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    517 1St St SW Albuquerque, NM 87102

    For Sale
    $1,390,000

    LAND - Albuquerque, NM

    Lot size:
    0.49 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 517 1St St SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    101405723424533705
    Lot size
    0.49 Acres

    Utilities

    Sewer type
    Public Sewer

    NM Apartment Advisors Inc. (505) 440-8633 [email protected]

    Listing agent Todd D Clarke (505) 440-8633 License #13711

    Listing date Nov 16, 2025

    MLS# 1072123 Listing URL

    Copyright © 2025 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.

    Overview

    Albuquerque Land Ready For Development

    This 0.49-acre land parcel in Albuquerque, NM, is suited for multi-family development. Current plans propose 100 units with first-floor parking and a rooftop deck. The property is located west of the planned $70 million Rail Trail, south of the Alvarado Transportation Hub, southwest of the ABQ Innovation District, and northwest of the under-development NM Media Academy, positioning it on the east side of the Central Business District. The asking price is $1,390,000, equating to a price per unit of $17,500 and a price per square foot of $82.33. The property might qualify for financing from the NMFA Opportunity Enterprise Housing Development Fund.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aramark Uniform Services ... Uniform Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.649264
    Latitude
    35.07951

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    FAQs

    What type of property is this?
    Commercial land - Land with plans for 100 multi-family units in Albuquerque.
    Where is this commercial land located?
    The property is located at 517 1St St SW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: - Existing plans for 100 multi-family units featuring first-floor parking and a rooftop deck amenity.; - Potential qualification for NMFA Opportunity Enterprise Housing Development Fund financing.; - Located directly west of the planned $70M Rail Trail.
    (505) 440-8633
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    517 1St St SW Albuquerque, NM 87102
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    Albuquerque, NM 87102
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    Realmo Value Estimation

    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.

    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.

    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
    517 1St St SW Albuquerque, NM 87102
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