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    Universe And Rainbow Albuquerque, NM 87120

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Land, High Growth Area

    Property size:
    23,958 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at the highly visible intersection of Universe and Rainbow in Albuquerque, New Mexico, presents a rare development opportunity. The 10.61-acre lot boasts a permitted MX-L, Low Intensity zoning designation, offering significant flexibility for a variety of commercial uses. With a total square footage ranging from 23,958 to a substantial 1,902,700, this site caters to projects of diverse scales. The property's strategic location within a rapidly expanding residential area ensures high visibility and strong potential for customer traffic. All utilities are conveniently in place, simplifying the development process and minimizing upfront costs. The fully signalized intersection further enhances accessibility and visibility, making this an ideal location for retail establishments, commercial buildings, or mixed-use developments. The APN is 100906348131011301, and the property is situated in Bernalillo County, New Mexico, zip code 87120. This unique offering represents a compelling investment prospect in a thriving Albuquerque market. Don't miss this chance to secure a prime commercial site in a high-growth area.

    Property Features for 0 Universe And Rainbow

    General Information

    Property type
    Land
    Square Feet
    23,958 SF
    Lot Size
    462,172 SF

    HighLights

    • All utilities are in place.
    • Fully signalized intersection at Universe and Rainbow.
    • Located in a high‑growth residential area of Albuquerque, NM.
    • Rare 10.61‑acre commercial lot (APN 100906348131011301) with MX‑L zoning, allowing for diverse development up to 1,902,700 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7285192
    Latitude
    35.1685059

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Growth Area
    Where is this land located?
    The property is located at Universe And Rainbow Albuquerque, NM.
    What are key features of this property?
    This property features: All utilities are in place.; Fully signalized intersection at Universe and Rainbow.; Located in a high-growth residential area of Albuquerque, NM.
    Request Owner's contact information
    Universe And Rainbow Albuquerque, NM 87120
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    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
    Universe And Rainbow Albuquerque, NM 87120
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