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    98Th St Albuquerque, NM 87105

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    90 Acres, Development-Ready, I-40 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 90-acre commercial and industrial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located near the intersection of I-40 and 98th St NW in Bernalillo County, zip code 87105 (34.9568026, -106.6055534), this property boasts high visibility and convenient access to major transportation arteries. The land is zoned NR-BP, permitting a variety of uses including light manufacturing, warehousing, distribution, and retail, with conditional approval for drive-thru facilities. Multiple tracts are available, making it suitable for build-to-suit projects, ground leases, or outright sale. This development-ready site benefits from recently completed infrastructure improvements, including Daytona Road, and offers readily available wet and dry utilities. Its location within a qualified Opportunity Zone provides access to potential economic development incentives. The property's proximity to a new speculative distribution warehouse within a thriving business park further enhances its appeal to industrial, distribution, and retail users. This is a rare chance to acquire a large, strategically located parcel in a rapidly growing area.

    Property Features for 0 98Th St

    General Information

    Property type
    Land
    Lot Size
    3,920,400 SF

    HighLights

    • 90‑acre commercial and industrial land parcel in Albuquerque, NM.
    • High‑visibility location near I‑40 and 98th St NW in Bernalillo County (zip code 87105).
    • NR‑BP zoning allows light manufacturing, warehousing, distribution, and retail (conditional drive‑thru approval).
    • Multiple tracts available for build‑to‑suit, ground leases, or sale.
    • Development‑ready with recently completed infrastructure and readily available utilities.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6055534
    Latitude
    34.9568026

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    FAQs

    What type of property is this?
    Land - 90 Acres, Development-Ready, I-40 Access
    Where is this land located?
    The property is located at 98Th St Albuquerque, NM.
    What are key features of this property?
    This property features: 90-acre commercial and industrial land parcel in Albuquerque, NM.; High-visibility location near I-40 and 98th St NW in Bernalillo County (zip code 87105).; NR-BP zoning allows light manufacturing, warehousing, distribution, and retail (conditional drive-thru approval).
    Request Owner's contact information
    98Th St Albuquerque, NM 87105
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    Albuquerque, NM 87105
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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 Albuquerque, NM 87105
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