Versatile Commercial Property For
6010 Midway Park Blvd NE Albuquerque, NM 87109
6010 Midway Park Blvd NE, Albuquerque, NM, 87109
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For Sale
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4,527± SF commercial property with office and warehouse space.
Property Size4,527 SF
Price / SF$135.85
Days on Market732
Property Features for 6010 Midway Park Blvd NE
General Information
- Standard status
- Active
- Size
- 4,527 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency
Johnson Commercial Real Estate
(859) 420-5492
Listed by
Ed Anlian · License #NM 14869
Source
Crexi
Added: Jul 17, 2024 Checked: Jul 17 at 2:23 pm
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 Johnson Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial property offers a total of 4,527± SF, including approximately 3,951± SF of office space and 576± SF of warehouse space. It features a 10’x14’ roll-up door and approximately 2,300± SF of outside fenced storage. The property is zoned NR-BP and is suitable for a variety of business uses.
Key Highlights
- Versatile commercial property with 4,527± total SF.
- Features 3,951± SF of office space and 576± SF of warehouse space.
- Includes a 10’x14’ roll‑up door for warehouse access.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $14.40 |
| − Vacancy | −$3.3k | −$0.72 |
| EGI | $61.9k | $13.68 |
| − OpEx | −$21.7k | −$4.79 |
| NOI | $40.3k | $8.89 |
4,527 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$859.1K
$751.7K – $1.00M
NOI $60,137 @ 7.0% cap · market cap 9.78%
Second Best
Flex RnD
$575.1K
$503.2K – $670.9K
NOI $40,254 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.10M
$958.3K – $1.28M
NOI $76,662 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
High Mesa, a Bowman ...
Civil Engineer
Seal Co Inc
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 4,527± SF commercial property with office and warehouse space.
Where is this flex space located?
The property is located at 6010 Midway Park Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Versatile commercial property with 4,527± total SF.; Features **3,951± SF of office space** and 576± SF of warehouse space.; Includes a **10’x14’ roll‑up door for warehouse access.**
