Industrial Property with Roll-Up
For Sale
Contact for pricing
201 Pennsylvania St. & 210 Dallas St NE, Albuquerque, NM 87108
Two industrial properties with multiple roll-up doors for sale.
Property Size9,500 SF
Lot Size0.29 Acres
Price / SF$120
Days on Market1003
Property Features for 201 Pennsylvania St. & 210 Dallas St NE
General Information
Standard status
Active
Size
9,500 SF
Class
C
Lot size
0.29 Acres
Property subtype
Industrial
Zoning
MX-M
Building Details
Buildings
2
Listing Agency:
NAI Sun Vista
(505) 878-0001
Listed By:
Alexis Lovato · License #NM 55026
Source:
Crexi
Added: Nov 30, 2023
Changed: Aug 26
Last Checked: Aug 29 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Sun Vista
Investment Insights
Based on property information with market context.
The property at 201 Pennsylvania St. NE offers approximately 4,700 square feet on about 0.28 acres. It features three new roll-up doors, three-phase power, and a ceiling height of 14 feet 1 inch. The property at 210 Dallas St. NE provides approximately 4,800 square feet on about 0.29 acres. It includes eight new roll-up doors, a TPO roof that is eight years old, and single-phase power. The ceiling height at this location is 18 feet 11 inches. Existing equipment, including five lifts, a paint booth with mixing room, and a frame machine, is available for purchase. The properties are zoned MX-M.
Key Highlights
- Two properties available: 201 Pennsylvania St. NE (±4,700 SF, ±0.28 Acres) and 210 Dallas St. NE (±4,800 SF, ±0.29 Acres).
- 210 Dallas St. NE features 8 new roll‑up doors and a high ceiling height of 18’ - 11”.
- 201 Pennsylvania St. NE offers three‑phase power, while 210 Dallas St. NE has single‑phase power.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,689,480
$1.7M
Cap Rate 7%
$1,206,771
$1.2M
Cap Rate 9%
$938,600
$938.6K
Market Conditions
NOI Build-Up for 9,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$136.8K $14.40/SF
− Vacancy
−$6.8K −$0.72/SF
EGI
$130.0K $13.68/SF
− OpEx
−$45.5K −$4.79/SF
NOI
$84.5K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,689,480
Cap Rate 7%
$1,206,771
Cap Rate 9%
$938,600
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,474 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$816.5K
$714.5K – $952.6K
NOI $57,157 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,877 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two industrial properties with multiple roll-up doors for sale.
Where is this flex space located?
The property is located at 201 Pennsylvania St. & 210 Dallas St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Two properties available: 201 Pennsylvania St. NE (±4,700 SF, ±0.28 Acres) and 210 Dallas St. NE (±4,800 SF, ±0.29 Acres).; 210 Dallas St. NE features **8 new roll‑up doors** and a **high ceiling height of 18’ - 11”**.; 201 Pennsylvania St. NE offers three‑phase power, while 210 Dallas St. NE has single‑phase power.
