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    I-25 And Paseo Del Norte Albuquerque Nm 87109 Albuquerque, NM 87120

    Sponsored
    For Lease
    Contact for pricing

    High-volume mixed-use development land.

    Lot size:
    209,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at the high-traffic intersection of I-25 and Paseo Del Norte, this property boasts a strategic location with excellent visibility and accessibility. The site offers a flexible lot size ranging from 2 to 5 acres, providing ample space for a variety of mixed-use developments. Zoned NR-BP and MX-M, the property is suitable for a range of commercial ventures. Situated in Bernalillo County, this prime location benefits from strong infrastructure and proximity to major transportation arteries. The single-tenant zoning offers the potential for a large-scale development or a customized build-to-suit project. With its ideal location and versatile zoning, this property is poised for significant growth and return on investment. The address is I-25 and Paseo Del Norte, Albuquerque, NM 87120. The property is conveniently located near major transportation routes, offering easy access for both employees and customers. This is a rare opportunity to acquire a substantial land parcel in a thriving Albuquerque market. The property's size and zoning provide considerable flexibility for developers seeking a high-impact project.

    Property Features for I-25 And Paseo Del Norte Albuquerque Nm 87109

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    209,088 SF

    Unit(s) available at that property

    Space
    Size
    209,088 SF

    HighLights

    • Class A mixed‑use retail development in Albuquerque's central business district.
    • The Journal Center is a premier live‑work‑play destination.
    • High visibility from I‑25 and Paseo Del Norte, with over 147,000 vehicles passing daily.
    • Strong regional draw, anchored by a Cabela's store.
    • Top‑performing Cabela's (nationally ranked 12th) boasting 680,900 annual visits.
    • Adjacent to affluent NE Heights residential area, Albuquerque's highest average income ($103,550).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.587771
    Latitude
    35.173328

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    FAQs

    What type of property is this?
    Land - High-volume mixed-use development land.
    Where is this land located?
    The property is located at I-25 And Paseo Del Norte Albuquerque Nm 87109 Albuquerque, NM.
    What are key features of this property?
    This property features: Class A mixed-use retail development in Albuquerque's central business district.; The Journal Center is a premier live-work-play destination.; High visibility from I-25 and Paseo Del Norte, with over 147,000 vehicles passing daily.
    Request Owner's contact information
    I-25 And Paseo Del Norte Albuquerque Nm 87109 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
    I-25 And Paseo Del Norte Albuquerque Nm 87109 Albuquerque, NM 87120
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