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    605 Lomas Blvd Albuquerque, NM 87102

    Sponsored
    For Sale
    $2,000,000

    Prime Location, Vacant Bank Building

    Property size:
    1,441 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,441 square foot retail property, located at 605 Lomas Blvd NW in Albuquerque, New Mexico, is available for $2,000,000. Currently vacant, this property presents a unique investment opportunity. The building sits on a 1.627-acre lot and boasts approximately 330 linear feet of frontage on Lomas Blvd, a major thoroughfare serving downtown Albuquerque. Convenient access points are available from Lomas Blvd, 6th, and 7th Streets. High visibility is ensured with a pylon sign situated at the intersection of 6th Street and Lomas Blvd. The property benefits from significant traffic volume, with nearly 26,000 cars daily passing the intersection of 6th Street and Lomas Blvd. Its proximity to courthouses adds to its strategic appeal. The property is zoned MX-M, offering flexibility for various commercial uses. The price per square foot is $1,387.93. This prime location and high traffic count make this a compelling investment opportunity in a thriving Albuquerque market. The zip code is 87102, and the property is in Bernalillo County.

    Property Features for 605 Lomas Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,441 SF
    Lot Size
    70,872 SF

    HighLights

    • 1,441 SF retail building on a 1.627‑acre lot in Albuquerque, NM, available for $2,000,000 ($1,387.93/SF).
    • Located at 605 Lomas Blvd NW, with 330 linear feet of frontage on Lomas Blvd.
    • High visibility due to pylon signage and daily traffic count of nearly 26,000 vehicles at the 6th Street and Lomas Blvd intersection.
    • Convenient access from Lomas Blvd, 6th, and 7th Streets; near courthouses.
    • MX‑M zoning allows for diverse commercial uses. Zip code 87102, Bernalillo County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm Motor Bank Atm

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.65270843692
    Latitude
    35.091918212156

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, Vacant Bank Building
    Where is this individual retail property located?
    The property is located at 605 Lomas Blvd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 1,441 SF retail building on a 1.627-acre lot in Albuquerque, NM, available for $2,000,000 ($1,387.93/SF).; Located at 605 Lomas Blvd NW, with 330 linear feet of frontage on Lomas Blvd.; High visibility due to pylon signage and daily traffic count of nearly 26,000 vehicles at the 6th Street and Lomas Blvd intersection.
    Request Owner's contact information
    605 Lomas Blvd Albuquerque, NM 87102
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    Albuquerque, NM 87102
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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
    605 Lomas Blvd Albuquerque, NM 87102
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