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    3740 Princeton Dr Albuquerque, NM 87107

    For Lease
    $14 SF/Yr ($19,373 /Mo)

    Albuquerque warehouse, 5,700 sq ft, fenced yard

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 5,700 square foot warehouse space is part of a larger 16,000 square foot building located at 3740 Princeton Dr NE, Albuquerque, New Mexico, 87107. Currently undergoing renovations, this single-story unit offers the flexibility to customize your office space to meet your specific needs. The warehouse boasts a generous ceiling height ranging from 13.5 to 15 feet, providing ample vertical space for storage or operations. Four drive-in doors facilitate efficient loading and unloading: one measures 16' x 11'5", two are 14' x 14', and one is 12' x 11.5'. The property includes 3-phase power and a secure, fenced yard, enhancing both security and operational convenience. The building is equipped with a sprinkler system. This property is zoned NR-LM and benefits from easy access to I-25 via Comanche Road and I-40 via Pan American Frontage Road. The monthly rent is $6900.00, modified gross. The minimum divisible space is 5,700 square feet, with a total of 16,000 square feet available in the building.

    Property Features for 3740 Princeton Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    19373.33

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite B
    Size
    5,700 SF
    Rate per SF
    $14
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diesel Forward Auto Repair Shop Rocky Mountain Power Electric Utility Company

    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
    -106.6190258
    Latitude
    35.1233071

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    FAQs

    What type of property is this?
    Distribution property - Albuquerque warehouse, 5,700 sq ft, fenced yard
    Where is this distribution property located?
    The property is located at 3740 Princeton Dr Albuquerque, NM.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    3740 Princeton Dr Albuquerque, NM 87107
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    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
    3740 Princeton Dr Albuquerque, NM 87107
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