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    111 Glorieta St Albuquerque, NM 87123

    Sponsored
    For Sale
    Contact for pricing

    Prime Albuquerque location, high traffic, ready to develop.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.43-acre commercial land parcel presents a remarkable opportunity for retail development in Albuquerque, New Mexico. Located at 111 Glorieta St NE, 87123, this property boasts an MX-H zoning designation, allowing for a variety of commercial uses. Its strategic location near the busiest Sandia Labs/Kirtland AFB entrance ensures high visibility and accessibility, with an estimated 27,300 cars passing daily. The site offers excellent visibility and signage opportunities along Central Avenue, including monument and suite signage options. Multiple full-access points from Central Avenue provide convenient ingress and egress. The property is surrounded by a thriving mix of established local and national fast-food restaurants and big-box retailers, creating a strong retail environment. Its proximity to I-40 (within one mile) further enhances its accessibility and appeal. This ready-for-development site is ideal for investors and developers seeking a high-traffic, high-visibility location in a rapidly growing area of Albuquerque. The property's size and zoning make it suitable for a variety of retail concepts, offering significant potential for return on investment.

    Property Features for 111 Glorieta St

    General Information

    Property type
    Land
    Lot Size
    18,731 SF

    HighLights

    • 0.43‑acre commercial land parcel in Albuquerque, NM.
    • MX‑H zoning.
    • High visibility location near Sandia Labs/Kirtland AFB entrance, with exposure to approximately 27,300 vehicles daily.
    • Monument and suite signage opportunities along Central Avenue.
    • Multiple access points from Central Avenue.
    • Surrounded by established national and local retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -106.53356467834
    Latitude
    35.07308075296

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque location, high traffic, ready to develop.
    Where is this land located?
    The property is located at 111 Glorieta St Albuquerque, NM.
    What are key features of this property?
    This property features: 0.43-acre commercial land parcel in Albuquerque, NM.; MX-H zoning.; High visibility location near Sandia Labs/Kirtland AFB entrance, with exposure to approximately 27,300 vehicles daily.
    Request Owner's contact information
    111 Glorieta St Albuquerque, NM 87123
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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
    111 Glorieta St Albuquerque, NM 87123
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