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    Universe And Rainbow Albuquerque Nm 87120 Albuquerque, NM

    For Sale
    $1,902,700

    Commercial land with infrastructure in high-growth residential area.

    Lot size:
    3.36 Acres

    Property Features for Universe And Rainbow Albuquerque Nm 87120

    General Information

    Lot size
    3.36 Acres

    Source: NAI SunVista - Albuquerque Agent Jim P Hakeem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Ready for Development

    This commercial land is ready for development, with all infrastructure in place. The property benefits from a signalized intersection and a hard corner location. Situated in a high residential growth area, there are over 9,730 housing units within a 2-mile radius. The location is in close proximity to the Ventana Ranch community and near numerous schools, with nearly 7,600 students within a 2-mile radius. All utilities are available to the lots, making this a rare selection for commercial sites in the area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6466306
    Latitude
    35.0720392

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    FAQs

    What type of property is this?
    Land - Commercial land with infrastructure in high-growth residential area.
    Where is this land located?
    The property is located at Universe And Rainbow Albuquerque Nm 87120 Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,902,700.
    What are key features of this property?
    This property features: - All infrastructure in place – ready for development; - High residential growth area: Over 9,730 housing units within a 2-mile radius; - Signalized intersection
    (505) 250-8542
    Request Owner's contact information
    Universe And Rainbow Albuquerque Nm 87120 Albuquerque, NM
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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
    Universe And Rainbow Albuquerque Nm 87120 Albuquerque, NM
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