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    10405 Central Ave Albuquerque, NM 87121

    For Sale
    $475,000

    Two-acre lot, ideal owner-user, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-acre commercial/light industrial land parcel, located at 105 Blessed Dr. NW in Albuquerque, New Mexico, presents a compelling owner-user investment opportunity. Zoned for Commercial/Light Industrial use, this property offers approximately 87,120 square feet of development potential. Situated in northwest Albuquerque, the property benefits from convenient access to Central Avenue NW, a major six-lane commercial corridor, and enjoys proximity to Interstate 40 via 98th Street, less than a mile away. While a formal soils analysis was not provided, a visual inspection revealed no apparent adverse soil conditions. The overall neighborhood accessibility is considered average. This property is priced at $475,000 and represents a rare chance to acquire a well-situated land parcel in a thriving Albuquerque commercial area. The property address is 105 Blessed Dr. NW, Albuquerque, NM 87121, within Bernalillo County.

    Property Features for 10405 Central Ave

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Two‑acre commercial/light industrial land parcel in Albuquerque, NM.
    • Zoned for Commercial/Light Industrial use, offering approximately 87,120 square feet of development potential.
    • Excellent location with convenient access to Central Ave NW and I‑40.
    • Owner‑user investment opportunity priced at $475,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Scaffold Systems Inc Scaffolding Rental Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.74770051313
    Latitude
    35.071598807727

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    FAQs

    What type of property is this?
    Land - Two-acre lot, ideal owner-user, prime location.
    Where is this land located?
    The property is located at 10405 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Two-acre commercial/light industrial land parcel in Albuquerque, NM.; Zoned for Commercial/Light Industrial use, offering approximately 87,120 square feet of development potential.; Excellent location with convenient access to Central Ave NW and I-40.
    Request Owner's contact information
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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
    10405 Central Ave Albuquerque, NM 87121
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