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    232 Old Coors Dr Albuquerque, NM 87121

    Sponsored
    For Sale
    $1,195,000

    Prime Albuquerque Commercial Lot, $1.195M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Albuquerque commercial property presents a unique investment opportunity. Located at 232 Old Coors Drive SW, this 25,264 square foot lot is currently improved with a well-established transmission shop. The existing building, totaling 3,200 square feet, boasts high ceilings and three drive-in bays, perfectly suited for automotive repair or similar businesses. The shop's infrastructure includes four vehicle lifts, enabling efficient and simultaneous vehicle servicing. This established business offers a turnkey operation with significant potential for growth and expansion. The property's location in Albuquerque, New Mexico, within the 87121 zip code, provides excellent access to major roadways and a strong customer base. The asking price is $1,195,000. This represents a compelling investment in a proven, successful business with substantial upside potential. The property's size and existing improvements make it an ideal acquisition for both seasoned investors and those seeking a profitable venture in a thriving market. The generational nature of the existing business speaks to its longevity and stability. This is a rare opportunity to acquire a well-positioned commercial property in a desirable Albuquerque location.

    Property Features for 232 Old Coors Dr

    General Information

    Property type
    Land

    HighLights

    • $1,195,000 asking price.
    • Retail land property in Albuquerque, NM.
    • 25,264 square foot lot.
    • Located at 232 Old Coors Drive SW, Albuquerque, NM 87121.
    • Previously housed a 3,200 sq ft transmission shop with high ceilings, 3 drive‑in bays, and 4 vehicle lifts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roadrunner Transmissions Transmission Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -106.8650395
    Latitude
    35.1128064

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    FAQs

    What type of property is this?
    Land - Prime Albuquerque Commercial Lot, $1.195M
    Where is this land located?
    The property is located at 232 Old Coors Dr Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: $1,195,000 asking price.; Retail land property in Albuquerque, NM.; 25,264 square foot lot.
    Request Owner's contact information
    232 Old Coors Dr Albuquerque, NM 87121
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    Albuquerque, NM 87121
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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
    232 Old Coors Dr Albuquerque, NM 87121
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