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    Fortuna Rd & Quailbrush Dr Albuquerque, NM 87121

    For Sale
    $620,294

    3.58 Acres, Prime Albuquerque Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.58-acre parcel presents a unique opportunity for residential development in Albuquerque, New Mexico. Situated in a desirable, established neighborhood, this R1-B zoned land offers significant advantages for builders and investors. The property boasts a highly convenient location, directly across from West Mesa High School, ensuring easy access to education and community amenities. Its proximity to Interstate 40 (less than one mile) provides excellent connectivity to the wider Albuquerque metropolitan area. Infrastructure is already in place, with existing streets and sidewalks, and readily available utilities located within the street right-of-way. This significantly reduces development costs and streamlines the construction process. The site's dense infill nature within an established residential area makes it ideal for a residential subdivision, catering to the growing housing demand. Furthermore, this strategic location benefits from its designation within both an Opportunity Zone and a Qualified Census Tract, potentially unlocking attractive tax incentives and investment opportunities. The asking price for this exceptional property is $620,294. This land presents a compelling investment opportunity for those seeking to capitalize on Albuquerque's thriving real estate market. The address is Fortuna Rd & Quailbrush Dr., Albuquerque, NM 87121, within Bernalillo County.

    Property Features for 0 Fortuna Rd & Quailbrush Dr

    General Information

    Property type
    Land
    Lot Size
    155,945 SF

    HighLights

    • $620,294 asking price for 3.58 acres of residential land.
    • R1‑B zoning.
    • Located in Albuquerque, NM, near West Mesa High School and less than one mile from I‑40.
    • Infrastructure in place including streets, sidewalks, and nearby utilities.
    • Ideal for residential subdivision development.
    • Situated in an Opportunity Zone and Qualified Census Tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7166826
    Latitude
    35.0943925

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    FAQs

    What type of property is this?
    Land - 3.58 Acres, Prime Albuquerque Location
    Where is this land located?
    The property is located at Fortuna Rd & Quailbrush Dr Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $620,294.
    What are key features of this property?
    This property features: $620,294 asking price for 3.58 acres of residential land.; R1-B zoning.; Located in Albuquerque, NM, near West Mesa High School and less than one mile from I-40.
    (505) 878-0001
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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
    Fortuna Rd & Quailbrush Dr Albuquerque, NM 87121
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