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    630 Haines Ave Albuquerque, NM 87102

    Sponsored
    For Sale
    $2,600,000

    Multi-tenant industrial building, high occupancy.

    Property size:
    38,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Albuquerque investment opportunity presents a 38,358 square foot multi-tenant industrial flex building situated on 1.28 acres in the Sawmill District (87102). The property, built in 1970 and renovated in 2005, features a Class C rating, a 100% occupancy rate with four tenants, and a current pro-forma NOI of $280,372, yielding a 10.78% pro-forma cap rate. The asking price is $2,600,000 ($67.78/sq ft and $650,000/unit). The building comprises one two-story structure with 36,930 net rentable square feet, four loading docks, and a 16-foot ceiling height in key warehouse areas. Tenants include a nationally recognized methadone clinic, a circuit board manufacturer and distributor, skilled welders, and a membership maker facility. The property is zoned NR-LM (Non-Residential Light Manufacturing) and includes fire sprinklers. Recent upgrades include a new roof and half of the parking lot. Leases are modified, with one expiring November 30, 2023

    Property Features for 630 Haines Ave

    General Information

    Property type
    Flex space
    Square Feet
    38,358 SF
    Class
    C
    Lot Size
    55,757 SF

    Building Details

    Year Built/Renovated
    1970/2005
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • 38,358 SF multi‑tenant industrial flex building on 1.28 acres in Albuquerque's Sawmill District (87102).
    • Class C building, built in 1970, renovated in 2005, with 100% occupancy.
    • $2,600,000 asking price ($67.78/SF, $650,000/unit), offering a 10.78% pro‑forma cap rate and $280,372 NOI.
    • Features four loading docks, 16' ceiling height in warehouse areas, and recent upgrades including a new roof and half the parking lot.
    • Zoned NR‑LM (Non‑Residential Light Manufacturing) with fire sprinklers; leases are modified, with one expiring November 30, 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    DONNA LOUISE SEGARRA Family Practice Physician Gabriela Kerwin General Practitioner Jennifer Nelson Social Worker New Season Treatment ... Addiction Treatment Center

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm 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
    -106.65306366472
    Latitude
    35.103478216532

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant industrial building, high occupancy.
    Where is this flex space located?
    The property is located at 630 Haines Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 38,358 SF multi-tenant industrial flex building on 1.28 acres in Albuquerque's Sawmill District (87102).; Class C building, built in 1970, renovated in 2005, with 100% occupancy.; $2,600,000 asking price ($67.78/SF, $650,000/unit), offering a 10.78% pro-forma cap rate and $280,372 NOI.
    Request Owner's contact information
    630 Haines Ave Albuquerque, NM 87102
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    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
    630 Haines Ave Albuquerque, NM 87102
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