10921 Central AveAlbuquerque, NM 87123

Property Details for 10921 Central Ave

Year built

1969

Lot size

0.69 AC

Property size (Sq ft)

10,201 SF

Property type

Retail space

APN

1-021-056-221-500-2-05-20

APU

102105622150020520

Description

This exceptional industrial warehouse property at 10921 Central Ave offers 10,009 square feet of versatile space, divided into four suites. Currently, 9,807 square feet are available, with a minimum divisible space of 2,246 square feet and a maximum contiguous space of 9,807 square feet. The single-story building boasts impressive 9' to 12' ceiling heights, perfect for various industrial uses. Four drive-in doors provide convenient access, complemented by a fenced yard with gated access and additional private yard space. The property features robust 1000 amp, 3-phase power, ensuring ample capacity for demanding operations. Located just three minutes from I-40, this location offers excellent accessibility. The property benefits from its position within a thriving research and development lab hub, and a large pylon sign enhances visibility. The property sits on 1.31 acres of land (lot size 0.83 - 1.31 acres) and is zoned MX-H. The building has undergone a complete remodel, including new HVAC and electrical systems, ensuring modern and efficient operation. Completion is anticipated for January 2025. This is an ideal opportunity for businesses seeking high-quality industrial space in a prime location. The APN is 102105622150020520.

• CAP approach

  CAP return

  Valuation

  6%

  $2,167,035

  6.5%

  $2,000,340

  7%

  $1,857,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,215,053

  Geo Method

  $2,123,873

• Alternative Use

  Use

  Valuation

  Residential

  $1,687,362

  Hospitality

  $1,545,614

  Educational

  $1,285,933

  Medical

  $1,330,158

  Retail

  $2,000,340

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0717

Longitude

-106.525

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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