www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31262287
31262297

121 Virginia St NE, Albuquerque, NM 87108

MR
NM 20240120
Resolut RE Albuquerque
Resolut RE Albuquerque
Listed by Resolut RE Albuquerque
$665,000
94 days on market
Updated 77 days ago

121 Virginia Street

Details
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 7,385
Tenancy Vacant
Class B
Zoning MX-M
Ceiling Height 20'

High bay, high voltage industrial shop and office

Marketing description

Contractors & Trade Businesses – Ideal for electrical, plumbing, HVAC, or general contractors needing shop space, yard storage, and office operations in one location.

Automotive & Fleet Service – High-clear shop space, large bay doors, and pull through configuration support vehicle maintenance, repair, and fleet servicing.

Fabrication & Machine Shops – High-amperage power and open shop layout provide the infrastructure needed for welding, fabrication, and equipment based operations.

Equipment & Material Storage – Outside storage area and spacious interior allow for secure storage of tools, materials, trailers, and machinery.

Owner-Users Seeking Affordable Industrial Space – A cost-effective opportunity for businesses looking to own their facility while maintaining functional industrial capabilities.

121 Virginia presents an excellent opportunity to acquire a functional and versatile industrial property at an attractive price point. The property offers a combination of substantial shop space and well-finished office areas, making it ideal for a variety of owner-users including contractors, service companies, fabrication businesses, or light manufacturing operations.

The shop area provides generous open workspace, allowing room for equipment, storage, and efficient workflow. Whether used for mechanical work, automotive business, fabrication, distribution, or contractor operations, the layout supports practical day-to-day industrial use.

Complementing the shop is a clean and professional office component, providing comfortable space for administration, management, and customer interaction. This combination allows a business to operate both its field operations and administrative functions from one location.

One of the key advantages of 121 Virginia is its value pricing relative to comparable industrial properties, offering buyers the chance to secure a functional facility without the premium typically associated with larger industrial buildings. For businesses seeking affordable workshop ownership rather than leasing, this property represents a cost-effective way to control their operating space while building equity.

Overall, 121 Virginia delivers practical industrial functionality, usable office space, and strong value, making it an appealing option for owner-users looking for an affordable, ready-to-use facility.

121 Virginia is located in a well-established industrial area with convenient access to major transportation corridors throughout Albuquerque. The property benefits from its proximity to key arterial roads, allowing for efficient movement of service vehicles, equipment, and deliveries throughout the metro area.

Its central location provides quick connectivity to major commercial and industrial districts, making it practical for businesses that serve clients across Albuquerque and the surrounding region. The area is well suited for contractor yards, service operations, and light industrial users who benefit from both accessibility and functional industrial zoning.

Additionally, nearby amenities, suppliers, and service providers support day-to-day business operations, while the surrounding industrial environment makes the property compatible with a wide range of commercial and industrial uses.

Overall, the location offers strong accessibility, a business friendly industrial setting, and convenient access to the greater Albuquerque market, making it an efficient base of operations for many owner-users.

Investment highlights

  • Owner Finance available
  • Possible live work
  • Pull-Through Garage Configuration
  • Outside Storage / Yard Area
  • 20’ Clear Height Shop Space
  • 480 volt 3 phase power
  • 12’ drive in bay door
  • Sale Price $665,000
  • Available SF: 7,385 SF
  • Zoning: MX-M
  • HVAC Type 480 volt 3 phase power
  • Submarket: Southeast Heights / Central-San Pedro Corridor

Listing Contacts

MR
NM 20240120
Resolut RE Albuquerque
Resolut RE Albuquerque
Listed by Resolut RE Albuquerque

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
MX-M MixedMixed UseMixed Use Medium Intensity
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 154 uses
View all 154 uses
Last updated May 23, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Martin Richardson
License
20240120
Brokerage
Martin Richardson
Brokerage Phone
(505) 259-9989
Title
Commercial Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591