Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    500 Mountain Road NE Albuquerque, NM 87102

    View on Map
    Claim this Listing
    For Sale
    $289,900

    LAND - Albuquerque, NM

    Lot size:
    0.56 Acres
    Added:
    May 11, 2025
    Days on Market:
    362
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 500 Mountain Road NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    101405850424144211
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3702

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sally Ann Sacco
    Sally Ann Sacco

    Listing agent Sally Ann Sacco License #48937

    Listing office Coldwell Banker Legacy 10300 Cottonwood Park NW, Albuquerque, NM

    Listing date May 11, 2025

    MLS# 1084237 Listing URL

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location at the intersection of Mountain Rd and Edith Blvd, offering high visibility.
    • Zoned MX‑M, allowing for a wide range of development possibilities (see documents).
    • Convenient access points from both Edith and Mountain Roads.
    • Utilities are on‑site and/or nearby.
    • Close proximity to downtown, the Interstate, businesses, and residential areas.
    • Fenced property.

    Overview

    Albuquerque Land For Sale

    This 0.56-acre corner lot is located at the intersection of Mountain Road and Edith Boulevard in Albuquerque, offering high visibility. Zoned MX-M, the property allows for a variety of uses. A vacant 2,400 square-foot building is on site, previously used as a commercial space with an upstairs residential apartment. The City of Albuquerque has tagged the building as 'Substandard', indicating it requires extensive repairs or demolition. The property is near downtown, the Interstate, businesses, and residential areas. Access is available from both Edith and Mountain Roads, and utilities are on site or nearby. The building conveys 'as-is', making this land suitable for new development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnny Tapia Community ... Community Center Wells Park Park

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.640135
    Latitude
    35.094062

    Nearby Similar for Sale

    • $825,000

      Albuquerque Commercial Live/Work Space

      Versatile commercial property with live/work setup and climate-controlled warehouse.
      8612 PASEO ALAMEDA NE, Albuquerque, NM 87113
      View Details
    • $400,000

      Commercial Property in North Valley

      Versatile commercial property in Albuquerque's North Valley with two spaces.
      9807 4th Street NW, Albuquerque, NM 87114
      View Details
    • $679,000

      Route 66 Restaurant Opportunity

      Restaurant space along Albuquerque's iconic Route 66 corridor.
      5801 Central Avenue NE, Albuquerque, NM 87108
      View Details
    • $580,000

      Industrial Property with Inspection Pit

      Centrally located industrial property with fenced yard and inspection pit.
      1907 8th Street NW, Albuquerque, NM 87102
      View Details
    • $641,829
      4,194 SF

      Albuquerque Fourplex with Laundry

      Fourplex with two-bedroom units and in-unit laundry.
      3609 Wellesley Drive NE, Albuquerque, NM 87107
      View Details
    • $555,555
      2,660 SF

      Downtown Albuquerque Fourplex with Charm

      Charming fourplex in downtown Albuquerque, near amenities and attractions.
      715 Fruit Avenue NW, Albuquerque, NM 87102
      View Details
    • $615,833
      3,700 SF

      Albuquerque Fourplex in Residential Neighborhood

      Fourplex in established neighborhood setting near park in Albuquerque.
      12404 Rosemont Avenue NE, Albuquerque, NM 87112
      View Details
    • $559,900

      Albuquerque Land For Sale

      Land available in Albuquerque, New Mexico.
      47 Rock Ridge Drive NE, Albuquerque, NM 87122
      View Details
    • $479,900
      3,640 SF

      Albuquerque Fourplex Investment Opportunity

      Southeast Heights fourplex with fully rented units, great investment potential.
      530 Alvarado Drive SE, Albuquerque, NM 87108
      View Details
    • $385,000
      3,040 SF

      Albuquerque Multifamily Investment Opportunity

      Four-unit property near shopping, Kirtland AFB, and UNM.
      517 Palomas Drive SE, Albuquerque, NM 87108
      View Details
    • $275,000

      Albuquerque Commercial Land For Sale

      Prime infill commercial land in Albuquerque's International District.
      215 Wisconsin Street NE, Albuquerque, NM 87108
      View Details
    • $840,000
      5,475 SF

      Albuquerque Multifamily Investment Opportunity

      Well-maintained 8-unit property with strong rental demand in Albuquerque.
      631 & 633 Mesilla Street SE, Albuquerque, NM 87108
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot near downtown Albuquerque with high visibility.
    Where is this commercial land located?
    The property is located at 500 Mountain Road NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Prime corner location at the intersection of Mountain Rd and Edith Blvd, offering high visibility.; Zoned MX‑M, allowing for a wide range of development possibilities (see documents).; Convenient access points from both Edith and Mountain Roads.
    (505) 250-9179
    We can help!
    Listing Contact
    Sally Ann Sacco
    Sally Ann Sacco
    Real Estate License ID: 48937
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Mountain Road NE, Albuquerque, NM 87102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!