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    8400 Jefferson St Albuquerque, NM 87113

    For Sale
    $1,340,000

    1.86 Acres, Commercial/Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.86-acre commercial and industrial land parcel, located at 8400 Jefferson St NE in Albuquerque, New Mexico, presents a rare development opportunity. Priced at $1,340,000 ($16.50+/sf), this property boasts a prime location with excellent visibility and easy access to Interstate 25, experiencing high traffic counts of 26,136 cars per day (2018 data). The site is zoned NR-LM (Light Manufacturing), allowing for a variety of potential uses. Key features include significant frontage along Jefferson Street, enhanced by an existing median cut and left-turn lane, and a pre-existing drive pad. Its strategic location near major traffic generators such as Balloon Fiesta Park, a proposed United Soccer Complex, and dealerships for CarMax, Land Rover, Audi, Porsche, and Toyota, ensures high potential for business growth and visibility. A lease rate of $1.15+/sf NNN is also possible, with build-to-suite options potentially available. This property offers a unique blend of accessibility, visibility, and zoning flexibility, making it an ideal investment for developers and businesses seeking a prominent location in Albuquerque's thriving North I-25 corridor. The property's address is 8400 Jefferson St NE, Albuquerque, NM 87113, within Bernalillo County.

    Property Features for 8400 Jefferson St

    General Information

    Property type
    Land
    Lot Size
    81,022 SF

    HighLights

    • 1.86‑acre commercial/industrial land parcel in Albuquerque, NM, priced at $1,340,000 ($16.50+/sf).
    • Prime location on Jefferson St NE with high visibility and I‑25 access (26,136+ cars/day).
    • NR‑LM zoning allows for diverse uses.
    • Features significant street frontage, median cut, left‑turn lane, and existing drive pad.
    • Located near major traffic generators including Balloon Fiesta Park and multiple dealerships. Build‑to‑suite and lease options ($1.15+/sf NNN) available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.5921469605
    Latitude
    35.179167858191

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    FAQs

    What type of property is this?
    Land - 1.86 Acres, Commercial/Industrial Land
    Where is this land located?
    The property is located at 8400 Jefferson St Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,340,000.
    What are key features of this property?
    This property features: 1.86-acre commercial/industrial land parcel in Albuquerque, NM, priced at $1,340,000 ($16.50+/sf).; Prime location on Jefferson St NE with high visibility and I-25 access (26,136+ cars/day).; NR-LM zoning allows for diverse uses.
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    8400 Jefferson St Albuquerque, NM 87113
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    Albuquerque, NM 87113
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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
    8400 Jefferson St Albuquerque, NM 87113
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