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    Paseo Del Norte & Kimmick Sec & Swc Albuquerque, NM 87120

    For Sale
    $10,042,758

    Prime Albuquerque development land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 29-acre commercial land parcel, located at the southeast and southwest corners of Paseo Del Norte and Kimmick in Albuquerque, New Mexico (zip code 87120), presents a unique investment opportunity. Priced at $10,042,758 ($7.95/SF land value), this property is zoned MX-L and boasts complete infrastructure readiness. All utilities are connected to the site, significantly reducing development costs and timelines. A signalized intersection ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The property is further enhanced by the availability of impact fee credits and the inclusion of completed off-site improvements within the asking price. The strategic location offers convenient access to established public schools, shopping centers, and thriving residential communities, guaranteeing a strong potential for return on investment. Lot splits are permitted, providing flexibility for developers to tailor the property to their specific needs. This is a rare opportunity to acquire a fully prepared, centrally located commercial land parcel in a rapidly growing area of Albuquerque. Don't miss this chance to capitalize on the significant potential of this prime development site.

    Property Features for 0 Paseo Del Norte & Kimmick Sec & Swc

    General Information

    Property type
    Land
    Lot Size
    1,263,240 SF

    HighLights

    • Infrastructure complete.
    • Development‑ready site.
    • Utilities on‑site.
    • Signalized intersection access.
    • Lot splits available.
    • Off‑site improvements included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7470536
    Latitude
    35.1509567

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque development land, ready to build.
    Where is this land located?
    The property is located at Paseo Del Norte & Kimmick Sec & Swc Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $10,042,758.
    What are key features of this property?
    This property features: Infrastructure complete.; Development-ready site.; Utilities on-site.
    Request Owner's contact information
    Paseo Del Norte & Kimmick Sec & Swc Albuquerque, NM 87120
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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
    Paseo Del Norte & Kimmick Sec & Swc Albuquerque, NM 87120
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