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    2407 Commercial St Albuquerque, NM 87102

    For Lease
    $11 SF/Yr ($7,914 /Mo)

    Modern Warehouse, Gated Yard, Great Location

    Lot size:
    8,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,634-square-foot Class A warehouse, situated on a 0.53-acre lot in Albuquerque, NM, presents a compelling leasing opportunity. Recently renovated in 2024, this two-story building features 18-20 foot ceilings, a single drive-in door, and a gated, paved yard. The flexible space includes a mezzanine, three offices, a reception area, open workspace, kitchenette, and shower. The property boasts 220v 3-phase power, water line stub-out, and ample parking for 10 vehicles. Conveniently located near I-25 and I-40, with easy access from Menaul Boulevard, this MX-M zoned property benefits from a high-traffic area with a large population and workforce within a five-mile radius. All utilities are connected, ensuring a smooth transition for any business. The property's versatile layout and modern amenities make it ideal for a variety of industrial, flex, or distribution uses. The APN is 101405945226042926. This is a truly remarkable opportunity to secure a prime location for your business operations.

    Property Features for 2407 Commercial St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,634 SF
    Class
    A
    Total Rate
    7914.5

    Building Details

    Year Renovated
    2024
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    8,634 SF
    Rate per SF
    $11

    HighLights

    • Three private offices, reception area, open workspace/showroom, kitchenette, and employee shower.
    • Open shop space ideal for various uses.
    • One 12' x 12' drive‑in door for easy access.
    • Mezzanine for additional storage or office space.
    • High ceilings: 18' clear height to elbow, 20' peak.
    • 220v three‑phase electrical service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Seating Car Repair And Maintenance Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.64152854776
    Latitude
    35.109043991653

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    FAQs

    What type of property is this?
    Distribution property - Modern Warehouse, Gated Yard, Great Location
    Where is this distribution property located?
    The property is located at 2407 Commercial St Albuquerque, NM.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Three private offices, reception area, open workspace/showroom, kitchenette, and employee shower.; Open shop space ideal for various uses.; One 12' x 12' drive-in door for easy access.
    Request Owner's contact information
    2407 Commercial St Albuquerque, NM 87102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2407 Commercial St Albuquerque, NM 87102
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