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    1235 Aspen NW Ave Albuquerque, NM 87104-2209
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    Property profile & analytics

    1235 Aspen NW Ave, Albuquerque, NM 87104-2209

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    • Refrigerated & Cold Storage
    • 17,100 SF
    • 1.97 lot acres
    Off-Market
    Last Sale Feb 14, 2024
    Property ID
    US61-0282554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alessi Hartigan Casting New Mexico / Theater & Performing Art Venue / Music Venue
    • The Costume House @ Monumental Studios / Rental Equipment Company
    • Monumental Costume Rentals and Supplies / Rental Equipment Company
    • Monumental Services / Film Production

    Property Details for 1235 Aspen NW Ave

    Year built
    1955
    Lot size
    1.97 lot acres
    Property type
    Refrigerated & Cold Storage
    APN
    1-013-059-465-038-4-03-06
    APU
    101305946503840306

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2025 — Aspen Building LLC Racquel Huslig Revocable Living Tru Warranty Deed —
    May 9, 2025 — Racquel Huslig Revocable Living Tru Racquel Huslig Deed · related —
    May 4, 2021 $1,200,000 Racquel Husling New Mexico Cold Storage LLC Land Contract $1M · Not Available
    Jan 31, 2007 — New Mexico Cold Storage LLC Morris,james P JR & Marilynn M Warranty Deed —
    — — James P Morris JR. — Deed Of Trust · related $50k · First Community Bank
    — — New Mexico Cold Storage LLC — Deed Of Trust · related $220k · Johnson Bank

    Description

    This exceptional Albuquerque industrial warehouse, located at 1235 Aspen Ave NW, presents a compelling owner-user opportunity. Boasting 19,100 square feet of space on a generous 2.1-acre lot, this property offers significant indoor and outdoor storage capacity. The warehouse features eight dock-high doors, facilitating efficient loading and unloading, and boasts ceiling heights ranging from 14 to 18 feet, providing ample vertical space for various industrial uses. The property is zoned NR-BP and benefits from convenient access to both I-40 and I-25, ensuring seamless transportation logistics. Additional features include three-phase power and access from both 12th Street and Aspen Avenue. The expansive lot provides ample room for expansion or outdoor operations. Its location on the Rail Trail 7-mile loop adds to its appeal. This property is ideally suited for businesses requiring substantial space and convenient access to major transportation arteries, making it an excellent investment for industrial users or those seeking significant operational flexibility. The asking price is $2,200,000.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $520,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $417k - $1.05M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $615,000
      Current use
      MEDICAL BUILDING
      $910,000
      Change: +47% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.659
    Latitude
    35.103
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,523
    $78,423
    $181,097
    $259,520
    -
    $235,293
    $543,346
    $778,639
    More about this property
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