Property profile

2006 Ridgecrest SE Dr Albuquerque, NM 87108

OFF-MARKET
Auto shops
Property ID
US61-0143698
2,240 SF 0.11 ac lot Built 1955
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This versatile 2,240-square-foot industrial warehouse in Albuquerque, New Mexico, is available for purchase at $385,000 ($171.88/sq ft). Located at 2006 Ridgecrest Dr SE, 87108, this single-story building sits on a 0.11-acre lot and boasts 14-foot ceiling heights, ideal for various uses. The property features convenient alley access and direct access to I-25 via Gibson Blvd, situated on a cul-de-sac for added security and ease of access. Two 10' x 10' grade-level roll-up doors provide easy loading and unloading. A small, approximately 100 square foot office space is included, along with a secure rear yard area accessible via an 11-foot wide double gate. The property is zoned MX-M, allowing for flexible usage options. Electrical service includes 120/240-volt, single-phase power. The occupancy date is November 6, 2023. This property presents a unique opportunity for businesses seeking a functional and well-located warehouse space in Albuquerque.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Total area 2,240 SF
Lot 0.11 ac (4,792 SF)
APN 1-017-056-500-046-4-08-10
UPID US61-0143698

Cap rate & NOI

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

Location

2006 Ridgecrest SE Dr Albuquerque, NM 87108-5227
Albuquerque metro Census 1101 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2016
Price N/A
2014
Price N/A
2007
Price N/A
2007
Price N/A
2001
$99,000
1969
Price N/A

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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