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    Nwc Universe & Rainbow Blvds. Albuquerque, NM 87120

    For Sale
    $1,902,700

    Prime 3.36-acre commercial lot in Albuquerque, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.36-acre commercial land parcel is strategically located at the hard corner of Universe and Rainbow Boulevards NW in Albuquerque, New Mexico, zip code 87120. The property boasts a highly desirable MX-L zoning designation, opening up a wide range of development possibilities. Its prime location at a signalized intersection ensures high visibility and accessibility. The area is experiencing significant residential growth, with over 9,730 housing units within a two-mile radius, creating a robust potential customer base. The proximity to the Ventana Ranch community and numerous schools, with nearly 7,600 students within a two-mile radius, further enhances its appeal. This presents a rare opportunity to acquire a commercial site in a rapidly developing area with all utilities readily available to the lot. The asking price for this exceptional property is $1,902,700. This is a unique chance to capitalize on the burgeoning growth and strong demographics of this Albuquerque location. Don't miss this opportunity to secure a prime commercial site in a thriving community.

    Property Features for 0 Nwc Universe & Rainbow Blvds.

    General Information

    Property type
    Land
    Lot Size
    146,362 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7470536
    Latitude
    35.1509567

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    FAQs

    What type of property is this?
    Land - Prime 3.36-acre commercial lot in Albuquerque, NM.
    Where is this land located?
    The property is located at Nwc Universe & Rainbow Blvds. Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,902,700.
    Request Owner's contact information
    Nwc Universe & Rainbow Blvds. Albuquerque, NM 87120
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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
    Nwc Universe & Rainbow Blvds. Albuquerque, NM 87120
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