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    4004 2Nd St Albuquerque, NM 87107

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    For Lease
    Contact for pricing

    Secure .14-Acre Lot w/Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.14-acre commercial lot in Albuquerque, NM, presents a unique investment opportunity. Located at 4004 2nd St NW, Bernalillo County, this single-tenant property boasts 2nd street frontage and offers significant potential. The lot is fully enclosed by sturdy fencing, ensuring a secure environment for storing valuable equipment, trucks, and materials. Gated access further enhances security. The property includes a main storage building thoughtfully designed for easy utility connection, with plumbing already stubbed up in the slab and all utilities readily accessible at street level. Adding to its appeal, the lot generates monthly income from a lease with a national cell phone service provider for a small shed situated in the southwest corner. This existing income stream provides immediate return on investment. The property's strategic location and secure design make it ideal for various commercial uses. The possibility of owner financing makes this an even more attractive proposition for businesses seeking to expand or relocate. This is a rare chance to acquire a well-maintained, income-producing commercial lot in a desirable Albuquerque location. Don't miss this chance to secure your business's future.

    Property Features for 4004 2Nd St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available
    Size
    0 SF

    HighLights

    • Owner financing options available.
    • Secure gated and fenced contractor yard.
    • Ample indoor and outdoor storage.
    • High‑visibility billboard signage.
    • Excellent street frontage on 2nd Street.
    • Generating current income stream.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6404352
    Latitude
    35.1230531

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    FAQs

    What type of property is this?
    Land - Secure .14-Acre Lot w/Income
    Where is this land located?
    The property is located at 4004 2Nd St Albuquerque, NM.
    What are key features of this property?
    This property features: Owner financing options available.; Secure gated and fenced contractor yard.; Ample indoor and outdoor storage.
    Request Owner's contact information
    4004 2Nd St Albuquerque, NM 87107
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    Albuquerque, NM 87107
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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
    4004 2Nd St Albuquerque, NM 87107
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