Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    I-40 Frontage Land Lease Title is generated by Realmo AI

    Us Highway 66, Albuquerque, NM

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multiple land lease parcels available with I-40 frontage.

    Type:LAND
    Lot size:
    3.69 Acres
    Added:
    Jun 26, 2025
    Days on Market:
    339
    Last Refresh:
    May 20 at 9:05 pm

    Property Features for Us Highway 66

    General Information

    Standard status
    Active
    Lot size
    3.69 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Us Highway 66 Contact us

    We can help!

    Listing Contact
    Genieve Posen
    Genieve Posen

    Listing agent Genieve Posen License #NM53880

    Listing office NAI SunVista - Albuquerque

    Listing date Jun 26, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI SunVista - Albuquerque

    HighLights

    • Interstate frontage along I‑40 with good visibility
    • Access along I‑40 Frontage Road/Central Ave. SW
    • Multiple‑sized land lease parcels available
    • Great location for a tenant needing term flexibility
    • Owner would participate in zoning change to qualified tenants
    • Tenant responsible for all improvements to the property as needed

    Overview

    This commercial land offers interstate frontage along I-40, providing good visibility and access along I-40 Frontage Road/Central Ave. SW. Multiple-sized land lease parcels are available. The location is suitable for tenants needing term flexibility. Tenants are responsible for all improvements to the property as needed. The owner may participate in zoning changes for qualified tenants.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.647
    Latitude
    35.072

    Nearby Similar for Lease

    • $3,950/Mo
      3,775 SF

      Versatile Warehouses with Excellent Visibility

      Two warehouse buildings on a fenced lot, ideal for various uses.
      528 Juan Tabo Boulevard NE, Albuquerque, NM 87123
      View Details
    • $2,550/Mo

      Albuquerque Warehouse/Flex Space For Rent

      Versatile warehouse/flex space in Northeast Heights, near I-25.
      5620 Venice Avenue NE, Albuquerque, NM 87113
      View Details
    • $2,000/Mo
      1,736 SF

      Prime Commercial Space For Lease

      High-visibility commercial space with flexible layout in Albuquerque, NM.
      2837 San Mateo Boulevard NE, Albuquerque, NM 87110
      View Details
    • $2,900/Mo

      Office Building with Mountain Views

      Professional office space with Southwestern style and modern accents.
      1709 Girard Boulevard NE, Albuquerque, NM 87106
      View Details
    • $1,000/Mo
      896 SF

      Office Space in Albuquerque, NM

      Private corner office space available for rent in Albuquerque.
      1101 Cardenas Drive NE, Albuquerque, NM 87110
      View Details
    • $63,990 SF/Yr

      Downtown Albuquerque Commercial Space For Rent

      Fully rebuilt commercial space in Downtown Albuquerque's entertainment corridor.
      313 Gold Avenue SW, Albuquerque, NM 87102
      View Details
    • $4,500/Mo

      Restaurant Space on Isleta Boulevard

      Turn-key restaurant opportunity in Albuquerque's South Valley.
      424 Isleta Boulevard SW, Albuquerque, NM 87105
      View Details
    • $2,500/Mo

      Vacant Land For Rent

      Undeveloped land suitable for storage in Albuquerque, NM.
      9901 Cochiti Road SE, Albuquerque, NM 87123
      View Details
    • $1,400/Mo

      Office Space in Albuquerque, NM

      Office space available for lease in Albuquerque, New Mexico.
      608 Chama Street NE, Albuquerque, NM 87108
      View Details
    • $3,000/Mo
      10,019 SF

      Mixed-Use Property in Albuquerque

      Mixed-use property with mechanic shop, retail space, and residential unit.
      237 OLD COORS Drive SW, Albuquerque, NM 87121
      View Details
    • $20 SF/Yr

      Versatile Commercial Complex in Albuquerque

      Multi-tenant property with flexible office, flex, and professional service space.
      4020 Vassar Drive NE, Albuquerque, NM 87107
      View Details
    • $510/Mo

      Office Space in Albuquerque, NM

      Office space available for rent in Albuquerque, New Mexico.
      1101 Cardenas Drive NE, Albuquerque, NM 87110
      View Details

    FAQs

    What type of property is this?
    Land - Multiple land lease parcels available with I-40 frontage.
    Where is this land located?
    The property is located at Us Highway 66 Albuquerque, NM.
    What is the lease rate?
    The lease rate is $3,690 /Mo.
    What are key features of this property?
    This property features: Interstate frontage along I‑40 with good visibility; Access along I‑40 Frontage Road/Central Ave. SW; Multiple‑sized land lease parcels available
    (505) 290-7413 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Genieve Posen
    Genieve Posen
    Real Estate License ID: NM53880
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Us Highway 66, Albuquerque, NM
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!