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    6921 Central Ave Albuquerque, NM 87121

    For Sale
    $1,698,000

    3.36 Acres, Prime Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.36-acre commercial land parcel in Albuquerque, New Mexico, presents a unique investment opportunity. Located at 6921 Central Ave NW, 87121, this property boasts a highly desirable location within a thriving commercial area. The land comprises two parcels (APN: 101005741026510109 and 101005739828510113), totaling 3.369 acres, and benefits from excellent visibility and accessibility due to its position on Central Avenue, which experiences a high volume of daily traffic (18,100 vehicles per day). The area is characterized by strong co-tenancy, including established businesses such as Smith's, Extra Space Storage, H&R Block, and Walgreens, indicating a robust and stable commercial environment. Furthermore, the property is situated in a growing area of west Albuquerque, experiencing significant development in industrial, retail, and residential sectors. The property is zoned MX-M and has access to city utilities. This prime location and high traffic count make this land ideal for a variety of commercial ventures. The asking price is $1,698,000. Don't miss this chance to acquire a valuable asset in a rapidly developing Albuquerque neighborhood.

    Property Features for 6921 Central Ave

    General Information

    Property type
    Land
    Lot Size
    146,754 SF

    HighLights

    • 3.36‑acre commercial land parcel in Albuquerque, NM.
    • Located at 6921 Central Ave NW, 87121.
    • High‑traffic location on Central Ave (18,100 vehicles/day), offering excellent visibility and accessibility.
    • Strong co‑tenancy with established businesses like Smith's, Extra Space Storage, H&R Block, and Walgreens.
    • Zoned MX‑M with city utilities; asking price: $1,698,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.71388106857
    Latitude
    35.079252391182

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    FAQs

    What type of property is this?
    Land - 3.36 Acres, Prime Location, High Visibility
    Where is this land located?
    The property is located at 6921 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,698,000.
    What are key features of this property?
    This property features: 3.36-acre commercial land parcel in Albuquerque, NM.; Located at 6921 Central Ave NW, 87121.; High-traffic location on Central Ave (18,100 vehicles/day), offering excellent visibility and accessibility.
    (505) 494-1400
    Request Owner's contact information
    6921 Central Ave Albuquerque, NM 87121
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    Albuquerque, NM 87121
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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
    6921 Central Ave Albuquerque, NM 87121
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