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    1101-1219 Main St Los Lunas, NM 87031

    For Sale
    $6,000,000

    Prime 17-acre pad site, Main St. frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17.854-acre commercial land parcel presents a remarkable mixed-use development opportunity in the thriving Los Lunas, New Mexico market. Located at 1101-1219 Main St. SW, this C-1 zoned property boasts an impressive 803 feet of Main Street frontage, ensuring high visibility and excellent traffic counts. The asking price is $6,000,000, translating to a land value of $7.71 per square foot. Its strategic location offers unparalleled access to key regional assets, including Interstate 25, Albuquerque International Airport, the Facebook Data Center, and Netflix Studios, making it an ideal site for a variety of pad site users. The property sits within a dense and rapidly developing retail corridor, promising strong returns on investment. This prime location in a fast-growing area presents a unique chance to capitalize on the increasing demand for commercial space in Los Lunas. The expansive lot size allows for significant development potential, catering to a wide range of commercial ventures. Don't miss this exceptional opportunity to secure a prominent location in a vibrant and expanding market. The property is situated in Valencia County, New Mexico, zip code 87031.

    Property Features for 1101-1219 Main St

    General Information

    Property type
    Land
    Lot Size
    777,720 SF

    HighLights

    • Excellent pad site opportunity for diverse users.
    • High‑profile Main Street location with 803 feet of frontage.
    • Convenient access to I‑25, Albuquerque International Airport, Facebook, and Netflix.
    • High visibility and strong traffic counts.
    • Located in a dense, rapidly growing retail area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.74678747
    Latitude
    34.81437152

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    FAQs

    What type of property is this?
    Land - Prime 17-acre pad site, Main St. frontage.
    Where is this land located?
    The property is located at 1101-1219 Main St Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Excellent pad site opportunity for diverse users.; High-profile Main Street location with 803 feet of frontage.; Convenient access to I-25, Albuquerque International Airport, Facebook, and Netflix.
    (505) 238-7707
    Request Owner's contact information
    1101-1219 Main St Los Lunas, NM 87031
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    Los Lunas, NM 87031
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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
    1101-1219 Main St Los Lunas, NM 87031
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