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    4004 2Nd St Albuquerque, NM 87107

    Sponsored
    For Sale
    $260,000

    0.14-acre lot, gated, secure storage, income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.14-acre commercial land parcel, located at 4004 2nd St NW in Albuquerque, New Mexico, presents a unique investment opportunity. Priced at $260,000, this property boasts a secure, fenced yard ideal for contractors or businesses requiring ample storage. The lot features gated access, ensuring the safety and security of equipment, materials, and vehicles. The property includes both indoor and outdoor storage options, enhancing its versatility. A key advantage is the existing monthly income generated from a lease agreement with a national cell phone service provider for a small shed situated on the southwest corner of the lot. The main storage building is designed for easy utility connection, with plumbing already stubbed up in the slab and all utilities readily accessible at street level. The property also benefits from prominent 2nd Street frontage and billboard signage potential. Owner financing is available, making this an attractive proposition for businesses seeking to expand or establish a presence in Albuquerque. This property is situated in Bernalillo County, New Mexico, zip code 87107.

    Property Features for 4004 2Nd St

    General Information

    Property type
    Land
    Lot Size
    6,098 SF

    HighLights

    • Owner Financing Options Available
    • Secure Gated & Fenced Contractor Yard
    • Ample Indoor & Outdoor Storage
    • High‑Visibility Billboard Signage
    • Prime 2nd Street Frontage
    • Existing Income Stream
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6404216
    Latitude
    35.1230513

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    FAQs

    What type of property is this?
    Land - 0.14-acre lot, gated, secure storage, income.
    Where is this land located?
    The property is located at 4004 2Nd St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Owner Financing Options Available; Secure Gated & Fenced Contractor Yard; Ample Indoor & Outdoor Storage
    (505) 337-0777
    Request Owner's contact information
    4004 2Nd St Albuquerque, NM 87107
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    Albuquerque, NM 87107
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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
    4004 2Nd St Albuquerque, NM 87107
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