Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Bobby Foster Rd Albuquerque, NM 87105

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available in master-planned community near major employers.

    Lot size:
    14.47 Acres

    Property Features for Bobby Foster Rd

    General Information

    Lot size
    14.47 Acres

    We can help!

    Listing Contact
    Matthew Butkus
    Matthew Butkus
    Source: Moodyscre

    Listing Agent: Matthew Butkus

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

    Learn more

    Property Insight Report

    Overview

    Development Ready Land in Albuquerque

    Located in an Opportunity Zone, this land offers potential tax benefits and a quick construction turnaround. Situated within Mesa Del Sol, the largest master-planned community in New Mexico, which anticipates 37,500 new households and a population of 100,000, this property is positioned near Fidelity Investments, Netflix’s 400-acre studio campus, and Isleta Amphitheater. Interstate 25 is approximately 1.5 miles away, providing convenient access to Downtown Albuquerque and North Valley in under 10 minutes. Access to fiber networks is available. This land is located in the heart of Mesa del Sol’s Innovation Park, a master-planned community that hosts the Netflix production HUB, Fidelity Investments, United Poly, CFV, Kevothermal, and GSA. Innovation Park offers land tracts with utility infrastructure suitable for industrial, office, retail, multi-family, and hospitality uses. Netflix is developing new stages, post-production services, offices, mills, and backlots on over 300 acres, with operations expected to begin in early 2024. Maxeon Solar Technologies has announced a $1 billion manufacturing investment on a 160-acre site, projected to create up to 1,800 new manufacturing jobs. Maxeon will develop a 3-gigawatt facility to produce solar panels for residential and commercial use. Mesa del Sol is a 12,900-acre, mixed-use community in Albuquerque, surrounded by major employers including Kirtland Air Force Base, Sandia National Labs, and Netflix. The I-25/I-40 interchange is approximately 7.5 miles away, and Albuquerque International Airport is approximately 3 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.649052
    Latitude
    34.999663

    Nearby Similar for Sale

    • $1,375,000
      8,134 SF

      Historic Route 66 Ranch Property

      Historic Route 66 ranch on 10.7 acres with multiple units.
      24 Matisse Rd NE, Albuquerque, NM 87123
      View Details
    • $3,000,000
      2.04 Acres

      Historic Restaurant in Los Ranchos

      Long-standing New Mexican restaurant with full bar and spacious patios.
      8032 4Th St NW, Los Ranchos, NM 87114
      View Details
    • $590,000
      1,372 SF

      Turnkey Tri-Plex in Huning Highland

      Well-maintained triplex with income potential near Downtown, UNM, Nob Hill.
      508 Walter St SE, Albuquerque, NM 87102
      View Details
    • $3,330,000
      1.20 Acres

      Albuquerque Industrial Property For Sale

      Versatile multi-suite industrial property in a sought-after location.
      2105 Aztec Rd NE, Albuquerque, NM 87107
      View Details
    • $1,020,000
      0.46 Acres

      Mixed-Use Property Near Old Town

      Mixed-use property near downtown and historic Old Town Albuquerque.
      119 San Pasquale Ave SW, Albuquerque, NM 87104
      View Details
    • New
      $1,600,000
      6,148 SF

      Modern Albuquerque Multifamily Investment Property

      Newer 6-unit building, currently Airbnb rentals, strong income potential.
      615 Iron Ave SW, Albuquerque, NM 87102
      View Details
    • $1,060,000
      4,805 SF

      Updated Multifamily Compound in Albuquerque

      Revitalized 7-unit property near UNM, CNM, and Kirtland AFB.
      1003-1005 Carlisle Blvd SE, Albuquerque, NM 87106
      View Details
    • $539,000
      2,325 SF

      Nob Hill Home with ADU

      Charming, updated Nob Hill home with additional dwelling unit.
      211 Amherst Dr SE, Albuquerque, NM 87106
      View Details
    • $399,000
      1,528 SF

      Renovated Duplex in Historic District

      Charming, renovated duplex near Presbyterian Hospital and UNM Main Campus.
      520 Iron Ave SE, Albuquerque, NM 87102
      View Details
    • $850,000
      0.86 Acres

      Albuquerque Commercial Live/Work Space

      Versatile commercial property with warehouse, office, and residential features.
      8612 Paseo Alameda NE, Albuquerque, NM 87113
      View Details
    • New
      $525,000
      2,506 SF

      Nob Hill Income Property

      6-bed/2-bath near UNM/CNM, hospitals, shops, businesses.
      4244 Broadmoor Ave NE, Albuquerque, NM 87108
      View Details
    • $1,495,000
      10.50 Acres

      Albuquerque Riverfront Equestrian Legacy Land

      10.5-acre irrigated riverfront property with equestrian legacy in Albuquerque.
      7102 Ilfield Rd SW, Albuquerque, NM 87105
      View Details

    FAQs

    What type of property is this?
    Land - Land available in master-planned community near major employers.
    Where is this land located?
    The property is located at Bobby Foster Rd Albuquerque, NM.
    What are key features of this property?
    This property features: - Located in an Opportunity Zone, offering potential tax benefits with parcels zoned and entitled for speedy construction.; - Part of Mesa Del Sol, the largest master-planned community in New Mexico, projecting significant growth.; - Anchored by major employers like Netflix and Fidelity Investments.
    (505) 507-0212
    Request Owner's contact information
    Bobby Foster Rd Albuquerque, NM 87105
    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.
    Bobby Foster Rd
    Albuquerque, NM 87105
    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
    Bobby Foster Rd Albuquerque, NM 87105
    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

    We can help!
    Listing Contact
    Matthew Butkus
    Matthew Butkus
    (505) 507-0212
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.