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    98th St. & Sage Rd Albuquerque, NM 87121

    For Sale
    Contact for pricing

    Prime Albuquerque land, ideal for retail development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel, located at the southwest corner of 98th Street and Sage Road SW in Albuquerque, New Mexico (zip code 87121), presents a unique investment opportunity. The property boasts a sizable lot ranging from 1 to 10.76 acres, zoned MX-L, and offers significant potential for retail development. Situated in a rapidly expanding, underserved market area, this location benefits from exceptional visibility on 98th Street, featuring convenient full access points. The high traffic count, exceeding 36,000 vehicles daily at the intersection, ensures substantial exposure for any retail venture. Its strategic position along a heavily traveled corridor leading to and from Interstate 40 further enhances its accessibility and appeal. The property is served by all necessary utilities, simplifying development and operational processes. Proximity to Atrisco Heritage High School adds to the site's desirability, providing a built-in customer base and potential synergy with community activities. The land value ranges from $9 to $23 per square foot, reflecting the significant potential for return on investment. This is an unparalleled chance to capitalize on the growth trajectory of this vibrant Albuquerque area.

    Property Features for 98th St. & Sage Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑10.76 acre commercial land parcel at 98th St & Sage Rd SW, Albuquerque, NM (87121), zoned MX‑L.
    • High visibility corner lot with over 36,000 vehicles daily.
    • Excellent access and proximity to I‑40.
    • All utilities available.
    • Land value: $9-$23/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7406011
    Latitude
    35.0557463

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque land, ideal for retail development.
    Where is this land located?
    The property is located at 98th St. & Sage Rd Albuquerque, NM.
    What are key features of this property?
    This property features: 1-10.76 acre commercial land parcel at 98th St & Sage Rd SW, Albuquerque, NM (87121), zoned MX-L.; High visibility corner lot with over 36,000 vehicles daily.; Excellent access and proximity to I-40.
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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
    98th St. & Sage Rd Albuquerque, NM 87121
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