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29540488
29540507

1050 Carpenter St NE, Rio Rancho, NM 87144

Absolute Real Estate
Listed by Absolute Real Estate
$1,400,000
122 days on market
Updated 24 days ago

Carpenter Warehouse and RV Storage

Details
Property Type Industrial, Self Storage
Sub Type Warehouse
Square Footage 6,300
Net Rentable (SqFt) 6,300
Units 3
Cap Rate 6.86%
NOI $96,000
Occupancy 66%
Tenancy Single
Price per SqFt $222
Buildings 1
Stories 1
Acreage 2.000
Zoning M-1
Investment Type Owner/User
Ceiling Height 12-17

Two 1 Acre Parcels! Zoned M-1 with 6300 square foot Warehouse

Marketing description

Two one acre parcels for sale in the Northern corridor of Rio Rancho. The primary acre features a 6300 square foot warehouse separated into 3 equal sized bays. Two available for quick occupancy and the third has been leased by the same tenant for many years. The second parcel is currently used as RV and Boat storage. Lots of potential for an owner user to step in and get to work. Two cell towers on site have been sold and are not included in the sale.

Investment highlights

Seller is working on details for both cell tower easements. Please contact listing broker for showings. Seller is in the process of emptying the two bays that are not leased. Approximately $2000 per month in RV and Boat storage rent. Owner occupies one bay but can move out at time of sale. Seller prefers Mary Hewitt, First American Title.

Listing Contacts

Absolute Real Estate
Listed by Absolute Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$96,000.00
$8,000.00/mo

Valuation Metrics

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DSCR
6.86%
Cap Rate
6.86%
ROI

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