Marble Brewery NNN
For Sale
Contact for pricing
Marble Avenue, Albuquerque, NM 87102
Three-parcel downtown campus with an absolute NNN master lease and mixed-use light manufacturing zoning.
Property Size19,793 SF
Lot Size0.97 Acres
Price / SF$202.09
Days on Market78
Property Features for Marble Avenue
General Information
Standard status
Active
Size
19,793 SF
Lot size
0.97 Acres
Property subtype
Retail
Zoning
Non-Residential Light Manufacturing (NR-LM), Mixed-Use Moderate Intensity (MX-M)
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$612,000
Site & Location
Neighborhood
Acr
Additional Details
Cap Rate
8%
Building Details
Year Built
1908
Year Renovated
2018
Buildings
2
Stories
2
Tenancy
Single
Building Size
19,793 SF
Listing Agency:
Real Estate Advisors LLC
Listed By:
Jacob Rocker · License #NM 52736
(505) 226-3929
Source:
Crexi
Added: Aug 14
Changed: Oct 28
Last Checked: Oct 28 at 6:57AM
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 Real Estate Advisors LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Marble Brewery real estate campus comprises three parcels totaling 42,310 square feet of land and 19,793 square feet of building area. The improvements date to 1908 and are subject to a 20-year Absolute NNN master lease with a corporate guaranty. Under the lease structure, the tenant is responsible for taxes, insurance, utilities, maintenance, and structural obligations.
Located in Downtown Albuquerque, the property is zoned Non-Residential Light Manufacturing (NR-LM) and Mixed-Use Moderate Intensity (MX-M). The assembly also includes a 7,000-square-foot vacant parcel that could accommodate an approximately 5,000-square-foot warehouse building. The tenant has indicated interest in leasing that future building under a pre-negotiated lease arrangement upon completion.
Located in Downtown Albuquerque, the property is zoned Non-Residential Light Manufacturing (NR-LM) and Mixed-Use Moderate Intensity (MX-M). The assembly also includes a 7,000-square-foot vacant parcel that could accommodate an approximately 5,000-square-foot warehouse building. The tenant has indicated interest in leasing that future building under a pre-negotiated lease arrangement upon completion.
Key Highlights
- 42,310 square feet of land across a three‑parcel assembly
- 19,793 square feet of building area; improvements date to 1908
- 20‑year Absolute NNN master lease with corporate lease guaranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,085
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,381,700
$2.4M
Cap Rate 7%
$1,701,214
$1.7M
Cap Rate 9%
$1,323,167
$1.3M
Market Conditions
NOI Build-Up for 19,793 SF
Gross rent
$178.1K $9.00/SF
− Vacancy
−$8.0K −$0.41/SF
EGI
$170.1K $8.59/SF
− OpEx
−$51.0K −$2.58/SF
NOI
$119.1K $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%
$2,381,700
Cap Rate 7%
$1,701,214
Cap Rate 9%
$1,323,167
Alternative Uses
Best Use
Industrial
$1.70M
$1.49M – $1.98M
NOI $119,085 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,183 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,769
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
NNN property - Three-parcel downtown campus with an absolute NNN master lease and mixed-use light manufacturing zoning.
Where is this nnn property located?
The property is located at Marble Avenue Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 42,310 square feet of land across a three‑parcel assembly; 19,793 square feet of building area; improvements date to 1908; 20‑year Absolute NNN master lease with corporate lease guaranty
