Industrial Building Near Kirkland
For Sale
Contact for pricing
Pending
9921 Southern Ave SE, Albuquerque, NM
Tenant-occupied industrial building with six bays near Kirkland AFB.
Property Size10,000 SF
Lot Size0.50 Acres
Days on Market422
Property Features for 9921 Southern Ave SE
General Information
Standard status
Pending
Size
10,000 SF
Lot size
0.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Coldwell Banker - Legacy | Paseo del Norte
(505) 292-8900
Listed By:
Norton Ed Wray
(505) 228-3338
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Sep 14
Last Checked: Oct 5 at 9:20PM
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 Coldwell Banker - Legacy | Paseo del Norte
Investment Insights
Based on property information with market context.
This commercial building, zoned for light industrial use, features six attached bays. It is situated next to Kirkland Air Force Base and includes paved parking. The property is fully tenant-occupied by long-standing tenants, presenting an investment opportunity in a thriving location. The property size is 10000 square feet.
Key Highlights
- Fully tenant‑occupied by long‑standing tenants
- Excellent investment opportunity
- Prime commercial building zoned light industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,165
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,300
$1.2M
Cap Rate 7%
$859,500
$859.5K
Cap Rate 9%
$668,500
$668.5K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$90.0K $9.00/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$86.0K $8.59/SF
− OpEx
−$25.8K −$2.58/SF
NOI
$60.2K $6.02/SF
Area
Albuquerque, NM
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,300
Cap Rate 7%
$859,500
Cap Rate 9%
$668,500
Alternative Uses
Best Use
Industrial
$859.5K
$752.1K – $1.00M
NOI $60,165 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,344 @ 7.0% cap · market cap 21.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Tenant-occupied industrial building with six bays near Kirkland AFB.
Where is this industrial property located?
The property is located at 9921 Southern Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully tenant‑occupied by long‑standing tenants; Excellent investment opportunity; Prime commercial building zoned light industrial
