Listing Agency: NAI Sun Vista Show Phone

Listed By: Riley McKee · License #NM 50021AB

Source: Crexi

Added: Aug 16, 2023 Changed: Aug 8 Last Checked: Aug 12 at 7:22AM

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Investment Insights

Based on property information with market context.

This property features approximately 80 acres of development-ready land suitable for industrial, distribution, or retail purposes. It is located within a business park and offers rapid access to I-40, with high visibility from both I-40 and 98th St. New infrastructure has been added nearby, including the recently-completed Daytona Rd. Wet and dry utilities are available. The property is located in a qualified Opportunity Zone, and economic development incentives are available. The IDO zoning is NR-BP, and permitted uses include light manufacturing, warehousing, distribution, and retail, with conditional-use drive-thru possibilities. Build-to-suit, ground lease, or sale options are available. A new speculative distribution warehouse is located within the business park.

Key Highlights

• Rapid access to I‑40
• Multiple tracts of development‑ready land
• Located in qualified Opportunity Zone

Property Analytics

Property Profile

Current Use

Familia Story Artist Next To You Storage ... Storage Facility Volcano Point Business Service Center Near-by Self Storage ... Storage Facility

Suggested Use

Top Pick Law Firm Dental Office Building Supply Big Box & Wholesale Store Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Explore this area Business Placement

Demographics for 87105, NM

54,151

Population

20,263

Households

2.7

Avg Household Size

39

Median Age

16%

College-Educated

80%

High-School Grad

40.2 sq mi

ZIP Area

1,347

Density / Sq Mi

$49,928

Median Household Income

$32,490

Median Earnings

$972

Median Rent

$200,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - 80 acres of land ideal for industrial or retail.

Where is this industrial land located?

The property is located at 98th St NW Albuquerque, NM.

What are key features of this property?

This property features: Rapid access to I‑40; Multiple tracts of development‑ready land; Located in qualified Opportunity Zone