Functional Albuquerque Office/Warehouse with
7908 Ranchitos Loop NE, Albuquerque, NM 87113
For Sale
$1,295,000
Pending
9,350 SF office/warehouse with fenced yard in North Albuquerque.
Property Size9,350 SF
Lot Size0.76 Acres
Days on Market240
Property Features for 7908 Ranchitos Loop NE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Allen Sigmon Real Estate Group
Listed By:
Thomas Mortensen · License NM 50516AB
(505) 263-3159
Source:
Carnm.resimplifi
Added: Mar 19
Changed: Nov 8
Last Checked: Nov 12 at 4:13AM
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 Allen Sigmon Real Estate Group
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Investment Insights
Based on property information with market context.
This 9,350 SF office/warehouse is situated on 0.755 acres in a North Albuquerque industrial corridor. The property is designed for operational efficiency and professional presence, featuring a layout that includes three private offices, a conference room, a showroom, a breakroom, and three restrooms. The warehouse area includes one dock-high door and three grade-level doors, along with 800-amp power (208/120V). A secured, fully fenced yard provides space for outdoor storage, fleet vehicles, or equipment. The property is located near Paseo del Norte & Edith Blvd, offering access to major transportation routes and the Albuquerque market. The property is currently occupied by a tenant on a short-term lease, providing immediate income with potential for future owner-user flexibility. It is suitable for industrial, manufacturing, or service uses.
Key Highlights
- ±9,350 SF office/warehouse on ±0.755 acres in a desirable North Albuquerque industrial corridor.
- Secured, fully fenced yard for outdoor storage, fleet vehicles, or equipment.
- Equipped with 1 dock‑high door and 3 grade‑level doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,140
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,662,800
$1.7M
Cap Rate 7%
$1,187,714
$1.2M
Cap Rate 9%
$923,778
$923.8K
Market Conditions
NOI Build-Up for 9,350 SF
Gross rent
$134.6K $14.40/SF
− Vacancy
−$6.7K −$0.72/SF
EGI
$127.9K $13.68/SF
− OpEx
−$44.8K −$4.79/SF
NOI
$83.1K $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%
$1,662,800
Cap Rate 7%
$1,187,714
Cap Rate 9%
$923,778
Alternative Uses
Best Use
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,140 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$803.6K
$703.2K – $937.6K
NOI $56,254 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,337 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Under-served
Demand for This Use
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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
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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
Similar Off Market Nearby
- Stay in Your Lane — 8025 Edith Blvd NE, Albuquerque, NM 87113
Frequently Asked Questions
What type of property is this?
Flex space - 9,350 SF office/warehouse with fenced yard in North Albuquerque.
Where is this flex space located?
The property is located at 7908 Ranchitos Loop NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: ±9,350 SF office/warehouse on ±0.755 acres in a desirable North Albuquerque industrial corridor.; Secured, fully fenced yard for outdoor storage, fleet vehicles, or equipment.; Equipped with **1 dock‑high door and 3 grade‑level doors.**
