Functional Albuquerque Office/Warehouse with
For Sale
Contact for pricing
Pending
7908 Ranchitos Loop NE, Albuquerque, NM 87113
9,350 SF office/warehouse with fenced yard in North Albuquerque.
Property Size9,350 SF
Lot Size0.76 Acres
Days on Market146
Property Features for 7908 Ranchitos Loop NE
General Information
Standard status
Pending
Size
9,350 SF
Lot size
0.76 Acres
Property subtype
Industrial
Zoning
Bernalillo County M1
Building Details
Tenancy
Single
Listing Agency:
Allen Sigmon Real Estate Group
(505) 884-4699
Listed By:
June Bahadirli · License #20250821
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 24 at 8:26AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Warehouse
$915.6K
$801.1K – $1.07M
NOI $64,089 @ 7.0% cap · market cap 4.95%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.**
