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    3712 Tower Rd Albuquerque, NM 87121

    Sponsored
    For Sale
    $2,420,847

    Prime Commercial Land, High Traffic Area

    Property size:
    267,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.14-acre vacant land parcel, located at 3712 Tower Rd SW in Albuquerque, New Mexico, presents a compelling investment opportunity. Currently zoned C-1 by Bernalillo County, this property offers 267,450 square feet of development potential, ideal for a variety of commercial uses. The asking price is $2,420,847, translating to a price per square foot of $9.05. Situated at a signalized intersection, the property boasts abundant Coors frontage and benefits from high traffic counts, making it an attractive location for retail businesses. The area is experiencing rapid residential growth, creating a high demand for services and establishing a strong potential customer base. This represents a rare chance to capitalize on the burgeoning growth in a highly underserved trade area. The property is currently vacant, providing immediate development flexibility. This is a unique opportunity to acquire a substantial commercial land parcel in a prime Albuquerque location with significant upside potential. The property's location within a fast-growing residential metro area ensures a strong and expanding market for any future development. The C-1 zoning allows for a wide range of commercial uses, providing flexibility for investors and developers. Don't miss this chance to secure a prominent position in Albuquerque's thriving commercial landscape. The zip code is 87121.

    Property Features for 3712 Tower Rd

    General Information

    Property type
    Land
    Square Feet
    267,450 SF
    Lot Size
    267,458 SF

    HighLights

    • High‑traffic Coors Blvd frontage.
    • Underserved trade area with strong service demand.
    • Rapid residential growth.
    • C‑1 zoning (Bernalillo County).
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7108783
    Latitude
    35.0658603

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at 3712 Tower Rd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,420,847.
    What are key features of this property?
    This property features: High-traffic Coors Blvd frontage.; Underserved trade area with strong service demand.; Rapid residential growth.
    Request Owner's contact information
    3712 Tower Rd Albuquerque, NM 87121
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    Albuquerque, NM 87121
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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
    3712 Tower Rd Albuquerque, NM 87121
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