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    224 Montano Rd Albuquerque, NM 87107

    Sponsored
    For Sale
    $270,000

    Prime NW Albuquerque lot, multi-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,276 square foot lot at 224 Montano Road NW in Albuquerque, New Mexico, presents a unique investment opportunity. Currently featuring a four-bedroom adobe home with wood flooring, the property offers significant potential for redevelopment or repurposing. The existing structure boasts generous room sizes and security iron windows, making it suitable for a variety of commercial uses. Possible uses include office space, service businesses, a headquarters, an outpatient clinic, or a medical spa. The property's convenient location off Montano Road provides easy access and visibility. A key advantage is the inclusion of a separate apartment, offering additional rental income potential. The property benefits from recent improvements, including a new TPO roof with a warranty. The surrounding area is experiencing ongoing development, suggesting strong future growth prospects. This is a rare chance to acquire a standalone multi-use building in Albuquerque's desirable north valley. The asking price is $270,000. This property is zoned for commercial use and offers a compelling blend of existing structure and significant development potential. Don't miss this chance to capitalize on this prime Albuquerque location.

    Property Features for 224 Montano Rd

    General Information

    Property type
    Land

    HighLights

    • Asking price: $270,000
    • Retail and land property
    • 8,276 square foot lot
    • Located at 224 Montano Road NW, Albuquerque, NM 87107
    • Multi‑use potential, including office, medical, or service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6393569
    Latitude
    35.1382548

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    FAQs

    What type of property is this?
    Land - Prime NW Albuquerque lot, multi-use potential.
    Where is this land located?
    The property is located at 224 Montano Rd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: Asking price: $270,000; Retail and land property; 8,276 square foot lot
    Request Owner's contact information
    224 Montano Rd 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
    224 Montano Rd Albuquerque, NM 87107
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