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    Nwc Universe & Rainbow Blvds. Albuquerque, NM 87120

    Sponsored
    For Lease
    Contact for pricing

    Prime 10.61-acre commercial/residential land

    Lot size:
    146,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.61-acre property, located at the Northwest corner of Universe and Rainbow Boulevards NW in Albuquerque, New Mexico, presents a unique investment opportunity. Zoned MX-L, this single-tenant parcel offers significant flexibility for a variety of commercial and residential developments. The expansive lot size provides ample space for large-scale projects, while the strategic location ensures high visibility and accessibility. With a total building square footage potential of 146,362 square feet, this land boasts considerable development potential. The property's address is NWC Universe & Rainbow Blvds. NW, Albuquerque, NM 87120, and its Bernalillo County APN is 100906348131011301. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area of Albuquerque. The property's versatility allows for a wide range of development possibilities, catering to both commercial and residential needs. Its prominent location ensures excellent exposure and convenient access to major transportation routes. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is currently designated as single-tenant, offering a clean slate for future development. This is a prime location for investors seeking a significant land acquisition in a thriving Albuquerque market.

    Property Features for 0 Nwc Universe & Rainbow Blvds.

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    146,362 SF

    Unit(s) available at that property

    Space
    Available Land: ±3.36 Acres
    Size
    146,362 SF

    HighLights

    • 10.61‑acre commercial parcel at the hard corner of Universe & Rainbow Blvds. NW, Albuquerque, NM.
    • MX‑L zoning allows for flexible commercial and residential development with 146,362 sq ft potential.
    • High‑visibility location in a rapidly growing area with over 9,730 housing units and nearly 7,600 students within a 2‑mile radius.
    • Close proximity to Ventana Ranch community and numerous schools.
    • All utilities available; rare commercial site opportunity with a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7470536
    Latitude
    35.1509567

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    FAQs

    What type of property is this?
    Land - Prime 10.61-acre commercial/residential land
    Where is this land located?
    The property is located at Nwc Universe & Rainbow Blvds. Albuquerque, NM.
    What are key features of this property?
    This property features: 10.61-acre commercial parcel at the hard corner of Universe & Rainbow Blvds. NW, Albuquerque, NM.; MX-L zoning allows for flexible commercial and residential development with 146,362 sq ft potential.; High-visibility location in a rapidly growing area with over 9,730 housing units and nearly 7,600 students within a 2-mile radius.
    Request Owner's contact information
    Nwc Universe & Rainbow Blvds. 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
    Nwc Universe & Rainbow Blvds. Albuquerque, NM 87120
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