Industrial Property for Sale in Albuquerque, NM

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Albuquerque, NM 87102
  • Size: 4,535 SF

Description

A WORLD OF OPPORTUNITY AWAITS at 637 Broadway Boulevard SE, where two prime buildings are linked by a breezeway—a peaceful spot for outdoor seating. Imagine your retail vision coming to life in this MX-L zoned gem, with spacious offices, clever storage, a handy kitchenette, grand display rooms, and modern bathrooms. Whether it's a boutique, café, or creative hub, this space offers a canvas ripe for artistic innovation. Imagine transforming the ample square footage into a performing arts space or a film studio—two creative concepts that could thrive in this vibrant location. Current tenant is in year 2 of a 5-year Lease with a potential for 8% CAP Rate! Current rent for primary building is $8,000 a month, only expenses for a new buyer are taxes and insurance which current costs to owner are $3986.20 per year. Tenant only rents front building so back building and building at 635 can be owner occupied or leased out for even higher CAP Rate. 635 and 637 Broadway are listed here together or can be sold separate, see other listings Building SF: 4535 | Land Size: 0.104 Ac | Listing Type: FOR SALE

Market Context

This industrial in Albuquerque, NM is listed for sale at $1,100,000 across 4,535 SF ($243/SF). It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing industrial assets. It has been on the market for 23 days. Compare it against other industrial listings for sale in Albuquerque, NM — <a href="/search/sale/industrial/new-mexico/albuquerque">view the full market</a>.

Unified Estimate

Medium Confidence

$183.94/SF – $242.56/SF

Mid: $216.40/SF

Total estimate for 4,535 SF: $981,374

Rate-first confidence-weighted blend with cost-of-business adjustment.

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