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    Montgomery And Juan Tabo Albuquerque, NM 87111

    Sponsored
    For Sale
    $992,000

    60,000 SF Pad-Ready Lot, $992,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,000 square foot commercial land parcel presents a rare opportunity in Albuquerque's desirable Far Northeast Heights. Located at the intersection of Montgomery and Juan Tabo, this pad-ready lot boasts a prime location within an established trade area, experiencing high traffic volume. With over 20,000 cars traversing Montgomery Boulevard daily, this site offers unparalleled visibility and accessibility for any commercial venture. The property is zoned MX-L, allowing for a variety of commercial uses. All utilities are conveniently located in the street, simplifying development and reducing infrastructure costs. This is one of the last remaining lots in this highly sought-after area, making it an exceptional investment opportunity. The asking price is $992,000, translating to a land value of $16.50 per square foot. Multiple access points further enhance the property's convenience and appeal, making it ideal for businesses seeking high visibility and easy access for customers and employees. This is a truly unique opportunity to secure a prominent location in a thriving Albuquerque neighborhood. Don't miss out on this exceptional chance to establish your business in a high-traffic, densely populated area.

    Property Features for 0 Montgomery And Juan Tabo

    General Information

    Property type
    Land

    HighLights

    • $992,000 asking price.
    • 60,000 square foot commercial land parcel.
    • MX‑L zoning.
    • $16.50/SF land value.
    • Located in Albuquerque, NM's Far Northeast Heights, a densely populated area.
    • Pad‑ready site with multiple access points and utilities at the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5157705
    Latitude
    35.1305956

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    FAQs

    What type of property is this?
    Land - 60,000 SF Pad-Ready Lot, $992,000
    Where is this land located?
    The property is located at Montgomery And Juan Tabo Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $992,000.
    What are key features of this property?
    This property features: $992,000 asking price.; 60,000 square foot commercial land parcel.; MX-L zoning.
    (505) 998-1562
    Request Owner's contact information
    Montgomery And Juan Tabo Albuquerque, NM 87111
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    Albuquerque, NM 87111
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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
    Montgomery And Juan Tabo Albuquerque, NM 87111
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