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    Shelly Dr Albuquerque, NM 87151

    Sponsored
    For Sale
    $5,250,000

    Prime NM acreage, diverse development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This expansive 350-acre property in Albuquerque, New Mexico, presents a unique investment opportunity. Located in Bernalillo County, near Shelly Dr SW, zip code 87151 (35.0311136, -106.8554995), this large vacant land site offers significant potential for various uses. Its strategic location provides adjacency to both the Santolina Solar Energy Center and Sandia Speedway, opening doors for synergistic development possibilities, including potential speedway-related ventures. The property has already received approval for landfill use, providing a clear pathway for waste management operations. Furthermore, its size and location make it highly suitable for large-scale solar or other renewable energy projects. The substantial acreage also presents the possibility of lucrative land lease agreements, generating passive income streams. The asking price for this exceptional property is $5,250,000. This versatile land parcel offers a compelling investment opportunity for developers and entrepreneurs seeking a significant foothold in a rapidly growing area of New Mexico. The property is classified as both agricultural and commercial, allowing for a wide range of development options.

    Property Features for 0 Shelly Dr

    General Information

    Property type
    Farms
    Lot Size
    15,246,000 SF

    HighLights

    • 350‑acre vacant land in Albuquerque, NM, Bernalillo County, near Shelly Dr SW, zip code 87151.
    • Adjacent to Santolina Solar Energy Center and Sandia Speedway.
    • Approved for landfill use.
    • Suitable for large‑scale solar or renewable energy projects.
    • Potential for lucrative land lease agreements.
    • Asking price: $5,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.8554995
    Latitude
    35.0311136

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    FAQs

    What type of property is this?
    Farm - Prime NM acreage, diverse development potential.
    Where is this farm located?
    The property is located at Shelly Dr Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: 350-acre vacant land in Albuquerque, NM, Bernalillo County, near Shelly Dr SW, zip code 87151.; Adjacent to Santolina Solar Energy Center and Sandia Speedway.; Approved for landfill use.
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    Shelly Dr Albuquerque, NM 87151
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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
    Shelly Dr Albuquerque, NM 87151
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