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    Irving Blvd Albuquerque, NM 87114

    Sponsored
    For Sale
    $2,700,000

    8.73 Acres, Prime Albuquerque Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.73-acre land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located on Irving Blvd NW, in the desirable 87114 zip code, this property boasts a prime location with convenient access to Golf Course Rd. The zoning designation is MX-L, permitting both retail and multifamily development. This high-density area features a high median household income, making it an attractive location for various commercial and residential projects. The property benefits from pre-existing infrastructure, including convenient curb cuts on Golf Course Rd, offering immediate right-in/right-out access and a left-in median cut. This ready-to-develop land is priced at $2,700,000 and offers significant potential for substantial returns. The site's strategic location and existing infrastructure minimize development hurdles, making it an ideal choice for developers seeking a high-return investment in a thriving Albuquerque market. Bernalillo County location provides access to a robust infrastructure and a strong local economy. The property's size and zoning flexibility allow for a wide range of development possibilities, catering to diverse investment strategies. This is a rare opportunity to acquire a large, well-situated parcel in a rapidly growing area.

    Property Features for 0 Irving Blvd

    General Information

    Property type
    Land
    Lot Size
    380,279 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7039413
    Latitude
    35.2033193

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    FAQs

    What type of property is this?
    Land - 8.73 Acres, Prime Albuquerque Location
    Where is this land located?
    The property is located at Irving Blvd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,700,000.
    (505) 998-1656
    Request Owner's contact information
    Irving Blvd Albuquerque, NM 87114
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    Albuquerque, NM 87114
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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
    Irving Blvd Albuquerque, NM 87114
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