For Sale
$545,710

1823 Commercial StAlbuquerque, NM 87102

High-yield industrial property, immediate cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Albuquerque investment opportunity presents a 4,961-square-foot Class C warehouse situated on a 2.035-acre lot (APN: 101405942002640719). Currently vacant, this single-story building boasts an impressive 18-foot ceiling height, one loading dock, and a 12' roll-up door, making it ideal for various industrial uses. The property is zoned NR-LM and features 3-phase electrical capacity and epoxy-sealed warehouse floors. The building includes approximately 4,461 square feet of warehouse space and 500 square feet of office space. Located at 1823 Commercial St NE Suite D, Albuquerque, NM 87102, this property offers convenient access, less than a mile from the I-25 and I-40 interchange. Previously leased to a multi-state operator, the property offers a strong history of on-time rent payments and a below-market rent, resulting in an 8.19% cap rate and a current monthly income of $3,725 plus NNN expenses. The property is approved for food storage and distribution. The asking price is $545,710 ($110/sq ft). This represents a compelling opportunity for investors seeking immediate cash flow and strong long-term potential. The property is currently vacant, allowing for immediate lease-up at market rates.

Highlights

  • 8.19% Cap Rate.
  • $3,725/month net income plus NNN expenses.
  • Below-market rent.
  • 4,961 SF Class C warehouse on a 2.035-acre lot (APN: 101405942002640719).
  • Epoxy-sealed floors, 18' ceiling height, one loading dock, and a 12' roll-up door.
  • 4,461 SF warehouse and 500 SF office space.

Property Details for 1823 Commercial St

Property type
Warehouses, Industrial properties
Square Feet
4,961 SF
Class
C
Stories
1
Lot Size (sq. ft)
88,645 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1029158
Longitude
-106.6430148
1823 Commercial St, Albuquerque, New Mexico

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1823 Commercial St
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