You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Warehouses

2211 Commercial St Northeast Albuquerque, NM 87102

13,120 SF 0.53 ac lot Built 1973
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0311346
2211 Commercial St Northeast, Albuquerque, NM 87102 For Lease
$850,000 14,355 SF available
2211 Commercial St Northeast, Albuquerque, NM 87102
View Listing →
Property summary
AI-generated overview

This ±14,355 square foot industrial property, built in 1973, offers a unique opportunity for a single tenant. The warehouse features a desirable combination of warehouse and office space, perfect for a variety of businesses. The building boasts a 16-foot clear-span ceiling height, providing ample vertical space for storage and operations. Four 12-foot roll-up doors ensure efficient loading and unloading, accommodating both trucks and semi-trucks. The property includes grade-level loading docks for easy access. The building's construction is a durable mix of CMU and concrete, and it's equipped with a fully functional sprinkler system for fire safety. Electrical service is single-phase, 240-volt power. The office space is well-appointed with a kitchenette/break room and two restrooms, offering a comfortable workspace for employees. A small, fenced yard provides additional parking and storage space. The property's strategic location just north of I-40 and west of I-25 offers excellent access to major transportation arteries. The zoning is designated MX-M. The entire building is currently vacant, presenting an immediate opportunity for occupancy.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 13,120 SF
Lot 0.53 ac (23,087 SF)
APN 1-014-059-441-190-4-29-14
UPID US61-0311346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Grimco, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$778k
Blend (final) Blend
$850k
Owner & transaction history
2211 Land Co LLC · 21 yrs held
2211 Land Co LLC
since 2005
3 recorded transactions
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.3M +58.7%
Apartment house (5+ units) $1.3M +50.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message