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Flex Space with Rail Spur
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702 Carmony Rd NE, Albuquerque, NM 87107

The facility combines adaptable warehouse areas with a two-story office component.

Property Size14,000 SF
Days on Market140

Property Features for 702 Carmony Rd NE

General Information

Standard status Active
Size 14,000 SF
Property subtype Industrial

Warehouse & Industrial

Warehouse Space 63,000 SF
Office Build-Out 14,000 SF
Rail Access Yes

Additional Details

Highway Access Yes
Office Units 1

Amenities

break rooms
meeting spaces

Building Details

Stories 2
Tenancy Single
Listing Agency: Resolut RE Albuquerque
Listed By: Billy Lehmann · License #NM
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:35PM

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 Resolut RE Albuquerque

Investment Insights

Based on property information with market context.

This flex property includes approximately 63,000 +/- square feet of warehouse space arranged in three sections separated by non-structural walls. High ceilings and wide loading docks support varied storage and distribution configurations, while the layout can accommodate pallet racking and bulk storage. A 14k square ft two-story office area provides administrative space, with break rooms and meeting areas included within the facility.

The property is located at 702 Carmony Rd NE in Albuquerque, with access to I-25 and I-40 and an existing rail spur. The current tenant occupies the facility under a lease expiring in Feb of 2026 and has expressed a desire to remain, with terms to be negotiated with the buyer.

Key Highlights

  • 63,000 +/- square feet of warehouse space
  • 14k square ft two‑story office area
  • Rail spur included with access to I‑25 and I‑40

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby
Under-served
Demand for This Use

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Similar Off Market Nearby

  • Bistro Box Catering 5312 4th St NW, Albuquerque, NM 87107

Frequently Asked Questions

What type of property is this?
Flex space - The facility combines adaptable warehouse areas with a two-story office component.
Where is this flex space located?
The property is located at 702 Carmony Rd NE Albuquerque, NM.
What are key features of this property?
This property features: 63,000 +/- square feet of warehouse space; 14k square ft two‑story office area; Rail spur included with access to I‑25 and I‑40
(505) 337-0777 Call to check price and availability
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