Office and Warehouse
For Sale
$4,450,000
700 Comanche Rd NE, Albuquerque, NM 87107
A combined office and warehouse setup with multiple docks, a grade-level door, and high-power service.
Property Size27,000 SF
Days on Market56
Property Features for 700 Comanche Rd NE
General Information
Standard status
Active
Size
27,000 SF
Property subtype
Industrial
Building Details
Building Size
27,000 SF
Year Built
1977
Listing Agency:
SVN | Walt Arnold Commercial Brokerage, Inc.
(505) 385-4744
Listed By:
Paul Cook · License #NM #13024
Source:
Svn
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 11 at 6:17AM
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.
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 = 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
$358,668
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
8.06%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
