Two-Suite Flex Space with Gated
7900 Lorraine Ct Ne Ste E, Albuquerque, NM 87113
For Sale
$1,217,200
An adjoining suite is vacant and ready for occupancy, while the other has an in-place NNN tenant.
Property Size6,086 SF
Price / SF$200
Days on Market13
Property Features for 7900 Lorraine Ct Ne Ste E
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Drive-In Doors
Three-Phase Power
Heavy Power
Additional Details
Tenant in Place
Property Use
Listing Agency:
Berkshire Hathaway NM Prop
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Source:
Findalbuquerqueproperties
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
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 Berkshire Hathaway NM Prop
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Investment Insights
Based on property information with market context.
Two adjoining office/warehouse condominiums are offered together, totaling 6,086 square feet. Suite E is occupied by an NNN tenant, and Suite F is vacant and ready for use. Both suites have two-level offices, high-ceiling warehouse areas, drive-in doors, heavy 3-phase power, and separate gated, paved yards.
The property is less than one mile from Paseo del Norte and I-25. Suite F can serve as owner-user space while Suite E remains leased; alternatively, both suites can be held as a leased asset by placing a tenant in Suite F.
The property is less than one mile from Paseo del Norte and I-25. Suite F can serve as owner-user space while Suite E remains leased; alternatively, both suites can be held as a leased asset by placing a tenant in Suite F.
Key Highlights
- Two adjoining suites offered as one 6,086‑square‑foot package
- Suite E has an in‑place NNN tenant; Suite F is vacant and ready for occupancy
- Each suite includes a two‑level office and high‑ceiling warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,117
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,340
$1.1M
Cap Rate 7%
$773,100
$773.1K
Cap Rate 9%
$601,300
$601.3K
Market Conditions
NOI Build-Up for 6,086 SF
Gross rent
$87.6K $14.40/SF
− Vacancy
−$4.4K −$0.72/SF
EGI
$83.3K $13.68/SF
− OpEx
−$29.1K −$4.79/SF
NOI
$54.1K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,340
Cap Rate 7%
$773,100
Cap Rate 9%
$601,300
Alternative Uses
Best Use
Flex RnD
$773.1K
$676.5K – $902.0K
NOI $54,117 @ 7.0% cap · market cap 4.45%
Second Best
Warehouse
$595.9K
$521.5K – $695.3K
NOI $41,716 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,063 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87113, NM
16,380
Population
7,155
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
1,099
Density / Sq Mi
$92,083
Median Household Income
$59,641
Median Earnings
$1,581
Median Rent
$362,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Albuquerque
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - An adjoining suite is vacant and ready for occupancy, while the other has an in-place NNN tenant.
Where is this flex space located?
The property is located at 7900 Lorraine Ct Ne Ste E Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,217,200.
What are key features of this property?
This property features: Two adjoining suites offered as one 6,086‑square‑foot package; Suite E has an in‑place NNN tenant; Suite F is vacant and ready for occupancy; Each suite includes a two‑level office and high‑ceiling warehouse
