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Property profile & analytics
OFF-MARKET Estimated value $735,000
Warehouses

3426 Vassar NE Dr Albuquerque, NM 87107-2063

7,776 SF 0.79 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0265927
Property summary
AI-generated overview

This 2,000-square-foot Albuquerque property offers a unique blend of office and warehouse space, previously utilized for cannabis packaging and manufacturing. The building features a secure warehouse area equipped with a cage safe, a comprehensive security system, and a reinforced garage door, all remnants of its previous use. Two bathrooms are conveniently located—one in the warehouse and another in the front office area. The space is cooled by refrigerated air. The property boasts ample parking directly in front and benefits from excellent access to major transportation arteries, with its strategic location near I-25 and I-40 allowing for easy access for large trucks. The wide alleyway behind the building easily accommodates large vehicle traffic. The current electrical system is single-phase, but upgrade potential to three-phase exists. The monthly rent is $2,800, and the tenant is responsible for all utilities. This adaptable space presents a compelling opportunity for businesses seeking a secure and well-equipped facility in a prime Albuquerque location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 7,776 SF
Lot 0.79 ac (34,412 SF)
APN 1-016-060-210-099-3-04-27
UPID US61-0265927
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Roadrunner Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
  • Southwest Furniture Production Facility Furniture & Home Goods
  • Bien Loca Industries Agricultural Service
  • Sandia Decorators Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$820k
Comparable Approach Comparable
$650k
Blend (final) Blend
$735k
Owner & transaction history
Focus Management Group LLC · 1 yrs held
Focus Management Group LLC
since 2024
6 recorded transactions
2024
Price N/A
2018
Price N/A
2017
$133,000
2016
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.1M +149.5%
Commercial (general) $980,000 +123.5%
Retail stores $820,000 +86.3%
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