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    40 98Th St Albuquerque, NM 87121

    For Lease
    Contact for pricing

    ±80 Acres, I-40 Access, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional ±80-acre parcel presents a unique investment opportunity in Bernalillo County. Zoned NR-BP, this development-ready land is ideally suited for a variety of industrial, distribution, or retail uses. Multiple tracts are available, offering flexibility for build-to-suit projects, ground leases, or outright sale. The property boasts high visibility from both I-40 and 98th Street, ensuring excellent accessibility and brand exposure. Its strategic location within a thriving business park benefits from recently completed infrastructure improvements, including Daytona Road, and provides rapid access to I-40. Essential utilities, including wet and dry services, are readily available. This location is situated within a qualified Opportunity Zone, making it eligible for potential economic development incentives. Permitted uses under the NR-BP zoning include light manufacturing, warehousing, distribution, and retail, with conditional use permitting drive-thru facilities. This prime location offers a compelling combination of accessibility, infrastructure, and zoning flexibility, making it an attractive proposition for discerning investors and developers seeking a strategic foothold in a rapidly growing market.

    Property Features for 40 98Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • ±80 acres of development‑ready land.
    • Suitable for industrial, distribution, or retail uses.
    • Excellent I‑40 access and high visibility from I‑40 and 98th St.
    • New infrastructure, including Daytona Rd., and available utilities.
    • Located in an Opportunity Zone with available economic development incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm 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
    -106.7370105
    Latitude
    35.0421535

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    FAQs

    What type of property is this?
    Land - ±80 Acres, I-40 Access, Development Ready
    Where is this land located?
    The property is located at 40 98Th St Albuquerque, NM.
    What are key features of this property?
    This property features: ±80 acres of development-ready land.; Suitable for industrial, distribution, or retail uses.; Excellent I-40 access and high visibility from I-40 and 98th St.
    Request Owner's contact information
    40 98Th St 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
    40 98Th St Albuquerque, NM 87121
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