Building Details

Building Size 14,292 SF

Buildings 3

Listing Agency: SVN/Walt Arnold Commercial Brokerage, Inc.

Listed By: Walt Arnold · License #9117 Show Phone

Source: Thebrokerlist

Added: Oct 11 Last Checked: Oct 12 at 4:33PM

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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 Albuquerque industrial property comprises two buildings and a modular mobile office, with a combined 14,292 SF. The west building contains 5,000 SF, the east warehouse has 7,500 SF, and the office adds 1,792 SF. High ceilings and M-1 zoning are additional property features.

The site is served by a well and septic system. Gas service is provided by Gas Co. of NM, with PNM supplying electricity. The property is in Bernalillo County and has access to transportation routes. The University of New Mexico, Isotopes Park, and the National Museum of Nuclear Science & History are identified as nearby points of interest.

Key Highlights

• 14,292 SF across two industrial buildings and a modular mobile office
• West industrial building: 5,000 SF
• East warehouse: 7,500 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,774

Cap Rate

3.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,480 $2.1M

Cap Rate 7%

$1,468,200 $1.5M

Cap Rate 9%

$1,141,933 $1.1M

Market Conditions

NOI Build-Up for 14,292 SF

Gross rent

$128.6K $9.00/SF

− Vacancy

−$7.7K −$0.54/SF

EGI

$120.9K $8.46/SF

− OpEx

−$18.1K −$1.27/SF

NOI

$102.8K $7.19/SF

Area

ZIP 87105

Vacancy

6.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,480

Cap Rate 7%

$1,468,200

Cap Rate 9%

$1,141,933

Alternative Uses

Best Use

Warehouse

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,774 @ 7.0% cap · market cap 3.48%

Second Best

Industrial

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,637 @ 7.0% cap · market cap 2.87%

Theoretical Best

Office A

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,290 @ 7.0% cap · market cap 7.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

C H Taylor ... Construction Company TSI Telecommunications Service T S I ... Telecommunications Service

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Kitchen & Bath Showroom Plumbing Service Garden Center

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 87105, NM

54,151

Population

20,263

Households

2.7

Avg Household Size

39

Median Age

16%

College-Educated

80%

High-School Grad

40.2 sq mi

ZIP Area

1,347

Density / Sq Mi

$49,928

Median Household Income

$32,490

Median Earnings

$972

Median Rent

$200,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Three structures combine industrial space with a separate modular office in a flexible commercial layout.

Where is this manufacturing property located?

The property is located at 7201 Broadway Blvd. SE Albuquerque, NM.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 14,292 SF across two industrial buildings and a modular mobile office; West industrial building: 5,000 SF; East warehouse: 7,500 SF