Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    40 Rt. 66 Albuquerque, NM 87123

    Sponsored
    For Sale
    $475,000

    1,000 sq ft warehouse on 5 acres. Owner financing!

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Albuquerque property presents a unique owner-user or investment opportunity. Located at 40 U.S. Rt. 66, this 1,000 square foot warehouse sits on a sizable 5.38-acre lot, offering ample space and potential. The property is fully fenced, providing a secure commercial yard. Its convenient location offers easy freeway access, enhancing both accessibility and logistical efficiency. The building itself is zoned C-1 and M-H, allowing for a variety of commercial and industrial uses. This live/work opportunity is ideal for businesses seeking a combination of workspace and potential residential use, subject to zoning regulations. The asking price is $475,000, and owner financing is available, making this an attractive proposition for buyers seeking flexible payment options. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. This versatile property combines the benefits of a well-located warehouse with the expansive space of a large lot, presenting a compelling investment or owner-user opportunity in a thriving Albuquerque market.

    Property Features for 40 Rt. 66

    General Information

    Property type
    Distribution properties
    Square Feet
    1,000 SF
    Lot Size
    234,353 SF

    HighLights

    • Approximately 5.38‑acre lot
    • Fully fenced commercial yard
    • Owner‑user or investment opportunity
    • Live/work potential (subject to zoning)
    • Easy freeway access
    • 1,000 sq ft warehouse building
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.4608032
    Latitude
    35.0634712

    Nearby Similar for Sale

    • $1,375,000
      8,134 SF

      Historic Route 66 Ranch Home

      Historic Route 66 ranch home on 10.7 acres.
      24 Matisse Rd NE, Albuquerque, NM 87123
      View Details
    • $3,000,000
      2.04 Acres

      Historic Restaurant in Los Ranchos

      Long-standing New Mexican restaurant with full bar and spacious patios.
      8032 4Th St NW, Los Ranchos, NM 87114
      View Details
    • $590,000
      1,372 SF

      Turnkey Tri-Plex in Huning Highland

      Well-maintained triplex with income potential near Downtown, UNM, Nob Hill.
      508 Walter St SE, Albuquerque, NM 87102
      View Details
    • $3,330,000
      1.20 Acres

      Albuquerque Industrial Property For Sale

      Versatile multi-suite industrial property in a sought-after location.
      2105 Aztec Rd NE, Albuquerque, NM 87107
      View Details
    • $1,020,000
      0.46 Acres

      Mixed-Use Property Near Old Town

      Mixed-use property near downtown and historic Old Town Albuquerque.
      119 San Pasquale Ave SW, Albuquerque, NM 87104
      View Details
    • $1,600,000
      6,148 SF

      Modern Albuquerque Multifamily Investment

      Newer 6-unit building, strong income potential, and immediate cash flow.
      615 Iron Ave SW, Albuquerque, NM 87102
      View Details
    • $1,060,000
      4,805 SF

      Updated Multifamily Compound in Albuquerque

      Revitalized 7-unit property near UNM, CNM, and Kirtland AFB.
      1003-1005 Carlisle Blvd SE, Albuquerque, NM 87106
      View Details
    • $399,000
      1,528 SF

      Renovated Duplex in Historic District

      Charming, renovated duplex near Presbyterian Hospital and UNM Main Campus.
      520 Iron Ave SE, Albuquerque, NM 87102
      View Details
    • $850,000
      0.86 Acres

      Albuquerque Commercial Live/Work Space

      Versatile commercial property with warehouse, office, and residential features.
      8612 Paseo Alameda NE, Albuquerque, NM 87113
      View Details
    • New
      $1,495,000
      10.50 Acres

      Albuquerque Riverfront Equestrian Legacy Land

      10.5-acre irrigated riverfront property with equestrian legacy in Albuquerque.
      7102 Ilfield Rd SW, Albuquerque, NM 87105
      View Details
    • $315,000
      1,283 SF

      Albuquerque Duplex with Upside

      Well-located duplex with updated interiors and potential for third unit.
      3534 Vail Ave SE, Albuquerque, NM 87106
      View Details
    • $565,000
      3,191 SF

      Turnkey 6-Plex in Albuquerque

      Fully occupied 6-plex with low vacancy and high demand.
      426 Towner Ave NW, Albuquerque, NM 87102
      View Details

    FAQs

    What type of property is this?
    Distribution property - 1,000 sq ft warehouse on 5 acres. Owner financing!
    Where is this distribution property located?
    The property is located at 40 Rt. 66 Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Approximately 5.38-acre lot; Fully fenced commercial yard; Owner-user or investment opportunity
    Request Owner's contact information
    40 Rt. 66 Albuquerque, NM 87123
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Rt. 66
    Albuquerque, NM 87123
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    40 Rt. 66 Albuquerque, NM 87123
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.