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    Vis Vieja Ave Albuquerque, NM 87120

    For Sale
    $700,000

    6.7 Acres, R-A Zoning, $700K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 6.7-acre parcel presents a remarkable opportunity for multifamily development in Albuquerque, New Mexico. Located on Vista Vieja Ave NW in Bernalillo County, zip code 87120, this property boasts a highly desirable R-A zoning designation, permitting a variety of residential and commercial uses. The land is ideally situated adjacent to a thriving new residential development, ensuring immediate access to a growing community. Infrastructure is already in place, with utilities conveniently located in the street, along with existing streets and sidewalks. This significantly reduces development costs and timelines. Furthermore, the property's proximity to established pedestrian and bike trails enhances its appeal and adds to the overall desirability of the location. The asking price for this prime development land is $700,000. Given its size, zoning, location, and existing infrastructure, this property represents a compelling investment opportunity with significant potential for future growth and return. The coordinates are 35.1599777 latitude and -106.7432586 longitude. This is a rare chance to acquire a substantial tract of land in a rapidly developing area of Albuquerque.

    Property Features for 0 Vis Vieja Ave

    General Information

    Property type
    Land
    Lot Size
    291,852 SF

    HighLights

    • 6.7‑acre multifamily development site in Albuquerque, NM.
    • Highly desirable R‑A zoning allows for residential and commercial uses.
    • Located in a thriving, growing residential area with convenient access to utilities, streets, and sidewalks.
    • Proximity to pedestrian and bike trails.
    • Asking price: $700,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7432586
    Latitude
    35.1599777

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    FAQs

    What type of property is this?
    Land - 6.7 Acres, R-A Zoning, $700K
    Where is this land located?
    The property is located at Vis Vieja Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 6.7-acre multifamily development site in Albuquerque, NM.; Highly desirable R-A zoning allows for residential and commercial uses.; Located in a thriving, growing residential area with convenient access to utilities, streets, and sidewalks.
    (505) 878-0001
    Request Owner's contact information
    Vis Vieja Ave Albuquerque, NM 87120
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    Albuquerque, NM 87120
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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
    Vis Vieja Ave Albuquerque, NM 87120
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