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    3426 Vassar Dr Albuquerque, NM 87107

    Sponsored
    For Lease
    $16 SF/Yr

    Versatile 2,000 sq ft space, ideal for various uses.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,000-square-foot Albuquerque property offers a unique blend of office and warehouse space, previously utilized for cannabis packaging and manufacturing. The building features a secure warehouse area equipped with a cage safe, a comprehensive security system, and a reinforced garage door, all remnants of its previous use. Two bathrooms are conveniently located—one in the warehouse and another in the front office area. The space is cooled by refrigerated air. The property boasts ample parking directly in front and benefits from excellent access to major transportation arteries, with its strategic location near I-25 and I-40 allowing for easy access for large trucks. The wide alleyway behind the building easily accommodates large vehicle traffic. The current electrical system is single-phase, but upgrade potential to three-phase exists. The monthly rent is $2,800, and the tenant is responsible for all utilities. This adaptable space presents a compelling opportunity for businesses seeking a secure and well-equipped facility in a prime Albuquerque location.

    Property Features for 3426 Vassar Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $16

    HighLights

    • State‑of‑the‑art security system.
    • 10‑foot high garage door.
    • Excellent access for distribution and delivery.
    • Combined office and warehouse space ideal for various businesses.
    • Refrigerated air conditioning system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roadrunner Auctions Auction House Southwest Furniture Furniture Maker Bien Loca Industries Agricultural Service Sandia Decorators Painter

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.61520814098
    Latitude
    35.119411224584

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    FAQs

    What type of property is this?
    Distribution property - Versatile 2,000 sq ft space, ideal for various uses.
    Where is this distribution property located?
    The property is located at 3426 Vassar Dr Albuquerque, NM.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: State-of-the-art security system.; 10-foot high garage door.; Excellent access for distribution and delivery.
    Request Owner's contact information
    3426 Vassar Dr Albuquerque, NM 87107
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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
    3426 Vassar Dr Albuquerque, NM 87107
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