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    Fortuna Rd Albuquerque, NM 87121

    Sponsored
    For Sale
    $750,000

    1.6-Acre Industrial Parcel, $750,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.6-acre industrial land parcel presents a prime development opportunity in Albuquerque, New Mexico. Strategically located just west of the Coors and Fortuna Road intersection in the rapidly growing west side, this property boasts high visibility and easy access to major thoroughfares, including I-40 and Central Avenue. The flat, open topography and NR-BP zoning make it ideal for a variety of commercial uses. The area shows significant recent development, with several large parcels recently sold to developers and new retail projects underway. Nearby businesses include well-known national and local chains, indicating a strong existing commercial presence. This site's off-hard-corner location offers excellent potential, and the seller owns an adjacent parcel fronting Coors Boulevard, providing a potential for expanded development and direct Coors Boulevard access for a buyer acquiring both properties. The asking price is $750,000, and owner financing is available. This is a rare chance to acquire a well-positioned development site in a thriving Albuquerque market. The property is located at Fortuna Rd NW, Albuquerque, NM 87121. The zip code is 87121, and the property is situated at latitude 35.0943667 and longitude -106.7096479. Bernalillo County is the county location.

    Property Features for 0 Fortuna Rd

    General Information

    Property type
    Land
    Lot Size
    69,696 SF

    HighLights

    • High‑traffic west‑side Albuquerque location, near Coors Blvd. and I‑40/Central Ave. intersection.
    • Potential Coors Blvd. access via adjacent seller‑owned parcel. NR‑BP zoning allows for diverse commercial uses.
    • Large, flat, 1.6‑acre parcel in an underserved trade area, ideal for various commercial developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.7096479
    Latitude
    35.0943667

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    FAQs

    What type of property is this?
    Land - 1.6-Acre Industrial Parcel, $750,000
    Where is this land located?
    The property is located at Fortuna Rd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High-traffic west-side Albuquerque location, near Coors Blvd. and I-40/Central Ave. intersection.; Potential Coors Blvd. access via adjacent seller-owned parcel. NR-BP zoning allows for diverse commercial uses.; Large, flat, 1.6-acre parcel in an underserved trade area, ideal for various commercial developments.
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    Fortuna Rd 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
    Fortuna Rd Albuquerque, NM 87121
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