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    Land Central Ave Northwest, NM 87121

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    For Sale
    Contact for pricing

    11.27 Acres, Albuquerque, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11.27-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico's rapidly growing west side. Strategically located on West Central Avenue, between 98th Street and the Unser I-40 exits, this property benefits from high visibility and convenient access to major transportation arteries. The site is zoned MX-H, offering flexibility for a variety of commercial developments. Current income streams include approximately $2,370 annually from existing Clear Channel/Lamar billboards, providing immediate return on investment. The property boasts readily available city water and sewer services directly on the street, simplifying infrastructure development. Furthermore, electric and fiber optic connectivity are already in place, eliminating significant upfront costs associated with utility hookups. This prime location is surrounded by a thriving mix of industrial, retail, and residential properties, ensuring strong potential for future appreciation and development. The property's size and location make it ideal for a wide range of commercial ventures, from light industrial to retail establishments. This is a rare opportunity to acquire a substantial commercial land parcel in a high-growth area of Albuquerque.

    Property Features for Land Central Ave

    General Information

    Property type
    Land
    Lot Size
    490,921 SF

    HighLights

    • 11.27‑acre commercial land parcel on West Central Ave, between 98th St and the Unser I‑40 exits.
    • $2,370 annual income from existing Clear Channel/Lamar billboards.
    • Located in Albuquerque's rapidly growing west side, surrounded by industrial, retail, and residential properties.
    • City water and sewer available at the street.
    • Electric and fiber optic connectivity already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Northwest
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.8020764
    Latitude
    35.0607412

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    FAQs

    What type of property is this?
    Land - 11.27 Acres, Albuquerque, NM
    Where is this land located?
    The property is located at Land Central Ave Northwest, NM.
    What are key features of this property?
    This property features: 11.27-acre commercial land parcel on West Central Ave, between 98th St and the Unser I-40 exits.; $2,370 annual income from existing Clear Channel/Lamar billboards.; Located in Albuquerque's rapidly growing west side, surrounded by industrial, retail, and residential properties.
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    Land Central Ave Northwest, NM 87121
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    Northwest, 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
    Land Central Ave Northwest, NM 87121
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