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    106Th St Albuquerque, NM 87121

    For Sale
    $1,398,712

    Prime Albuquerque residential land, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 9.88-acre parcel, located at the Northwest corner of 106th and Eucariz SW in Albuquerque, New Mexico (APN: 100805637929410104), presents a unique investment opportunity. Zoned for residential development, this property boasts significant potential for high-density housing. Half of the land is approved for 20 dwelling units per acre, while the other half is approved for 9 dwelling units per acre, offering flexibility for various development plans. The site benefits from its strategic location adjacent to existing single-family residential developments, ensuring seamless integration into the established community. All utilities are readily available at the site, and paved access ensures convenient construction and future resident accessibility. The asking price for this remarkable property is $1,398,712. This Albuquerque land offers a compelling opportunity for developers seeking to capitalize on the strong demand for residential housing in a desirable location. The property's size and zoning make it ideal for a variety of residential projects, from townhomes to single-family homes. With its convenient access to utilities and paved roads, this land is ready for immediate development. Don't miss this chance to acquire a prime piece of Albuquerque real estate.

    Property Features for 0 106Th St

    General Information

    Property type
    Land
    Lot Size
    430,373 SF

    HighLights

    • 9.88‑acre residential land parcel in Albuquerque, NM (APN: 100805637929410104).
    • High‑density residential entitlements.
    • One half approved for 20 dwelling units per acre; the other half approved for 9 dwelling units per acre.
    • Adjacent to existing single‑family homes.
    • All utilities available on‑site.
    • Paved access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7339191
    Latitude
    35.0665561

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque residential land, high-density potential.
    Where is this land located?
    The property is located at 106Th St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,398,712.
    What are key features of this property?
    This property features: 9.88-acre residential land parcel in Albuquerque, NM (APN: 100805637929410104).; High-density residential entitlements.; One half approved for 20 dwelling units per acre; the other half approved for 9 dwelling units per acre.
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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
    106Th St Albuquerque, NM 87121
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