Warehouse with Remodeled
For Sale
$1,080,000
7700 Ouray Rd, Albuquerque, NM 87121
Warehouse with 10'–12' ceilings plus a fully remodeled office featuring multiple private offices, conference room, and bullpen.
Property Size4,044 SF
Price / SF$267.06
Days on Market327
Property Features for 7700 Ouray Rd
General Information
Standard status
Active
Size
4,044 SF
Site & Location
Neighborhood
Ldw
Listing Agency:
Realty One Group Concierge
Listed By:
Candice N Cordova
(505) 515-7255
Source:
Albuquerquehomefinders
Added: Dec 2, 2025
Changed: Oct 13
Last Checked: Oct 24 at 5:08PM
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 Realty One Group Concierge
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Investment Insights
Based on property information with market context.
This property combines a spacious warehouse with a turn-key, fully remodeled office area. The office was completed in August 2024 and includes two private offices, a conference room, a reception area, two restrooms, and a bullpen with four cubicle work areas. Improvements include new LVT commercial-grade flooring, carpet tiles, new blinds, updated lighting, and fresh paint throughout.
The office is supported by energy-efficient mini splits in six zones and motion sensor lighting. Security features include a mag lock on the front door and an extensive 24-camera surveillance system designed to detect both motion and sound.
The warehouse has 10'–12' ceilings. Access to the perimeter fencing is available via an electronic gate operated by cellular access or a remote garage door opener. The office is offered furnished.
The office is supported by energy-efficient mini splits in six zones and motion sensor lighting. Security features include a mag lock on the front door and an extensive 24-camera surveillance system designed to detect both motion and sound.
The warehouse has 10'–12' ceilings. Access to the perimeter fencing is available via an electronic gate operated by cellular access or a remote garage door opener. The office is offered furnished.
Key Highlights
- Fully remodeled office completed August 2024 with new roof in spring 2025
- Office layout includes 2 private offices, conference room, reception area, bullpen with 4 cubicle work areas, and 2 restrooms
- Office upgrades include commercial‑grade LVT flooring, carpet tiles, new blinds, updated lighting, and fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,583
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,660
$851.7K
Cap Rate 7%
$608,329
$608.3K
Cap Rate 9%
$473,144
$473.1K
Market Conditions
NOI Build-Up for 4,044 SF
Gross rent
$72.8K $18.00/SF
− Vacancy
−$16.0K −$3.96/SF
EGI
$56.8K $14.04/SF
− OpEx
−$14.2K −$3.51/SF
NOI
$42.6K $10.53/SF
Area
ZIP 87121
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,660
Cap Rate 7%
$608,329
Cap Rate 9%
$473,144
Alternative Uses
Best Use
Office B
$608.3K
$532.3K – $709.7K
NOI $42,583 @ 7.0% cap · market cap 3.94%
Second Best
Flex RnD
$508.3K
$444.8K – $593.0K
NOI $35,581 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$822.1K
$719.3K – $959.1K
NOI $57,546 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with 10'–12' ceilings plus a fully remodeled office featuring multiple private offices, conference room, and bullpen.
Where is this flex space located?
The property is located at 7700 Ouray Rd Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Fully remodeled office completed August 2024 with new roof in spring 2025; Office layout includes 2 private offices, conference room, reception area, bullpen with 4 cubicle work areas, and 2 restrooms; Office upgrades include commercial‑grade LVT flooring, carpet tiles, new blinds, updated lighting, and fresh paint throughout
