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    Nw & 120- Paradise Albuquerque, NM 87114

    Sponsored
    For Sale
    $750,000

    4.85 Acres, Prime Location, $750,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.85-acre commercial land parcel presents a unique development opportunity in Albuquerque, New Mexico. Located at the corner of Paseo del Norte NW and Del Oeste Drive NW, in the 120-Paradise West area, this property boasts a prime location just one mile west of Ventana Ranch. The parcel is zoned B8, offering flexibility for various commercial projects. With a total land area of 211,175 square feet, the asking price is $750,000, translating to $3.55 per square foot. The property's address is Paseo del Norte NW, Albuquerque, NM 87114, and its Bernalillo County Assessor's Parcel Number (APN) is 100806518103330107. Its strategic location near Ventana Ranch and major roadways provides excellent visibility and accessibility, making it an attractive investment for developers seeking high-impact commercial ventures. The substantial lot size allows for a wide range of development possibilities, catering to diverse commercial needs. This is a rare opportunity to acquire a significant commercial land parcel in a rapidly growing area of Albuquerque. The property's advantageous zoning and proximity to established residential areas create a strong foundation for a successful development project.

    Property Features for 0 Nw & 120- Paradise

    General Information

    Property type
    Land
    Lot Size
    211,266 SF

    HighLights

    • $750,000 asking price.
    • 4.85‑acre corner lot.
    • 211,175 square feet lot size.
    • $3.55 per square foot price.
    • Located one mile west of Ventana Ranch.
    • Address: Paseo del Norte NW, Albuquerque, NM 87114.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7095521
    Latitude
    35.1993538

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    FAQs

    What type of property is this?
    Land - 4.85 Acres, Prime Location, $750,000
    Where is this land located?
    The property is located at Nw & 120- Paradise Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 4.85-acre corner lot.; 211,175 square feet lot size.
    (505) 639-1266
    Request Owner's contact information
    Nw & 120- Paradise 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
    Nw & 120- Paradise Albuquerque, NM 87114
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