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    I-25 And Paseo Del Norte Albuquerque, NM 87109

    For Sale
    Contact for pricing

    High-volume mixed-use development opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.5 to 4.8-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at the prominent intersection of I-25 and Paseo Del Norte, this property boasts unparalleled visibility and accessibility, with over 147,000 vehicles passing daily. Zoned NR-BP and MX-M, it's ideally suited for a mixed-use development, capitalizing on the area's high traffic volume and strong demographics. The site benefits from its proximity to the highly successful Cabela's, a top-performing location nationally, attracting 680,900 annual visits and drawing customers statewide. Furthermore, its adjacency to the densely populated Northeast Heights residential area, boasting Albuquerque's highest average household income of $103,550, ensures a robust and affluent customer base. Multiple access points from I-25 and Paseo Del Norte provide convenient ingress and egress. This prime location within the Journal Center, a premier live, work, and play destination, offers unparalleled potential for a thriving commercial venture. The property's size and zoning flexibility allow for a wide range of development possibilities, making it an exceptional investment in a rapidly growing market.

    Property Features for I-25 And Paseo Del Norte

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Class A mixed‑use development opportunity in Albuquerque's Journal Center.
    • High visibility location at I‑25 and Paseo Del Norte.
    • Over 147,000 vehicles pass daily.
    • Strong anchor tenant: Top‑performing Cabela's (12th nationally) with 680,900 annual visits, drawing statewide customers.
    • Adjacent to affluent Northeast Heights residential area with $103,550 average household income.
    • Multiple I‑25 and Paseo Del Norte access points.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5882445435
    Latitude
    35.172931546459

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    FAQs

    What type of property is this?
    Land - High-volume mixed-use development opportunity
    Where is this land located?
    The property is located at I-25 And Paseo Del Norte Albuquerque, NM.
    What are key features of this property?
    This property features: Class A mixed-use development opportunity in Albuquerque's Journal Center.; High visibility location at I-25 and Paseo Del Norte.; Over 147,000 vehicles pass daily.
    Request Owner's contact information
    I-25 And Paseo Del Norte Albuquerque, NM 87109
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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
    I-25 And Paseo Del Norte Albuquerque, NM 87109
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