Vacant Industrial Distribution
For Sale
$5,520,000
8851 Saul Bell Rd NW, Albuquerque, NM 87121
Two vacant suites allow single-user occupancy or a multi-tenant configuration.
Property Size40,040 SF
Price / SF$137.86
Days on Market387
Property Features for 8851 Saul Bell Rd NW
General Information
Standard status
Active
Size
40,040 SF
Property subtype
Industrial
Zoning
NR-BP
Amenities
Vacant
Building Details
Year Built
2007
Listing Agency:
Allen Sigmon Real Estate Group
Listed By:
Thomas Mortensen · License #50516AB
(505) 263-3159
Source:
Carnm.resimplifi
Added: Sep 23, 2025
Changed: Oct 9
Last Checked: Oct 12 at 4:49PM
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.
The 40,040-square-foot industrial facility contains two vacant suites and is available for immediate occupancy. Suite A includes approximately 2,355 square feet of office area with a showroom, bullpen, private offices, conference room, break room, and restrooms. Suite B contains 17,160 square feet. The layout can accommodate one user or separate occupants.
Loading capacity includes twelve dock-high doors and one grade-level door. Clear heights range from 20 to 23 feet, with column spacing of 40 to 46 feet for storage and racking layouts. Electrical service includes 600 amps at 120/208 volts in Suite A and 400 amps at 120/208 volts in Suite B. The property was built in 2007 and carries NR-BP zoning, which supports industrial, distribution, and business uses.
Loading capacity includes twelve dock-high doors and one grade-level door. Clear heights range from 20 to 23 feet, with column spacing of 40 to 46 feet for storage and racking layouts. Electrical service includes 600 amps at 120/208 volts in Suite A and 400 amps at 120/208 volts in Suite B. The property was built in 2007 and carries NR-BP zoning, which supports industrial, distribution, and business uses.
Key Highlights
- 40,040‑square‑foot industrial distribution and warehouse facility
- Two vacant suites, including 17,160 square feet in Suite B
- Twelve dock‑high doors plus one grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,991
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,819,820
$5.8M
Cap Rate 7%
$4,157,014
$4.2M
Cap Rate 9%
$3,233,233
$3.2M
Market Conditions
NOI Build-Up for 40,040 SF
Gross rent
$360.4K $9.00/SF
− Vacancy
−$18.0K −$0.45/SF
EGI
$342.3K $8.55/SF
− OpEx
−$51.4K −$1.28/SF
NOI
$291.0K $7.27/SF
Area
ZIP 87121
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,819,820
Cap Rate 7%
$4,157,014
Cap Rate 9%
$3,233,233
Alternative Uses
Best Use
Warehouse
$4.16M
$3.64M – $4.85M
NOI $290,991 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$3.42M
$3.00M – $3.99M
NOI $239,639 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$8.14M
$7.12M – $9.50M
NOI $569,772 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Two vacant suites allow single-user occupancy or a multi-tenant configuration.
Where is this distribution center located?
The property is located at 8851 Saul Bell Rd NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $5,520,000.
What are key features of this property?
This property features: 40,040‑square‑foot industrial distribution and warehouse facility; Two vacant suites, including 17,160 square feet in Suite B; Twelve dock‑high doors plus one grade‑level door
