9921 Southern Ave SE, Albuquerque, NM
Tenant-occupied industrial building with six bays near Kirkland AFB.
- Added:
- Aug 12, 2025
- Days on Market:
- 319
- Last Refresh:
- May 20 at 9:15 pm
Property Features for 9921 Southern Ave SE
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- INDUSTRIAL
Listing office Coldwell Banker - Legacy | Paseo del Norte (505) 228-3338
Listing date Aug 12, 2025
Source Moodyscre
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
HighLights
- Fully tenant‑occupied by long‑standing tenants
- Excellent investment opportunity
- Prime commercial building zoned light industrial
- Six attached bays
- Located next to Kirkland Air Force Base
- Paved parking available
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $9.00 |
| − Vacancy | −$4.1k | −$0.41 |
| EGI | $86.0k | $8.59 |
| − OpEx | −$25.8k | −$2.58 |
| NOI | $60.2k | $6.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.537
- Latitude
- 35.0677
