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Property profile & analytics
OFF-MARKET Estimated value $8,710,000
Manufacturing properties

8000 Bluewater NW Rd Albuquerque, NM 87121-2062

202,320 SF 15.11 ac lot Built 2000
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US61-0167719
Property summary
AI-generated overview

This exceptional 201,720-square-foot Class B industrial distribution center, built in 2000, presents a compelling investment opportunity. Located at 8000 Bluewater Rd NW, Albuquerque, NM 87121, in the desirable West Mesa submarket of Bernalillo County, this single-building property boasts 100% occupancy with six diverse tenants, ensuring stable cash flow. The property features eight loading docks, 47 dock-high doors, and a 24-foot ceiling height, catering to a wide range of distribution needs. Ample parking is provided with 319 spaces. The property is offered as a Triple Net (NNN) lease, with varied unit sizes contributing to high tenant retention. This core investment benefits from a strong industrial market with low vacancy rates and significant potential for future rent growth due to shorter lease terms. The property's Asset Property Number (APN) is 1-010-57-152-327-20430, 1-010-057-109317-2-04-35. This is a rare chance to acquire a well-positioned, high-performing asset in a thriving market. The diversified tenant base mitigates risk, while the strong market dynamics promise continued growth and return on investment.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Total area 202,320 SF
Lot 15.11 ac (658,409 SF)
APN 1-010-057-152-327-2-04-30
UPID US61-0167719
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
  • Western Paper Distributors Inc Home Decor Store Department Store
  • Floor Coverings International & Shaw Big Box & Wholesale Store Building Supply
  • Gem State Distributors Inc Distribution Center Logistics Company
  • Ontrac Messenger Logistics Company Freight Service
  • Owens & Minor - Albuquerque Distribution Center Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.75M
Blend (final) Blend
$8.71M
Owner & transaction history
Lrf3 Abq Sandia Distribution Center · 1 yrs held
Lrf3 Abq Sandia Distribution Center
since 2025
2 recorded transactions
2025
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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