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    ±68 Acre Mixed-Use Lifestyle Ctr Albuquerque, NM 87106

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    68 Acres Mixed-Use Development Land in Albuquerque, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 68-acre mixed-use development opportunity is located in Albuquerque, New Mexico, within the vibrant Lobo Sports & Tech District. Situated on the 300+ acre University of New Mexico South Campus, this prime parcel offers unparalleled access to a thriving community. The property's strategic location benefits from proximity to major collegiate and professional sports venues, attracting over 1.3 million spectators annually. Furthermore, its adjacency to the UNM Science & Technology Park provides access to a robust workforce of over 2,000 employees in technology-oriented university and national lab R&D and startup companies. This presents a unique chance to capitalize on the synergy between sports, technology, and a dynamic urban environment. The land is designated for mixed-use development, allowing for a diverse range of possibilities, including retail, entertainment, and other commercial ventures. This development-ready site in Bernalillo County, zip code 87106, presents a compelling investment opportunity in a rapidly growing area of Albuquerque. The property's location at approximately 35.05892730710674 latitude and -106.6344069394239 longitude offers excellent visibility and accessibility. This is a rare chance to acquire a significant land parcel in a high-demand location with exceptional potential for long-term growth and return.

    Property Features for 0 ±68 Acre Mixed-Use Lifestyle Ctr

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,962,080 SF

    HighLights

    • 68‑acre mixed‑use development opportunity in Albuquerque's Lobo Sports & Tech District.
    • Proximity to major collegiate and professional sports venues attracting over 1.3 million spectators annually.
    • Adjacent to UNM Science & Technology Park, home to over 2,000 technology‑oriented employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.63440693942
    Latitude
    35.058927307107

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    FAQs

    What type of property is this?
    Mixed-use property - 68 Acres Mixed-Use Development Land in Albuquerque, NM
    Where is this mixed-use property located?
    The property is located at ±68 Acre Mixed-Use Lifestyle Ctr Albuquerque, NM.
    What are key features of this property?
    This property features: 68-acre mixed-use development opportunity in Albuquerque's Lobo Sports & Tech District.; Proximity to major collegiate and professional sports venues attracting over 1.3 million spectators annually.; Adjacent to UNM Science & Technology Park, home to over 2,000 technology-oriented employees.
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    ±68 Acre Mixed-Use Lifestyle Ctr Albuquerque, NM 87106
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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
    ±68 Acre Mixed-Use Lifestyle Ctr Albuquerque, NM 87106
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