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    Nunzio Ave Albuquerque, NM 87114

    Sponsored
    For Sale
    $796,661

    Prime Albuquerque commercial land, stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.928-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at the southwest corner of Vista Fuenta Road and Nunzio Avenue, this developed site boasts convenient access from Eagle Ranch and Paradise Road, offering high visibility and accessibility. The property is zoned NR-C, allowing for a variety of commercial uses. Utilities are already extended to each lot, simplifying development and reducing upfront costs. The location offers significant advantages, including a highly visible position on Paseo del Norte, breathtaking mountain views, and proximity to established residential neighborhoods. Furthermore, the surrounding area is rich with amenities, including schools, churches, and various services, creating a desirable environment for businesses and attracting a strong customer base. The asking price for this exceptional property is $796,661.56. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial lot in a thriving Albuquerque community. The property's strategic location and existing infrastructure make it an ideal choice for developers seeking a prime location with significant potential for growth and return on investment. The 87114 zip code further enhances its appeal. Bernalillo County location provides access to a robust infrastructure and supportive business environment.

    Property Features for 0 Nunzio Ave

    General Information

    Property type
    Land
    Lot Size
    83,984 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6742298
    Latitude
    35.1823187

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque commercial land, stunning views.
    Where is this land located?
    The property is located at Nunzio Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $796,661.
    Request Owner's contact information
    Nunzio Ave Albuquerque, NM 87114
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    Albuquerque, NM 87114
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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
    Nunzio Ave Albuquerque, NM 87114
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