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    1701 Randolph Ct Albuquerque, NM 87106

    For Sale
    $400,000

    1.32-acre lot, build-to-suit, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.32-acre commercial land parcel, located at 1701 Randolph Ct SE in Albuquerque, New Mexico, presents a unique build-to-suit opportunity. Priced at $400,000, this vacant lot boasts stunning views of the Albuquerque skyline and is situated in a highly desirable Opportunity Zone. The property's zoning designation is NR-BP, allowing for a variety of potential uses including office space, industrial facilities, charter schools, veterinary services, and fitness centers. Its strategic location offers easy access to major transportation arteries such as I-25, Kirkland Airport Base, and Sunport International Airport, as well as the University of New Mexico. Existing improvements are on the site. The seller is open to exploring ground lease and/or partnership options. This is an exceptional investment opportunity for developers seeking a prime location with significant potential for growth and return. The property's 87106 zip code and convenient access to key infrastructure make it an ideal location for a wide range of commercial ventures. Don't miss this chance to acquire a valuable asset in a thriving Albuquerque market.

    Property Features for 1701 Randolph Ct

    General Information

    Property type
    Land
    Lot Size
    57,499 SF

    HighLights

    • Located in an Opportunity Zone.
    • Easy access to I‑25, Kirkland Air Force Base, Sunport International Airport, and UNM.
    • 1.32‑acre vacant land with existing improvements.
    • Stunning Albuquerque city views.
    • Build‑to‑suit opportunities available.
    • NR‑BP zoning allows for office, industrial, charter school, veterinary, and fitness uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6276805
    Latitude
    35.0540673

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    FAQs

    What type of property is this?
    Land - 1.32-acre lot, build-to-suit, prime location.
    Where is this land located?
    The property is located at 1701 Randolph Ct Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Located in an Opportunity Zone.; Easy access to I-25, Kirkland Air Force Base, Sunport International Airport, and UNM.; 1.32-acre vacant land with existing improvements.
    Request Owner's contact information
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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
    1701 Randolph Ct Albuquerque, NM 87106
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