Property profile

3320 2Nd St NW Albuquerque, NM 87107

FOR LEASE
Manufacturing properties
Property ID
US61-0131436
11,176 SF 1.02 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,176-square-foot property in Bernalillo County presents a unique investment opportunity. Situated on 1.02 acres, this single-tenant building boasts a prime location less than a mile from the intersection of Interstates 40 and 25, ensuring high visibility and accessibility. Built in 1972 and classified as Class B, the property features a well-maintained blend of retail and warehouse space. The retail storefront encompasses approximately 2,500 square feet, while the warehouse area totals approximately 8,600 square feet, offering ample storage and operational space. Warehouse ceiling heights reach 14 to 16 feet, accommodating various needs. The property includes 3-phase power and secure perimeter fencing, enhancing security and operational efficiency. The zoning is NR-LM. This turn-key bakery space, formerly occupied by a well-established business, comes complete with all fixtures, furniture, and equipment (FF&E), which the owner is willing to remove if desired. The property benefits from excellent visibility, with an estimated 18,200 cars passing daily. This centrally located property offers significant potential for a variety of businesses seeking a versatile and strategically positioned space.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1971
Total area 11,176 SF
Lot 1.02 ac (44,257 SF)
APN 1-014-060-462-008-4-03-04
UPID US61-0131436

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
  • Bakery Specialty Food Shop

Location

3320 2Nd St NW Albuquerque, NM 87107
Albuquerque metro Census 2900 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2023
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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