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Property profile

1235 Aspen NW Ave Albuquerque, NM 87104

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US61-0282554
View Sample
17,100 SF 1.97 ac lot Built 1955
Entity Owned 1-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1955
Total area 17,100 SF
Lot 1.97 ac (85,813 SF)
APN 1-013-059-465-038-4-03-06
UPID US61-0282554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue Music Venue
  • Rental Equipment Company
  • Rental Equipment Company
  • Film Production

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$707k
Blend (final) Blend
$615k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2025
Price N/A
2021
$1.2M
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $910,000 +47.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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