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    2600 Karsten Ct Albuquerque, NM 87102

    For Sale
    $2,599,999

    Carvana NNN Lease, High ROI

    Property size:
    8,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Albuquerque, NM industrial property offers a compelling investment opportunity with a strong, credit-rated tenant, Carvana. The 8,150 square foot distribution warehouse, built in 2006, sits on a 3.032-acre lot and features 26 dock-high doors and ample parking (25 spaces). Currently operating under a Net Lease (NNN) agreement with a 3-year remaining term and two 3-year renewal options, the property boasts 100% occupancy since September 1, 2021. The lease includes annual rent bumps of 3%, ensuring consistent income growth. The property's strong financial performance is reflected in its 6.56% cap rate and a substantial NOI of $170,465. Located off Interstate 25, near the Albuquerque International Sunport, this strategically positioned asset benefits from high traffic visibility and convenient access. The property is zoned NR-LM and offered as a fee-simple ownership, making it ideal for 1031 exchange investors. The asking price is $2,599,999, translating to $319.02 per square foot. This is a rare opportunity to acquire a high-performing industrial asset with a secure, long-term tenant in a thriving market.

    Property Features for 2600 Karsten Ct

    General Information

    Property type
    Distribution properties
    Square Feet
    8,150 SF
    Lot Size
    132,074 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    HighLights

    • Investment‑grade tenant Carvana, a leading online used‑car retailer.
    • Strong financial performance with significant revenue growth and profitability.
    • Nationwide presence with as‑soon‑as‑next‑day delivery in 300+ markets.
    • Publicly traded company (NYSE: CVNA) demonstrating market leadership.
    • Proven resilience during the COVID‑19 pandemic, showcasing adaptability and strong demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old Dominion Freight ... Trucking Company Central Arizona Freight Shipping Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon 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
    -106.64150911874
    Latitude
    35.055386140253

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    FAQs

    What type of property is this?
    Distribution property - Carvana NNN Lease, High ROI
    Where is this distribution property located?
    The property is located at 2600 Karsten Ct Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,599,999.
    What are key features of this property?
    This property features: Investment-grade tenant Carvana, a leading online used-car retailer.; Strong financial performance with significant revenue growth and profitability.; Nationwide presence with as-soon-as-next-day delivery in 300+ markets.
    Request Owner's contact information
    2600 Karsten Ct Albuquerque, NM 87102
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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
    2600 Karsten Ct Albuquerque, NM 87102
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