
$358.7K $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 Rate 5%
$7,173,360
Cap Rate 7%
$5,123,829
Cap Rate 9%
$3,985,200
Alternative Uses
Best Use
Office B
$5.12M
$4.48M – $5.98M
NOI $358,668 @ 7.0% cap · market cap 8.06%
Second Best
Flex RnD
$3.43M
$3.00M – $4.00M
NOI $240,084 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$6.53M
$5.72M – $7.62M
NOI $457,229 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and warehouse setup with multiple docks, a grade-level door, and high-power service.
Where is this flex space located?
The property is located at 700 Comanche Rd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 7,000 SF office plus 20,000 SF warehouse on 1.7 acres (built in 1977); Warehouse features 4 docks and 1 grade‑level door (14' x 16'); 18' ceiling height in the warehouse
