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    98th St. & Sage Rd Albuquerque, NM 87121

    For Lease
    Contact for pricing

    High-traffic retail land, excellent visibility.

    Lot size:
    187,744 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at the southwest corner of 98th Street and Sage Road SW in Bernalillo County, presents a unique investment opportunity. The site encompasses 10.76 acres of land, offering multiple retail pad sites ranging from 1.13 to 1.92 acres each. The property boasts an MX-L zoning designation, ideal for a variety of commercial uses. Situated in a rapidly expanding, underserved market area, this location benefits from exceptional visibility on 98th Street, a highly trafficked corridor providing convenient access to and from Interstate 40. The intersection sees over 36,000 vehicles daily, ensuring significant exposure for potential tenants. The property's strategic location near Atrisco Heritage High School further enhances its appeal. All utilities are readily available on-site, simplifying development and operational costs. This is an unparalleled opportunity to capitalize on the growth and high traffic volume in this thriving area. The property is available for sale or lease, making it a flexible option for various investment strategies.

    Property Features for 98th St. & Sage Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    187,744 SF

    Unit(s) available at that property

    Space
    Lot 1C ±1.26 Acres
    Size
    54,886 SF
    Space
    Lot 1E ±1.13 Acres
    Size
    49,223 SF
    Space
    Lot 1A ±1.92 Acres
    Size
    83,635 SF

    HighLights

    • Retail and land opportunity in Bernalillo County.
    • Multiple tenancies available for sale or lease.
    • 10.76 acres total, with individual pad sites ranging from 1.13 to 1.92 acres.
    • MX‑L zoning.
    • High visibility location on 98th St. with excellent access.
    • High traffic count exceeding 36,000 vehicles daily at the intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7406011
    Latitude
    35.0557463

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, excellent visibility.
    Where is this land located?
    The property is located at 98th St. & Sage Rd Albuquerque, NM.
    What are key features of this property?
    This property features: Retail and land opportunity in Bernalillo County.; Multiple tenancies available for sale or lease.; 10.76 acres total, with individual pad sites ranging from 1.13 to 1.92 acres.
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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
    98th St. & Sage Rd Albuquerque, NM 87121
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