Industrial Flex
For Sale
$535,788
D-1823 Commercial St Ne, Albuquerque, NM 87102
Existing tenant occupancy extends through May 1, 2028, with NNN lease structure.
Property Size4,961 SF
Price / SF$108
Days on Market437
Property Features for D-1823 Commercial St Ne
General Information
Standard status
Active
Size
4,961 SF
Financials
Asking Price
$535,788
Cap Rate
8%
Gross Income
$44,711
Taxes and HOA fees
Annual Taxes
$35,357
Listing Agency:
Berkshire Hathaway NM Prop
(505) 798-6300
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Source:
Exprealty
Added: Aug 13, 2025
Changed: Oct 5
Last Checked: Oct 21 at 2:44AM
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 Berkshire Hathaway NM Prop
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite D at 1823 Commercial St NE in Albuquerque, NM contains 4,961 SF of industrial/flex space. The property is occupied by a tenant under an arrangement extending through May 1, 2028, providing an established occupancy profile for a purchaser.
The offering carries an 8% cap rate and an NNN structure. Its flex-space classification supports both investment ownership and potential owner-user consideration, subject to the existing tenancy and applicable lease terms.
The offering carries an 8% cap rate and an NNN structure. Its flex-space classification supports both investment ownership and potential owner-user consideration, subject to the existing tenancy and applicable lease terms.
Key Highlights
- 4,961 SF Suite D industrial/flex space
- Tenant in place through May 1, 2028
- 8% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,113
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,260
$882.3K
Cap Rate 7%
$630,186
$630.2K
Cap Rate 9%
$490,144
$490.1K
Market Conditions
NOI Build-Up for 4,961 SF
Gross rent
$71.4K $14.40/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$67.9K $13.68/SF
− OpEx
−$23.8K −$4.79/SF
NOI
$44.1K $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 Rate 5%
$882,260
Cap Rate 7%
$630,186
Cap Rate 9%
$490,144
Alternative Uses
Best Use
Flex RnD
$630.2K
$551.4K – $735.2K
NOI $44,113 @ 7.0% cap · market cap 8.23%
Second Best
Industrial
$426.4K
$373.1K – $497.5K
NOI $29,848 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,012 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- City Treats Parties — 1701 4th St SW, Albuquerque, NM 87102
- a lotta enchilada 505 — albuquerque, nm 87102
Frequently Asked Questions
What type of property is this?
Flex space - Existing tenant occupancy extends through May 1, 2028, with NNN lease structure.
Where is this flex space located?
The property is located at D-1823 Commercial St Ne Albuquerque, NM.
What is the asking price?
The asking price for this property is $535,788.
What are key features of this property?
This property features: 4,961 SF Suite D industrial/flex space; Tenant in place through May 1, 2028; 8% cap rate
