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    5821 Midway Park Blvd Albuquerque, NM 87109

    For Lease
    $12 SF/Yr

    Spacious Albuquerque warehouse, ideal for various businesses.

    Lot size:
    10,819 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,819 square foot warehouse space, located at 5821 Midway Park Blvd NE in Albuquerque, New Mexico, is available for lease starting December 1, 2024. The property features a single tenancy and boasts a generous 10,433 square feet of warehouse space complemented by 386 square feet of office area. The warehouse benefits from a substantial 19-foot ceiling height, providing ample vertical storage capacity. Access is facilitated by two drive-in doors and three dock-high doors, ensuring efficient loading and unloading operations. Climate control is provided by evaporative coolers and suspended gas heaters in the warehouse, and refrigerated air conditioning in the office space. The building is fully sprinklered for fire safety. The property is equipped with robust 3-phase 220-volt, 1000-amp power, making it suitable for businesses with significant energy demands. High-speed internet access via Comcast is available. The property is zoned NR-BP (Non-Residential, Business Park) in Bernalillo County, zip code 87109. This warehouse presents a significant opportunity for businesses seeking a well-equipped and strategically located space in Albuquerque.

    Property Features for 5821 Midway Park Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,819 SF

    Unit(s) available at that property

    Space
    Size
    10,819 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Act Fast Inc Trucking Company Azar Distributing Co Distribution Service Pilot Freight Services Freight Forwarding Service Purchase Green Artificial ... Landscaper New Mexico Metals ... Metal Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hair Salon 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
    -106.6041841
    Latitude
    35.1471354

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    FAQs

    What type of property is this?
    Distribution property - Spacious Albuquerque warehouse, ideal for various businesses.
    Where is this distribution property located?
    The property is located at 5821 Midway Park Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    5821 Midway Park Blvd Albuquerque, NM 87109
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    Albuquerque, NM 87109
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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
    5821 Midway Park Blvd Albuquerque, NM 87109
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